Rising Prices, Falling Purchasing Power, Contraction in Benefits and Health Coverage, etc

Rising prices, falling purchasing power, contraction in benefits and health coverage suggest falling standard of livings across America despite suggestions that everything is normal. There are all byproducts of a crippling debt burden.

Headline: Blue Shield of California proposes 59% premium rate hike

One of California's largest health insurers - Blue Shield - announced plans to hike its premiums by as much as 59%.

The jacked up premium rates are set to take effect on March 1, pending review from state insurance regulators. The move impacts 193,000 Blue Shield policy holders.

The company, a member of the Blue Cross Blue Shield Association with 3.3 million members, which announced the move late Thursday, stressed that its decision has "almost nothing to do with the federal health reform law" and that ultimately the law will help slow down health care costs.

Source: finance.yahoo.com