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Health Insurance Regulation

News Story
1/9/2013
Posted by Mark Reback
Making his case yet again for regulatory authority to reject "excessive" rates, California Insurance Commissioner Dave Jones on Tuesday singled out Anthem Blue Cross Life and Health Insurance Co. for slapping "unreasonable" rate increases on more than 250,000 small-business policyholders. Anthem fired back, saying the...
News Release
1/8/2013
Posted by Doug Heller
Santa Monica, CA – Anthem Blue Cross plans to go ahead with a 10.6% average annual health insurance rate hike on small business owners, despite the fact that an examination by California Insurance Commissioner Dave Jones found the rate increase to be unreasonable and unsupportable, the Insurance Commissioner announced today. An initiative...
News Story
1/6/2013
Posted by Mark Reback
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration's health care law was to stem the rapid rise in insurance costs for consumers. Particularly vulnerable to the high rates are small businesses and...
Blog Post
12/7/2012
Posted by Carmen Balber
Reporters largely missed the point of a Commonwealth Fund study released this week, that looked at consumer savings under Obamacare's 80-20 rule, the rule making insurance companies spend at least 80% of your premiums on health care, not overhead.  The authors started with a fact we already knew -- that health insurance companies had to...
News Release
12/5/2012
Posted by Carmen Balber
Washington, DC – The nonprofit Commonwealth Fund reported today that insurance companies had boosted profits instead of passing on savings to consumers under provisions of the health reform law that require at least 80% of consumer premiums go to medical care instead of overhead. The report recommends rate regulation and additional measures...
News Story
11/19/2012
Posted by Daniel Palay
Tom Steyer wore the same plaid wool tie that he wore the last time, and the time before that, and the time before that. "It's superstition," he said, in his office at One Maritime Plaza, which has a billion-dollar view of Coit Tower and San Francisco Bay. As he often does, he used a pen that morning to draw a simple cross on his...
Blog Post
11/8/2012
Posted by Carmen Balber
Lost in the ongoing election postmortem was this report yesterday from the Congressional Budget Office that a bill being pushed by the insurance industry and its salespeople to eliminate one of the strongest consumer protections in the health reform law would increase the deficit by more than $1 billion and raise health insurance costs for...
News Story
9/14/2012
Posted by Mark Reback
Consumer advocates are questioning the fairness of requiring Americans to buy health coverage under the Affordable Care Act if the government can't control the rates insurance companies charge. To keep prices in check, the health reform law instituted a procedure known as rate review, by which state insurance departments evaluate carriers...
News Story
8/27/2012
Posted by Mark Reback
Let the battle begin, again. One of the most contentious health-related bills before the Legislature in the past two years was a proposal to regulate health insurance rates, AB 52 by Assembly member Mike Feuer (D-Los Angeles). After it failed to clear the Legislature in September last year, a consumer rights organization decided to take the baton...
News Release
8/23/2012
Posted by Jamie Court
Santa Monica, CA – The California Secretary of State announced today that a ballot initiative to require health insurance companies to publicly justify and get approval for rate increases before they take effect has qualified for the 2014 ballot. The Insurance Rate Public Justification and Accountability Act made the ballot after county...