Home › Keeping Politicians Honest

Keeping Politicians Honest

Keeping Politicians Honest
Blog Post
8/16/2010
Posted by Consumer Watchdog
If there's one thing the National Association of Insurance Commissioners don't see much of, it's public attention. Now, however, it's got the attention of the media, consumer advocates and at least part of an increasingly aware public. The spotlight may lead them to better decisions, even though insurance company lobbying has not diminished a bit...
Blog Post
8/16/2010
Posted by Consumer Watchdog
Secretary Kathleen Sebelius announced today that HHS awarded $46 million in grant funds to 45 states and DC to "help states crack down on unreasonable health insurance premium hikes." But are all 46 of those insurance departments really planning significant improvements in rate regulation? How much new protection will consumers gain from...
News Release
8/16/2010
Posted by Consumer Watchdog
Insurance Commissioners and Obama Administration Must Resist More Weakening of Curbs on Industry Overhead and Profit, Says Consumer Watchdog Seattle, WA --The nation’s state insurance commissioners are making far-reaching decisions in Seattle this week on whether health insurance companies will spend more on health care, less on their own...
News Story
8/16/2010
Posted by Consumer Watchdog
OLDWICK, N.J. -- Certain life insurance agents and broker-dealer firms could face increased legal liability depending on how the U.S. Securities & Exchange Commission rules on the fiduciary standard pertaining to the sale of investment products. Under the Dodd-Frank Wall Street Reform and Consumer Protection Act of 2010, signed into law on...
News Story
8/16/2010
Posted by Consumer Watchdog
As part of ObamaCare, the federal government will impose strict new spending rules on health insurers. How it does so could have a sweeping impact on the industry and patient care. Supporters say these new "medical loss ratio" regulations could provide better value for consumers. Critics argue that they could decrease innovation and...
Blog Post
8/14/2010
Posted by Consumer Watchdog
It's livelier Saturday at the National Association of Insurance Commissioners meeting in Seattle. Most refreshing was a medium-sized street demonstration, with forays into meeting rooms, by young and old demonstrators protesting lobbyist influence on health care reform. They handed out "lobbyist disinfectant packs," including soap and...
News Story
8/14/2010
Posted by Consumer Watchdog
RIVERHEAD, N.Y. — On New York's Long Island, it's used to prevent drownings. In Greece, it's a tool to help solve a financial crisis. Municipalities update property assessment rolls and other government data with it. Some in law enforcement use it to supplement reconnaissance of crime suspects. High-tech eyes in the sky — from...
Blog Post
8/13/2010
Posted by Consumer Watchdog
(Seattle)--The big buzz today at a meeting of the National Association of Insurance Regulators was that President Obama would speak to the thousand-plus people gathered here--and then that he wouldn't. Maybe he didn't want to get involved in a down-to-the wire battle over whether insurance companies will have to grow more efficient and spend more...
Blog Post
8/13/2010
Posted by Consumer Watchdog
Life insurers are facing broad criticism for profiting from the death benefits of soldiers and other life insurance policyholders even after a claim is supposed to be paid.  Insurers are using so-called "retained benefit accounts" to hold onto payments they owe to families of deceased policyholders. They deposit the funds in insurer...
News Story
8/13/2010
Posted by Consumer Watchdog
A few months into a new job as a contract engineer, Jim Arey was stunned by an $8,000 bill he received for two doctor-administered infusions of an expensive drug he needs regularly. That's when the Columbia, Md., man learned that the insurance provided through his placement firm capped doctor's office care at $2,000 a year. He unknowingly hit his...