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Mandatory Private Health Insurance

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...
News Release
8/13/2010
Posted by Consumer Watchdog
Washington, DC – Consumer Watchdog called on the Obama Administration to adopt new regulations requiring broad financial disclosures by health insurance companies to help insulate Americans from double-digit rate increases. Insurers should provide details of shadowy multibillion-dollar transfers to out-of-state affiliates and parent...
News Story
8/12/2010
Posted by Consumer Watchdog
Consumer advocates urged the Obama administration Thursday to investigate what they called an effort by large for-profit insurance companies to slash spending on medical care even as they raise premiums. In a letter to Health and Human Services Secretary Kathleen Sebelius, Consumer Watchdog and the Center for Media and Democracy said that insurers...
Blog Post
8/12/2010
Posted by Consumer Watchdog
Chairmen of the Senate and House committees with jurisdiction over health care reform sent a letter to Secretary Sebelius on Tuesday clarifying their intent on a particularly controversial provision in the health care law, resolving a long dispute and throwing a wrench into the insurance industry's lobbying efforts. As the NAIC works on crafting...
Blog Post
8/12/2010
Posted by Consumer Watchdog
Consumer Watchdog and the Center for Media and Democracy have sent a letter to Secretary Kathleen Sebelius calling on her and the administration to investigate the recent dramatic decreases in medical loss ratios by major health care insurers in anticipation of health care reform implementation. The insurers, led by Cigna and its 2nd quarter 6.4%...
Blog Post
8/12/2010
Posted by Consumer Watchdog
It's going to be consumer advocates vs. a large scrum of health insurance company lobbyist in Seattle for the next several days at the summer meeting of the National Association of Insurance Commissioners. In advance of that, we've asked for an investigation of what insurers are up to. The NAIC is writing proposed regulations to govern important...
News Story
8/12/2010
Posted by Consumer Watchdog
WASHINGTON, DC -- As Americans struggle with double-digit hikes in their health insurance bills, millions are coming up against a hard reality: The state regulators who are supposed to protect them can often do little to control what insurers are charging. In many states, it is the insurance industry that largely controls the regulatory process,...
News Release
8/12/2010
Posted by Consumer Watchdog
Insurers' Actions Mirror Credit Card Companies' Interest Rate Increases Ahead of New Consumer Rights   Washington, DC —Consumer Watchdog and the Center for Media and Democracy today asked the Obama administration to investigate how the major for-profit health insurance companies are reducing their proportion of spending on health care...
Feature
8/11/2010
Posted by Consumer Watchdog
Consumer Watchdog has fought to defend central consumer protections in the health care law against efforts by lobbyists for the health insurance industry to undermine rules and create loopholes in regulations.  State insurance regulators at the National Association of Insurance Commissioners (NAIC) and federal regulators at the Department of...
Blog Post
8/11/2010
Posted by Consumer Watchdog
There are days when the idea of private health insurance companies running health reform are more ludicrous than others. Today, we find that health insurance CEOs are raking in ever-higher compensation--up to $110 million a year for one retiring CEO. This is obviously where a lot of our ever-rising premium dollars are going. The lead on the LA...