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News Story
3/29/2016
Posted by Mark Reback
SAN FRANCISCO, CA -- California Insurance Commissioner Dave Jones says he has "some significant skepticism" about the benefits of Anthem Inc.'s proposed acquisition of rival insurer Cigna Corp. Jones spoke at a public hearing on the proposed $54 billion merger Tuesday in San Francisco. Jones is the chief regulator for a small...
Video
3/29/2016
Posted by Mark Reback
Consumer advocates warn regulators to oppose the proposed Anthem-Cigna health insurance mega-merger to protect consumers.
News Story
3/28/2016
Posted by Mark Reback
Anthem Inc.’s proposed $54 billion acquisition of Cigna Corp., which would create the country’s largest health insurer, faces scrutiny Tuesday as state regulators hold a public hearing in San Francisco to address concerns about the megamerger. The hearing comes a week after state regulators approved the merger of HealthNet and Missouri...
News Release
3/4/2016
Posted by Carmen Balber
Santa Monica, CA — Consumer Watchdog today urged the Department of Managed Health Care (DMHC) to require Anthem and Cigna to commit to a series of consumer protections over prices and benefits to address the companies’ past harmful practices, or reject the merger plan if the companies refuse. Read Consumer Watchdog’s letter to...
News Release
1/22/2016
Posted by Carmen Balber
Sacramento, CA -- Consumer Watchdog will challenge executives at a Department of Insurance hearing into the proposed Centene/Health Net merger to commit to strong consumer protections as conditions of a merger approval.   The Department of Insurance has broad authority to set conditions on the merger deal.   “The history of health...
News Story
1/21/2016
Posted by Mark Reback
California's four largest health plans may be on the hook for $10 billion in state back taxes -- and at least $1 billion every year going forward -- if a closely watched legal case does not break their way.     Should that happen, insurance industry critics say, it would end one of the biggest tax code abuses in state history...
News Story
1/11/2016
Posted by Mark Reback
California is becoming a battleground state in the fight over health insurance mega-mergers. Consumer advocates are putting pressure on regulators in California and a dozen other key states to scrutinize the deals amid concerns that consumers will be left with fewer choices and higher costs. There's a lot at stake for families and employers if...
News Story
1/11/2016
Posted by Mark Reback
Consumer advocates are urging California regulators to closely scrutinize proposed mergers between some of the nation's largest health insurers, the Los Angeles Times reports (Terhune, Los Angeles Times, 1/11). Background In July 2015, Anthem announced that it agreed to acquire Cigna for $48.4 billion. The combined company would have about 53...
News Release
1/11/2016
Posted by Carmen Balber
Santa Monica, CA — Consumer Watchdog today urged the Department of Managed Health Care (DMHC) to use its authority over the proposed Aetna-Humana merger to enforce a binding agreement that the combined company will not implement any rate hikes that are deemed unreasonable by regulators. In a letter to DMHC, Consumer Watchdog wrote that Aetna...
News Release
1/5/2016
Posted by Jamie Court
Santa Monica, CA – A Kaiser Family Foundation/New York Times survey showing that one-in-five working-age Americans ran into serious financial difficulties trying to pay medical bills despite being insured is yet more evidence that California needs health insurance rate regulation, Consumer Watchdog said today. In the survey, 62% of those who...