The recent health care legislation has been coming under more scrutiny lately, in terms of how much it will cost, how many people it will actually cover and so on. One article that stuck my eye, which is why I'm sharing it this week, comes from The Washington Post and is entitled, "U.S. budget office: four million likely to pay health fine". According to this article, by the time the new legislation takes effect in 2016, four million people will likely be paying fines for not purchasing mandatory health insurance.
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Wellpoint Retracts Exorbitant Rate Hikes in California
Taking a break from all the health care reform news this week -- which there still is a lot of -- a major news story broke out here in California. Some time back, you might recall I reported that Wellpoint and Anthem Blue Cross and Blue Shield of California were preparing to raise the rates of their customers up to 39%, which flew in the face of legislators, customers and even other insurance companies. Well, thankfully news has hit that they're withdrawing their request to hike rates, according to sources. The one I'm referencing today is from CNN, and is entitled, "California insurer backs away from 39% hike".