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Insurance Rate Regulation

News Release
3/5/2013
Posted by Carmen Balber
Santa Monica, CA – Mercury Insurance, which provides homeowners insurance for about 270,000 Californians, has refused to implement an 8% rate decrease ordered by California Insurance Commissioner Dave Jones and filed a lawsuit to challenge the decision.  Last month, Jones approved a decision by state Administrative Law Judge Kristin L....
News Story
3/5/2013
Posted by Mark Reback
Mercury, which had sought a 7.3% increase, responds by filing a lawsuit seeking to block Insurance Commissioner Dave Jones' ruling. SACRAMENTO — State regulators have ordered Mercury General Corp. to cut its homeowners insurance rates by 8.2%, instead of the increase in premiums that the company had sought. As a result, the Los Angeles...
News Story
3/3/2013
Posted by Mark Reback
WASHINGTON — The Obama administration says it will require health insurance companies to report all price increases, no matter how small, to the federal government so officials can monitor the impact of the new health care law and insurers’ compliance with it. Under current rules, the federal government requires insurers to report...
News Release
1/31/2013
Posted by Carmen Balber
Santa Monica, CA – Another double-digit rate hike takes effect tomorrow for 730,000 Californians with Anthem Blue Cross health insurance. The increase of up to 26 percent is the third or fourth rate hike in just two years for many Anthem customers, who have seen prices explode and benefits shrink in the last few years, said Consumer Watchdog...
News Story
1/31/2013
Posted by Mark Reback
As California consumers prepare for health insurance rate hikes to take effect on Friday, a consumer watchdog group wants to remind them of a ballot initiative that would give the state the authority to publicly review health insurance rate increases and reject those that are excessive. Consumer Watchdog's reminder comes as 730,000...
News Story
1/31/2013
Posted by Mark Reback
Initiative would allow state to oversee health plans As about 730,000 California health insurance consumers' rates rise an average 17.5 percent today, a consumer group is renewing its support for a ballot initiative to rein in costs. The group, Consumer Watchdog, called the hikes announced last year outrageous, but representatives from Anthem...
News Release
1/25/2013
Posted by Carmen Balber
Washington DC -- Health insurance giant Wellpoint today announced a 38% profit increase in the 4th quarter of 2012, as compared to last year, for a total $2.7 billion in net profits for 2012. The insurance company continues to pad its profits even as the growth of health care costs remains at record-low levels and the company is forcing double-...
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...
Blog Post
1/4/2013
Posted by Carmen Balber
What an inspiring 2012! Together, we exposed and stopped false MPG claims by automakers, shamed health insurance companies into lowering outrageous rate hikes and moved closer to the day when technology companies can’t collect and sell our private information online and on our phones without consent. This year we’ll continue these...
Blog Post
12/5/2012
Posted by Jamie Court
Health insurance companies are raising rates by double digits AGAIN. The difference this time is that we can make them pay us back with a refund! Please watch this one minute video and join us in getting a refund of our excessive premium dollars. Anthem Blue Cross is raising rates by up to 25%. Aetna, Kaiser, Health Net, and United HealthCare...