I cannot speak for anyone else, but I can say there are people within my circle of friends who do not trust health insurance carriers. They don’t trust insurance companies of any kind, but health insurance carriers seem to be especially irksome. I am not surprised. There are lots of reasons people have negative opinions of insurance companies.
One such reason is illustrated by a breaking story out of California. According to Stat News, two Blue Cross Blue Shield companies in the Golden State have intentionally underreported premiums in order to avoid paying ACA taxes. Combined, the companies skirted more than $170 million in taxes between 2016 and 2020.
Blue Shield of California is accused of cheating the government out of $111 million. Anthem Blue Cross of California has apparently failed to pay some $60 million in taxes. The news came to light after whistleblowers filed complaints with the IRS.… Read More