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News Story
10/21/2010
Posted by Consumer Watchdog
While Thursday morning's final vote on the medical loss ratio is getting all the attention, state insurance commissioners meeting in Orlando, Fla., have been making progress on other important issues. On Wednesday, they gave preliminary approval to the disclosure form that health insurance plans will soon have to fill out to let their...
News Story
10/21/2010
Posted by Consumer Watchdog
Insurance officials defy industry pushback, finalize key part of healthcare law Brushing off a last-minute lobbying push by the insurance industry, state insurance officials on Thursday finalized new rules requiring insurance companies to dedicate more revenues directly to healthcare.  Gathered in Orlando, Fla., members of the National...
News Story
10/21/2010
Posted by Consumer Watchdog
For the first nine months of 2010, Google spent $3.92 million, approaching the $4.03 million the search giant spent wooing federal officials in all of 2009, Senate disclosure records show. “Google has a group of well-connected lobbyists and is willing to spend freely to influence federal lawmakers and regulators,” says John M. Simpson...
News Release
10/20/2010
Posted by Consumer Watchdog
State Insurance Commissioners to Vote Thursday, Send Recommendations to HHS Washington, DC – As the insurance industry lobbies state insurance commissioners in Orlando to weaken modest regulations on health insurance premiums, Consumer Watchdog’s leaders reiterated their call for President Obama to place a moratorium on premium...
News Story
10/20/2010
Posted by Consumer Watchdog
SACRAMENTO, CA — The insurance industry has nearly doubled its contributions in support of the Republican candidate for state insurance commissioner in recent days, drawing criticism that insurers are trying to choose their own regulator. The indirect spending to elect Republican Mike Villines and attack Democrat Dave Jones raises questions...
News Story
10/20/2010
Posted by Consumer Watchdog
The National Association of Insurance Commissioners is scheduled to vote Thursday on regulations governing the law's medical-loss ratio, which requires insurers to spend 80 percent to 85 percent of premiums on medical spending or activities that improve care. Liberals by and large approve of the regulations that have been adopted by several...
Blog Post
10/19/2010
Posted by Consumer Watchdog
CW's friend Wendell Potter, a flat-out expert on how health insurance companies behave and how their lobby infiltrates government, has a report from the National Association of Insurance Commissioners meeting in Orlando, Fla. Most interesting numbers: there are 28 consumer advocates, and more than a thousand health insurance and allied...
Blog Post
10/19/2010
Posted by Consumer Watchdog
Google violated Canadian privacy laws when its Street View cars gathered data from private wireless networks,  Canada's privacy commissioner said on Tuesday. More important, the investigation found a company with a lackadaisical commitment to privacy among its engineers. Privacy Commissioner Jennifer Stoddart said the private data was...
News Release
10/19/2010
Posted by Consumer Watchdog
SANTA MONICA, CA --  The Canadian Privacy Commissioner’s announcement today that Google’s Wi-Spying with its Street View cars broke the law demonstrates the need for U.S. Congressional hearings into the scandal, Consumer Watchdog said. According to Privacy Commissioner Jennifer Stoddart: “Our investigation shows that Google...
Blog Post
10/19/2010
Posted by Consumer Watchdog
In years past, a profit result like United HealthCare's 26% increase in the third quarter would spike the stock price. Not so on Tuesday, because investors are worried that insurance companies' profit rocket will slow down next year as health reform requirements kick in. That, in a nutshell, is why the insurance industry is spending tens of...