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Blog Post
11/23/2011
Posted by Judy Dugan
Last night when the National Association of Insurance Commissioners voted by a bare majority to back an insurance industry plan to gut health insurance price protections in the federal health reform, Consumer Watchdog went nuts on the association. It was especially galling that brokers kept insisting it was for the good of consumers, that they...
News Story
11/23/2011
Posted by Mark Reback
Consumers advocates fume as commissioners recommend that Congress amend Affordable Care Act to exclude broker commissions from medical loss ratio. The National Association of Insurance Commissioners (http://www.naic.org) voted to exclude broker commissions from calculations of medical loss ratio required under the Patient Protection and...
News Release
11/22/2011
Posted by Carmen Balber
Washington, DC -- State insurance commissioners voted narrowly Tuesday afternoon for a resolution aiming to gut a key consumer protection in the health reform law. The plan would cost consumers an estimated $1.1 billion in premium rebates and leave them open to major rate hikes, said Consumer Watchdog. The members of the National Association of...
News Release
11/17/2011
Posted by Carmen Balber
Washington DC – State insurance regulators will vote on Tuesday whether to deny consumers an estimated $1.1 billion in health insurance premium rebates nationally. The group appears set to approve a resolution sponsored by the insurance sales lobby and insurance companies aimed at gutting limits on wasteful bureaucracy, executive salaries...
Blog Post
11/15/2011
Posted by Judy Dugan
The insurance commissioners of the 50 states held a private conference call Tuesday, and a number of them apparently noted/complained that they're getting "all these messages and faxes" from consumers opposing a resolution the National Association of Insurance Commissioners is about to vote on. So thanks to all who emailed or...
Blog Post
11/7/2011
Posted by Carmen Balber
Thank you to everyone who made a call and helped block this sneak vote pushed by health insurance companies and their salespeople to boost industry profits and broker salaries. The insurance industry and its allies have made numerous attempts to force a vote on their plan to gut a key consumer protection rule at a meeting of the National...
News Story
11/6/2011
Posted by Mark Reback
A contentious battle over whether to endorse a motion to remove broker and agent fees from the medical loss ratio brought some drama to a relatively low-key meeting of the National Association of Insurance Commissioners this weekend. There were strong indications that Florida Insurance Commissioner Kevin McCarty planned to force a vote on the...
Blog Post
7/6/2011
Posted by Judy Dugan
Health insurance companies apparently have no problem taking opposite sides of an issue when it serves their bottom line. When it comes to California law, they hate regulation and will spend any amount of money and credibility to kill it. But when it comes to protecting the profits of insurance brokers at the expense of consumers, insurance...
News Story
7/1/2011
Posted by Mark Reback
In a move being applauded by insurance agents, a task force of state insurance regulators has recommended that states support legislation to protect agent and broker commissions from the expense cap imposed on health insurers by the new federal healthcare law’s medical loss ratio (MLR). A health insurance advisors task force of the...
News Story
7/1/2011
Posted by Mark Reback
Score one for the health insurance brokers in their fight to avoid going the way of buggy-whip manufacturers. A task force of the National Association of Insurance Commissioners voted Thursday to endorse legislation that would effectively spare their commissions from being counted as administrative costs. And consumer groups aren't happy...