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Health Insurance Rates

News Story
4/3/2013
Posted by Mark Reback
The commissioner's enlistment of Consumer Watchdog to help review health rates raises eyebrows. Callifornia Insurance Commissioner Dave Jones lashed out Tuesday at another double-digit rate hike for thousands of small businesses getting their health insurance from industry giant Anthem Blue Cross. But this time Jones got some help from a...
News Story
3/27/2013
Posted by Mark Reback
While most of us face uncertainty with the rollout of healthcare reform, some insurance companies in California have been feeling their oats lately. Here's how they're responding to Insurance Commissioner Dave Jones' warnings that their latest rate increases are unreasonable: Stuff it, Dave. That essentially was the response of Blue...
News Story
3/24/2013
Posted by Mark Reback
"There you go again." That famous phrase was uttered in a debate by presidential candidate Ronald Reagan in response to his perceptions of incumbent Jimmy Carter's mischaracterizations. More than 30 years later, it can just as easily be applied to the latest round of health insurance increases by California companies. Once again,...
News Story
2/20/2013
Posted by Mark Reback
OLDWICK, N.J. -- Businesses may increasingly turn to self-insurance, and their use of captives for medical stop-loss insurance may grow as a result of the U.S. health care reform law, some industry experts predict. Bill Boone, national alternative health care solutions leader at Marsh Inc., said reform removed the lifetime limit and annual per...
News Release
2/14/2013
Posted by Carmen Balber
Santa Monica, CA – The California Department of Insurance announced today that a 17.9% average health insurance rate increase paid by 630,000 Anthem Blue Cross customers on February 1st has been reduced to 13.9%. Anthem should never have charged its customers the double-digit increase, said the nonprofit Consumer Watchdog, but regulators in...
News Release
1/31/2013
Posted by Carmen Balber
Santa Monica, CA – Another double-digit rate hike takes effect tomorrow for 730,000 Californians with Anthem Blue Cross health insurance. The increase of up to 26 percent is the third or fourth rate hike in just two years for many Anthem customers, who have seen prices explode and benefits shrink in the last few years, said Consumer Watchdog...
News Release
1/25/2013
Posted by Carmen Balber
Washington DC -- Health insurance giant Wellpoint today announced a 38% profit increase in the 4th quarter of 2012, as compared to last year, for a total $2.7 billion in net profits for 2012. The insurance company continues to pad its profits even as the growth of health care costs remains at record-low levels and the company is forcing double-...
News Story
1/9/2013
Posted by Mark Reback
Making his case yet again for regulatory authority to reject "excessive" rates, California Insurance Commissioner Dave Jones on Tuesday singled out Anthem Blue Cross Life and Health Insurance Co. for slapping "unreasonable" rate increases on more than 250,000 small-business policyholders. Anthem fired back, saying the...
News Release
1/8/2013
Posted by Doug Heller
Santa Monica, CA – Anthem Blue Cross plans to go ahead with a 10.6% average annual health insurance rate hike on small business owners, despite the fact that an examination by California Insurance Commissioner Dave Jones found the rate increase to be unreasonable and unsupportable, the Insurance Commissioner announced today. An initiative...
News Story
1/6/2013
Posted by Mark Reback
Health insurance companies across the country are seeking and winning double-digit increases in premiums for some customers, even though one of the biggest objectives of the Obama administration's health care law was to stem the rapid rise in insurance costs for consumers. Particularly vulnerable to the high rates are small businesses and...