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HMO/PPO Abuse

News Story
6/1/2010
Posted by Consumer Watchdog
Pounded by the Obama administration for raising premiums, health insurers now must reckon with a foursome of longtime industry watchdogs who are helping steer the federal government's effort to overhaul the private insurance market. The four have top spots in the newly minted Office of Consumer Information and Insurance Oversight, whose work will...
News Story
5/26/2010
Posted by Consumer Watchdog
The prospect of broad new powers has attracted two Democrats, two Republicans and four minor-party candidates to the June 8 primary. Sacramento, CA - California's elected insurance commissioner — one of the most powerful jobs of its kind in the nation — is likely to get even more authority over the next four years as President Obama's...
Blog Post
5/24/2010
Posted by Consumer Watchdog
Consumer Watchdog has been warning for weeks that the health reform law will be riddled with costly loopholes if insurers get their way in implementing the regulations that control big expansions in health coverage. It's a hard slog, especially when you're talking about technical, math-laden stuff like "medical loss ratio" and "rate...
Blog Post
5/17/2010
Posted by Consumer Watchdog
I was on a conference call about health reform today, and all the major insurance companies were on it as well. Here's one signature moment that defines how insurers are aiming to neuter health reform by making outrageous demands, lobbying regulators just as hard as they lobbied Congress to weaken the legislation (remember the murder of the '...
News Story
5/15/2010
Posted by Consumer Watchdog
WASHINGTON — Health insurance companies are lobbying federal and state officials in an effort to ward off strict regulation of premiums and profits under the new health care law. The effort is, in some ways, a continuation of the battle over health care that consumed Congress last year. Insurance lobbyists are trying to shape regulations...
News Story
5/14/2010
Posted by Consumer Watchdog
Angela F. Braly never hesitates to speak up for her company. In the last several months, Ms. Braly, the chief executive of WellPoint, one of the nation’s largest health insurers, has tangled with state regulators, Congress and the Obama administration over concerns that it charges customers too much or engages in questionable tactics to...
News Release
5/14/2010
Posted by Consumer Watchdog
HHS Must Push to Curb Spiraling Rates, Prevent Gaming of Reform Act’s Limits on Insurer Overhead, Waste and Profit   Washington, D.C. -- Consumer Watchdog, in comments today on new federal regulations to implement health reform, urged the Department of Health and Human Services (HHS) to serve consumers, not the insurance industry, in...
News Story
5/7/2010
Posted by Consumer Watchdog
The more that current outlays by health insurers fall into the "medical" category, the easier it will be for them to meet new minimums in the health care overhaul dictating how much of every premium dollar must go for medical care and limiting how much can go for profit and administrative expenses. Insurers are racing to make the case...
Blog Post
4/20/2010
Posted by Consumer Watchdog
Wall Street was moderately pleased today that the first-quarter profits of United Healthcare, the biggest health care company in the U.S., jumped 21 percent in the first quarter. By definition, that means the rest of us shouldn't be, because every dollar spent on overhead--including profit--is a dollar less spent on making us healthier. That's the...
Blog Post
4/20/2010
Posted by Consumer Watchdog
Did you hear the one about the actuary and the federal regulator who walked into the bar? No? Neither has anyone else. Which is why attention to the health reform law is dropping off the cliff now that all the "death panel" jokes are forgotten. Yet what's happening now, as reams of specific rules and regulations are written to make the...