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Bailout Nation

December 13th, 2012 - 8:14 am

Blue Cross is sitting on a lot of cash — $3.9 billion or so. And that makes California regulators sad:

“Blue Shield is sitting on a huge surplus that is beyond what is required or necessary,” said Laurie Sobel, a senior attorney for Consumers Union in San Francisco. “It should be used to hold down rate increases when it hits these extraordinary levels.”

And what happens when the reserve runs out as ObamaCare kicks in and makes everything more expensive?

Shut up, racist.

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