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Unfair Billing

News Story
5/7/2010
Posted by Consumer Watchdog
The more that current outlays by health insurers fall into the "medical" category, the easier it will be for them to meet new minimums in the health care overhaul dictating how much of every premium dollar must go for medical care and limiting how much can go for profit and administrative expenses. Insurers are racing to make the case...
News Release
4/29/2010
Posted by Consumer Watchdog
Santa Monica, CA -- Consumer Watchdog said that the California Department of Insurance’s disclosure today that independent actuaries found Anthem Blue Cross made major mistakes in filings for its 39% premium increase should fuel a national movement to require all health insurers to justify all of their rates.   The Department found...
News Story
4/28/2010
Posted by Consumer Watchdog
Initial Study Shows Health Overhaul Won't Have the Profit Impact They Feared A first look at how a key provision in the federal health overhaul could be implemented suggests that insurers' profits won't take the hit that the industry had feared. At issue is something called the medical-loss ratio, or MLR, which under the new law requires insurers...
News Story
4/23/2010
Posted by Consumer Watchdog
Hold onto your health plan. In an effort to get ahead of the new restrictions and regulations of health care reform, insurers are taking steps to increase their profits now. It's like a rerun of the credit-card industry's behavior last year, when it implemented steep interest rate increases right before new regulations. The health care changes...
News Story
4/22/2010
Posted by Consumer Watchdog
(Click here to listen to the audio broadcast of this program.)  In March, President Obama signed health care reform into law. But skyrocketing insurance premiums are still a concern. For now, regulation of rates is left chiefly to the states. On Tuesday, Senate Democrats proposed a plan for the Federal government to step in when states...
News Release
4/20/2010
Posted by Consumer Watchdog
Feinstein Bill Would Close 'Enormous Hole' In Health Reform But Must Be Amended to Cut Industry Influence, Said Consumer Watchdog Washington, D.C. -- A health reform fix-it bill by Senator Dianne Feinstein that was debated in a Senate committee this morning aims at closing what Feinstein called an "enormous loophole" in the new federal...
News Story
4/18/2010
Posted by Consumer Watchdog
The idea was simple enough: Make sure that health insurers spend the vast majority of their revenue on patient care, instead of using it for things such as advertising, profits and executive pay. To that end, the new health-care law says an insurer must give money back to consumers if it devotes less than 80 percent of premiums to paying medical...
News Release
4/15/2010
Posted by Consumer Watchdog
U.S. Senate Report Finds That Insurers Re-Label Overhead, Administrative Costs as “Medical Care” to Meet New Law’s Requirement to Cut Overhead Washington, D.C. -- In advance of rules being written by the Obama Administration, health insurers are new health reform law by simply re-labeling administrative costs as "medical...
News Story
4/13/2010
Posted by Consumer Watchdog
Mercury Insurance Group, which is bankrolling a controversial ballot initiative on car insurance, was accused by state regulators Monday of overcharging California motorists and homeowners for coverage. The state's third largest car insurer, Mercury "may have illegally overcharged thousands of Californians," according to the state...
News Story
4/13/2010
Posted by Consumer Watchdog
Mercury is accused of violating state laws on how policies are priced and sold. Mercury Insurance Group violated state laws meant to regulate how coverage is priced and sold and, as a result, overcharged perhaps thousands of Californians for homeowner and automobile insurance, the state Department of Insurance said Monday. The state's fourth-...