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News Release
6/30/2011
Posted by Carmen Balber
Washington, DC -- With no public discussion and on a voice vote, a task force of state insurance regulators with the National Association of Insurance Commissioners (NAIC) voted to endorse legislation that would cost consumers billions in higher health insurance premiums and lost rebates under the federal health reform law. Consumer Watchdog...
News Story
5/26/2011
Posted by Mark Reback
California's health insurance regulations -- aligned this year with federal guidelines -- include a requirement that insurers spend at least 80% of their premium revenue on direct patient care. However, efforts to change provisions of the federal Patient Protection and Affordable Care Act could have an effect on how California insurers...
News Story
4/4/2011
Posted by Mark Reback
The decision of state insurance regulators to delay a decision on whether they will support health insurance agents on the critical medical loss ratio issue constitutes to be a major setback for the agents. The key National Association of Insurance Commissioners' Professional Health Insurance Advisers Task Force took the action late March...
News Story
4/4/2011
Posted by Mark Reback
From a financial standpoint, 2010 was a great year to be a lobbyist. Health insurers, providers, pharmacy benefit managers (PBMs) and trade groups with an interest in shaping health policy spent a staggering $122.8 million lobbying Congress, the White House, HHS and other federal agencies in 2010, according to HPW’s analysis of documents...
News Story
3/29/2011
Posted by Mark Reback
WASHINGTON, DC -- In another flashpoint over implementation of federal health reform, insurance brokers are trying to undo a regulation that, they say, has already led to deep cuts in the commissions they earn from selling health care policies. The issue pits brokers against consumer groups, with state insurance commissioners split on the...
News Release
3/28/2011
Posted by Carmen Balber
Austin, TX -- State insurance commissioners made an unexpected turnabout late Sunday, ending a drive toward support for a special-interest bill that would raise health insurance premiums for consumers. A key committee voted instead to examine in depth the bill sought by insurance brokers and health insurance companies.   Consumer Watchdog...
News Story
3/28/2011
Posted by Mark Reback
A national consumer group says a bill before Congress would increase the price of health insurance by allowing insurers to exclude broker commissions when calculating what portion of premiums is spent on patient medical expenses versus administrative costs.  The California-and-Washington, D.C.-based Consumer...
News Story
3/28/2011
Posted by Mark Reback
Lawmakers pushing to exempt insurance brokers’ fees from a new regulation in the health care law suffered a setback this weekend when the National Association of Insurance Commissioners declined to take action to support the change. After hearing from consumer groups and insurance agent representatives, a task force set up by the state...
News Story
3/28/2011
Posted by Mark Reback
State insurance regulators delayed for at least four weeks action on a resolution that would support the demand by insurance agents for an exemption from the medical loss ratio (MLR) provision of the health care reform law. The National Association of Insurance Commissioners' Professional Health Insurance Advisors Task Force took the action...
Blog Post
3/27/2011
Posted by Judy Dugan
Austin, TX --The chairman of the committee that brought forth the so-called broker bill, and swore to pass it, is now backing away. The efforts of the NAIC's own consumer representatives--and Consumer Watchdog--are paying off. They're literally sending the whole thing back to committee.... likely for a very, very long time! More later,...