/Quick Point/ – Insurer Reveals Inflation Expectations and Intentions

Wednesday, November 10, 2010

Carefirst BlueCross BlueShield (DC) let its inflation thoughts and plans out of the bag recently. Here is the new language the company inserted into its general contract with health insurance customers:

“Section 3.4 Premium Rate Changes. CareFirst may change the Premiums by giving the Subscriber at least forty-five (45) days prior written notice. The rate increase will be effective….”

Hmmm… “Change” morphed to “increase” with no discussion of a possible rate decrease. And the announcement is official, having been signed by Chester E. Burrell, President and Chief Executive Officer.

/Quick Point/ – An observation relevant to current investment trends and recent Investment Directions’ articles.

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