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Insurance Premium Reform

News Story
6/13/2012
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast. Consumer Watchdog announced Wednesday that it’s filed a class action lawsuit against Blue Shield of California for allegedly forcing those with preexisting medical conditions into bare bones coverage. The Blue Shield of California health plan has embraced an insurance industry...
News Story
6/13/2012
Posted by Mark Reback
Click here to view the video of this broadcast. SANTA MONICA, CA (KABC) -- A class-action lawsuit has been filed against Blue Shield over the shutdown of health insurance plans. Customers who are dropped can sign up for a different Blue Shield plan, but it's not as good. A rude surprise is what eye patient Deborah Goodwin says she got...
News Story
6/12/2012
Posted by Mark Reback
Proposed increases of more than 10% in small-business health insurance rates that are going into effect in July or August have drawn scrutiny from state regulators. Some California health insurers are proposing to raise small-business rates more than 10% next month, drawing scrutiny from state regulators. Aetna Inc., which drew the ire of...
News Release
6/12/2012
Posted by Carmen Balber
Santa Monica, CA – Health insurance companies will increase rates as high as 24% in July and August for small business customers with more than one million employees, but state regulators currently have no power to reject those increases that can’t be justified. A pending ballot initiative would require health insurance companies to...
News Story
6/12/2012
Posted by Mark Reback
The California insurance commissioners should be able to regulate health insurers’ rate increases, including the up to 24% hike insurers plan for small businesses in July and August, according to a consumer advocacy group. Consumer Watchdog says a ballot initiative, which would give the insurance commissioner power to regulate insurers...
News Release
6/11/2012
Posted by Carmen Balber
Santa Monica, CA --- The California Department of Insurance announced today it has reduced medical malpractice insurance rates for 20,000 doctors insured by The Doctors Company by $21 million using the state’s prior approval rate regulation authority. The Department of Insurance has ordered the top six medical malpractice insurance...
News Story
6/2/2012
Posted by Mark Reback
Anthem Blue Cross owes some California policyholders nearly $40 million in rebates and nonprofit rival Blue Shield of California owes about $11 million under a requirement of the federal healthcare law. Nationwide, insurers had to notify federal and state officials by Friday of how much they owe customers if the companies failed to spend a...
News Story
5/24/2012
Posted by Mark Reback
Bruce Bodaken, the longtime head of the nonprofit, supported universal healthcare Blue Shield of California's longtime chairman and chief executive, Bruce Bodaken, will retire at year's end, punctuating a career marked by praise for his early support of universal health coverage and criticism of his company's repeated rate hikes....
News Release
5/23/2012
Posted by Carmen Balber
Santa Monica, CA -- The announcement that Blue Shield CEO Bruce Bodaken will retire at the end of this year comes as insurance companies face the prospect of new rules to curb health insurance company excesses, said Consumer Watchdog. The group has sharply criticized Bodaken for keeping his CEO pay -- which reached $4.6 million in 2010 -- secret...
News Story
5/22/2012
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast. As consumer advocates celebrate their successful signature gathering effort to place on the November ballot a measure intended to regulate medical insurance rates in California, others are warning voters against the Consumer Watchdog-sponsored initiative. Called the Insurance Rate...