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Rate Regulation

News Story
9/6/2016
Posted by Mark Reback
Click here to listen to the audio segment of this radio broadcast. On the September 6th edition of Your Call, we’ll discuss the rising cost of healthcare and health insurance in California. Covered California, the state’s health insurance exchange, has announced that in 2017, premiums will rise by an average of 13 percent. That’s...
News Story
8/3/2016
Posted by Mark Reback
Consumer Watchdog filed a petition in California challenging State Farm’s proposed rates for its homeowners insurance and wants the insurers to cut its rates by as much as 40 percent. The Santa Monica, Calif.-based consumer group said insurer will be overcharging more than 280,000 homeowners policyholders in the state unless it cuts its rate...
News Release
8/2/2016
Posted by Carmen Balber
Santa Monica, CA – Consumer Watchdog filed a petition challenging State Farm’s proposed rates for its dwelling insurance, charging that California’s largest homeowners insurer will be overcharging over 280,000 policyholders unless it cuts its rate by as much as 40%, or nearly $100 million. Consumer Watchdog’s analysis found...
Video
7/27/2016
Posted by Mark Reback
Consumer Watchdog's executive director Carmen Balber discusses the current state of health insurance in California, touching on the proposed mega-mergers and why they're bad for consumers, as well as Covered California's announced rate hikes and why they can't be stopped currently.
News Story
10/22/2015
Posted by Mark Reback
State Farm's proposed 6.9% homeowners' insurance rate increase for 1.7 million California homeowners faces a challenge from Consumer Watchdog, which claims the rate would overcharge consumers $210 million annually if it takes effect. But State Farm defended the hike, saying exposure to catastrophic losses in California is possibly "...
News Release
10/20/2015
Posted by Carmen Balber
Santa Monica, CA -- Consumer Watchdog has challenged a rate increase proposed by State Farm, the state’s largest homeowners insurance company, that would overcharge consumers by approximately $210 million a year were it to take effect.  State Farm has made $1.5 billion in profits from its California homeowners line over the last 5 years...
News Story
4/7/2014
Posted by Mark Reback
Executives at health insurance giant WellPoint are predicting they will have to implement "double-digit plus" rate increases next year, demonstrating once again just how politically tone deaf and profit-obsessed they apparently are. When I read WellPoint CEO Joe Swedish comments in Modern Healthcare that, there will "undoubtedly be...
News Story
4/7/2014
Posted by Mark Reback
WellPoint Inc. (WLP:US), the second-largest U.S. health insurer, is leading companies that have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums. WellPoint, based in Indianapolis, gave $12.5 million and its Anthem Blue Cross unit gave $270,000...
News Release
3/6/2014
Posted by admin
Santa Monica, CA – California’s largest health insurance companies have hired a Democratic party “insider”, former executive director of the Democratic Party, Kathy Bowler, to try to stop Consumer Watchdog’s November ballot measure to limit excessive health insurance rate hikes, ahead of the March California...
News Story
12/22/2013
Posted by admin
He was an early supporter, but that hasn’t prevented Insurance Commissioner Dave Jones from finding plenty of fault with President Barack Obama’s new health care program and its rollout in California. Jones wasn’t happy the state’s health insurance exchange told insurers not to include pediatric dental care as a standard...