Home › Rate hikes

Rate hikes

News Story
7/24/2015
Posted by Mark Reback
Two new health insurers are poised to join California's market for Obamacare coverage — industry giant UnitedHealth and a New York start-up named Oscar. Many consumers may welcome the new choices starting next year and the prospect that increased competition helps hold down premiums. The lack of more health plans to choose from has been...
News Release
4/22/2015
Posted by Carmen Balber
Santa Monica, CA – Anthem Blue Cross has, once again, failed to justify a rate increase on consumers, overcharging policyholders $33 million that California’s Insurance Commissioner should have the power to reject, said Consumer Watchdog today. Anthem has imposed an average 8.7 percent premium increase on consumers with individual...
News Release
1/7/2014
Posted by Carmen Balber
Santa Monica, CA – Blue Shield Life and Health is imposing an unreasonable rate increase on over 80,000 Californians with individual health insurance policies, an average of 9.8% that adds up to a 22.8% increase for the year. California Insurance Commissioner Dave Jones announced today that the company would not budge on its excessive rate...
News Release
11/5/2013
Posted by Carmen Balber
Santa Monica -- In response to the news that Blue Shield is delaying its cancellation of policies for 90 days, following a demand by the Department of Insurance, Consumer Watchdog called on all other health insurance companies in California who cancelled approximately 900,000 policies this month to follow suit. Consumer Watchdog also asked Covered...
News Release
7/24/2013
Posted by Mark Reback
Washington DC -- Health insurance giant WellPoint today announced a 24% profit increase in the 2nd quarter of 2013, as compared to last year, and the company's stock hit an all-time high of $90 per share on Wednesday. WellPoint reported it earned $800.1 million, or $2.64 per share, in the three months that ended June 30th, which is up about 24...
Blog Post
7/1/2013
Posted by Carmen Balber
Consumer Watchdog's Public Comment On Health Net's CA "Exchange" Rates   The main provisions of the Affordable Care Act take effect in just six months. Any Californian who cannot afford health insurance, or is paying too much now, or has watched her benefits whither away, will look to California’s new insurance...
News Story
3/27/2013
Posted by Mark Reback
While most of us face uncertainty with the rollout of healthcare reform, some insurance companies in California have been feeling their oats lately. Here's how they're responding to Insurance Commissioner Dave Jones' warnings that their latest rate increases are unreasonable: Stuff it, Dave. That essentially was the response of Blue...
News Story
3/24/2013
Posted by Mark Reback
"There you go again." That famous phrase was uttered in a debate by presidential candidate Ronald Reagan in response to his perceptions of incumbent Jimmy Carter's mischaracterizations. More than 30 years later, it can just as easily be applied to the latest round of health insurance increases by California companies. Once again,...
News Story
3/7/2013
Posted by Mark Reback
Law360, Los Angeles -- A California judge on Wednesday tentatively trimmed two putative class actions accusing Blue Cross of California of using “bait and switch” strategies to unilaterally increase annual deductibles and premiums midyear, ruling in part that the Consumer Legal Remedies Act doesn't apply to buying health insurance...
News Story
3/6/2013
Posted by Mark Reback
Some Anthem Blue Cross policyholders are pressing a court fight over the company's midyear changes in annual deductibles and other limits on out-of-pocket medical costs. Dave Jacobson, a film production supervisor in Santa Monica, is one of the plaintiffs who filed suit against Anthem over the changes in 2011. Jacobson, who bought his Anthem...