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Insurance Rate Regulation

Video
11/13/2013
Posted by Consumer Watchdog Admin
Back in 1984, the California Legislature passed a law requiring drivers to have auto insurance… but didn't limit how much insurers could charge. Predictably, insurers hiked prices by double digits. Voters revolted against the price gouging by passing Prop 103, and the result was billions in savings. Prop 103 has saved California drivers...
News Story
11/13/2013
Posted by Mark Reback
Nebraska consumers have seen the nation's biggest percentage increase in auto insurance rates since 1988, a consumer group said Tuesday in recommending that all states adopt tough, California-style regulation of the auto insurance industry. Iowa's increase has been above-average, too, the Consumer Federation of America said in a report...
News Story
10/4/2013
Posted by Mark Reback
Possibly setting up a clash over health insurance regulation, Sen. Ted Gaines, R-Rocklin, announced Thursday that he will run for California insurance commissioner next year. Gaines won a new Senate term in 2012, which means he is not up for re-election until 2016 and can seek statewide office next year without risking the Senate seat. Gaines...
News Release
7/24/2013
Posted by Mark Reback
Washington DC -- Health insurance giant WellPoint today announced a 24% profit increase in the 2nd quarter of 2013, as compared to last year, and the company's stock hit an all-time high of $90 per share on Wednesday. WellPoint reported it earned $800.1 million, or $2.64 per share, in the three months that ended June 30th, which is up about 24...
Blog Post
7/1/2013
Posted by Carmen Balber
Consumer Watchdog's Public Comment On Health Net's CA "Exchange" Rates   The main provisions of the Affordable Care Act take effect in just six months. Any Californian who cannot afford health insurance, or is paying too much now, or has watched her benefits whither away, will look to California’s new insurance...
News Release
6/19/2013
Posted by Harvey Rosenfield
Santa Monica, CA – Californians spent less per year on auto insurance in 2010 than they did in 1989, a rate reduction that no other state in the nation achieved according to a new Consumer Federation of America analysis of insurance industry data. California voters approved Proposition 103 in 1988 to regulate auto insurance rates and the...
News Story
6/17/2013
Posted by Mark Reback
As part of what advocates call the “next step” of the Affordable Care Act, California voters will consider an initiative next year that will empower regulators and consumer advocates to challenge health insurance premium rate hikes. Though healthcare reform, better known these days as Obamacare, gives the government the ability to...
News Story
5/24/2013
Posted by Mark Reback
California's newly created health exchange announced the bottom line on its insurance policies and rates Thursday, bringing sharper focus to family impacts of next year's health care overhaul. Thirteen companies were selected to sell policies for the individual market through Covered California, a state-owned marketplace for comparing...
News Release
5/23/2013
Posted by Jamie Court
Santa Monica, CA -- Consumer Watchdog responded today to the news that the state’s three largest health insurance companies -- Blue Cross, Blue Shield and Kaiser -- would continue to dominate the health insurance market in the California health exchange with concerns that patients will continue to pay excessive premiums because of decreased...
News Story
5/23/2013
Posted by Mark Reback
In another major step toward national health reform, California on Thursday unveiled a list of insurers who will offer coverage through the state's new health exchange marketplace, providing the first glimpse into plans and prices for up to 5.3 million people not covered by employers. Anthem Blue Cross of California, Blue Shield of California...