Top insurance executives were grilled by a congressional committee to explain why the average health insurance premium has skyrocketed by more than 20% in less than a year after healthcare reform was signed into law:
Executive X said that is was because of the increased demand in healthcare services. "The increased demand in healthcare services was not expected."
Robert Coulter, blogger at severitysquared.blogspot.com, was one of the few that predicted the sharp increase in insurance premiums upon passage of healthcare reform. He said that it was obvious that once healthcare insurance wss mandated that individuals would tap the healthcare system for more services to extract all the value they can out of their policies. Why let the premiums go to waste or to someone else?
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