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Premium Regulation

News Story
3/2/2012
Posted by Mark Reback
If my family's small local business was a health insurance company, we could double prices during a deep recession while amassing a fortune in invested savings. Woohoo! As the customer base fell, we'd just jack up prices again. It's a laughably impossible model for almost any business. But not for Blue Cross, Blue Shield and their...
News Release
2/29/2012
Posted by Carmen Balber
Santa Monica, CA – Blue Shield has $3.1 billion in excess surplus, 1400% more than the state requires, yet still plans to raise rates up to 14.8% for 320,000 California patients on March 1st. Repeated rate hikes in the face of massive company surpluses at the same time that inflation slows show the need for a ballot initiative to prevent...
News Story
2/27/2012
Posted by Mark Reback
A loud hissing contest on California's left political flank began weeks before the state's largest health insurance companies announced the other day they plan to raise average rates by 8 percent to 14 percent for thousands of consumers with individual policies — well over twice the 3.6 percent increase in their annual costs. The...
News Story
2/27/2012
Posted by Mark Reback
In more than 30 states, government insurance departments have the authority to reject what they determine to be excessive rate hikes for health insurance. But not in California. Earlier this month, consumer advocates launched a drive to put an initiative on the November ballot to let voters decide if California’s Insurance Commissioner...
News Story
2/26/2012
Posted by Mark Reback
Consumer advocates and labor unions are looking to tap into Californians' anxiety over health care costs with ballot measures targeting insurance companies and hospitals. Signature gatherers are out now trying to qualify three initiatives for the November ballot. Two of them are being pushed by a union that represents health care workers....
News Story
2/23/2012
Posted by Mark Reback
The proposed premium hikes for hundreds of thousands of California consumers with individual coverage would outpace the cost of overall medical care, which has risen just 3.6% in the last year. California's largest health insurers are raising average rates by about 8% to 14% for hundreds of thousands of consumers with individual coverage,...
News Story
2/22/2012
Posted by Mark Reback
A volunteer-backed citizens’ group calling itself Consumer Watchdog is pushing an initiative that would give the state insurance commissioner the power to reject excessive hikes in health care rates. Current Commissioner Dave Jones complained during a San Diego appearance last July that although 1988’s Prop 103 gives him the power...
Video
2/21/2012
Posted by Consumer Watchdog
Jamie Court's appearance on Midday Sunday, discussing the campaign to get a proposition on the California ballot which will force health insurers to justify their rates before they take effect. Sign the petition at JustifyRates.org.
News Story
2/20/2012
Posted by Mark Reback
Click here to listen to the audio of this news broadcast. Consumer advocates are trying to get a measure on the fall ballot that would allow the state to regulate health insurance premiums. SAN DIEGO — Signatures are being collected on an initiative that would allow state regulators to control the price of health insurance. The measure...
News Story
2/20/2012
Posted by Mark Reback
The biggest applause line Senator Diane Feinstein (D-Calif.) got at a gathering of Democratic Party activists last week came when she endorsed a ballot initiative to give the California Insurance Commissioner power to reject excessive health insurance rate increases. Consumer advocates there decided to go the ballot initiative route after the...