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Health Insurance Regulation

Blog Post
5/17/2010
Posted by Consumer Watchdog
I was on a conference call about health reform today, and all the major insurance companies were on it as well. Here's one signature moment that defines how insurers are aiming to neuter health reform by making outrageous demands, lobbying regulators just as hard as they lobbied Congress to weaken the legislation (remember the murder of the '...
News Story
5/15/2010
Posted by Consumer Watchdog
WASHINGTON — Health insurance companies are lobbying federal and state officials in an effort to ward off strict regulation of premiums and profits under the new health care law. The effort is, in some ways, a continuation of the battle over health care that consumed Congress last year. Insurance lobbyists are trying to shape regulations...
News Story
5/14/2010
Posted by Consumer Watchdog
Angela F. Braly never hesitates to speak up for her company. In the last several months, Ms. Braly, the chief executive of WellPoint, one of the nation’s largest health insurers, has tangled with state regulators, Congress and the Obama administration over concerns that it charges customers too much or engages in questionable tactics to...
News Release
5/14/2010
Posted by Consumer Watchdog
HHS Must Push to Curb Spiraling Rates, Prevent Gaming of Reform Act’s Limits on Insurer Overhead, Waste and Profit   Washington, D.C. -- Consumer Watchdog, in comments today on new federal regulations to implement health reform, urged the Department of Health and Human Services (HHS) to serve consumers, not the insurance industry, in...
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 Story
4/30/2010
Posted by Consumer Watchdog
Their retirement dreams gone, a growing number of local baby boomers are simply trying to survive as jobs, money and health insurance disappear The roll call of Myra Kohanyi pierced the clamor of another exhausting night at the Westminster Free Clinic, as she plowed through a list of 150 people awaiting treatment at what has become a triage...
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...