As I emptied the mail box at Castle Sidewalker this morning I was disturbed to see a letter from our medical insurance company. The reason for my angst? Quite simply I have never received a letter from them that has either been a refund or a premium reduction. And sure enough this letter did not buck that trend. They kindly informed me that as of January 1st they are jacking my premium by a ‘healthy’ 17.6%.
This notification left me scratching my head, as only last week Ben Bernanke the Chairman of the Federal Reserve had said in is statement that inflation was currently non existent, and he was set to continue his Zero Interest Rate Policy (ZIRP).
I thought about writing back to the insurance company refusing their generous premium hike, citing the testimony of the man closest to the heartbeat of our economy. So you can see the conundrum we have here. Somewhere someones nose is growing Pinocchio style. The question is whose nose. Is it Mr. Bernanke’s or is it the CEO of my insurance company?
If there is no inflation, then my insurance company is gouging me. If there is inflation, then why my are my savings receiving 0.1% interest? Either way, regular people like you and me are getting the run-around. Would the last person to leave the Middle Class please turn the light out…
I’ll leave you with this question, who do you think is lying to me? The insurance company or the Federal Reserve Chairman? Your thoughts on this would be most welcome.
-Current balance $25.07