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Premium Regulation

News Story
1/17/2012
Posted by Mark Reback
One year after a new law (SB 1163) expanded state officials' ability to review health plan rates, some consumer advocates are calling for greater power to regulate insurance rates, the Contra Costa Times reports. Background In California, the state Department of Managed Health Care oversees HMOs, while the California Department of...
News Story
1/16/2012
Posted by Mark Reback
California should join the majority of states across the nation, 36 of 50, that have authority to control health insurance rate hikes. A consumer group is expecting to begin collecting signatures within the next few days to put a regulatory measure on the November ballot. They should work to give California voters the opportunity to voice...
News Story
1/16/2012
Posted by Mark Reback
California regulators last year won expanded authority to scrutinize health insurance rate hikes, but their continued lack of real power has consumers gearing up for a new battle with the insurance industry over rate regulation. The new law permits regulators to conclude a rate hike is excessive, but they can only try to persuade or shame...
News Story
1/13/2012
Posted by Mark Reback
WASHINGTON – The U. S. Department of Health and Human Services announced Thursday that an independent review of proposed health insurance rate increases by Trustmark Life Insurance Company affecting members in five states are “unreasonable.” According to HHS, the rate increases proposed would affect nearly 10,000 members...
News Story
1/8/2012
Posted by Mark Reback
Click here to listen to the audio broadcast of this news segment. SAN FRANCISCO, CA — Jamie Court is president of Consumer Watchdog, the non-profit organization that has launched an initiative drive to give state regulators the power to approve or reject health insurance rate hikes. Over the past decade, while inflation has risen 29...
News Release
1/4/2012
Posted by Carmen Balber
Santa Monica, CA – Health insurance premiums for California families rose 153% since 2002, more than five times the 29% increase in the rate of inflation, according to a new survey released Wednesday. “A 153% increase in health insurance premiums in just 10 years is unbearable and the fact that premiums have risen five times the...
Blog Post
1/2/2012
Posted by Jamie Court
Congress has shut down President Obama’s financial consumer watchdog agency by refusing to confirm its director. Our Consumer Watchdog has a lot of powerful enemies too and they are trying to put us out of business. Our determined advocacy has made us Public Enemy Number One for the insurance industry, online data pirates, the...
News Release
12/20/2011
Posted by Consumer Watchdog
Santa Monica, CA -- Mercury Insurance is seeking permission to raise auto insurance rates by $89 million.  At the same time, the company’s Chairman George Joseph is spending $8 million on a 2012 ballot initiative that insurance billionaire claims will give “discounts” to some drivers.  The proposed initiative is...
News Story
12/15/2011
Posted by Mark Reback
WASHINGTON, D.C. -- As many as 2 million Floridians could see lower health insurance premiums or get rebates next year now that the Obama administration has denied Florida's request to waive new cost-cutting rules for the state's insurance providers. Under last year's health care reform law, insurers must spend at least 80 cents of...
Blog Post
12/13/2011
Posted by Judy Dugan
When I first noticed the ad below while hunting for cookie recipes, I was surprised to see a health insurance company buying a full page in the first pages of a cooking magazine. But reading it was another surprise. The headline touts "Free Annual Checkups," and the text of the Anthem Blue Cross ad takes credit for this brand-new...