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News Story
4/7/2014
Posted by Mark Reback
WellPoint Inc. (WLP:US), the second-largest U.S. health insurer, is leading companies that have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums. WellPoint, based in Indianapolis, gave $12.5 million and its Anthem Blue Cross unit gave $270,000...
News Story
3/28/2014
Posted by Mark Reback
Time’s up, Obamacare. Ready for your grades? After six months, the first enrollment season is coming to an end. So it’s time to take stock, with POLITICO’s report card that covers the highs and lows of the rollout. If you’re a supporter of the law, you might be cringing right now — you know the areas where the grade...
News Story
3/24/2014
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment. Under Obamacare, almost everybody has to have health insurance by next Monday or pay a penalty. For those who aren't covered by their employers or aren't poor enough to qualify for a federal subsidy, rates are 53% higher than they were last year. People who kept their old...
News Story
12/9/2013
Posted by Mark Reback
The drum beat pulses as loud as a heavy-metal band. The chiropractor who expects her premiums to rise, the 60s-something company manager who has to pay for maternity coverage, the Simi Valley contractor and many others who make at least $46,000 a year - they all pound away at the same rhythm. They say the middle class is once again getting...
News Story
12/8/2013
Posted by Mark Reback
Some Lower-Cost Plans Carry Steep Deductibles, Posing Financial Challenge As enrollment picks up on the HealthCare.gov website, many people with modest incomes are encountering a troubling element of the federal health law: deductibles so steep they may not be able to afford the portion of medical expenses that insurance doesn't...
News Story
12/2/2013
Posted by Mark Reback
WASHINGTON — The White House is offering more money to insurance companies as an incentive for them to let people keep insurance policies that were to have been canceled next year. The administration floated several proposals on Monday to “help offset the loss in premium revenue and profit” that it said might occur if insurers...
News Story
11/27/2013
Posted by Mark Reback
CMS insurance chief Gary Cohen told stakeholders in a Thursday memo that in order to satisfy the administration's transitional policy on reinstating non-ACA compliant plans in 2014, insurers must inform consumers of their purchasing options using the exact language developed or approved by the agency, or CMS-approved state versions. Meanwhile...
Blog Post
11/22/2013
Posted by Jamie Court
An analysis just released by California’s health insurance exchange, Covered California, offers the first real insight into the depth of the Obamacare cancellation crisis. About 450,000 of the 900,000 cancelled California policyholders will see rate hikes, according to the analysis released by Covered California.  That’s 50% of...
News Story
11/22/2013
Posted by Mark Reback
On Thursday, the Covered California board unanimously decided that insurers will not be allowed to continue selling policies in 2014 that do not meet the Affordable Care Act's minimum coverage requirements, USA Today reports (Kennedy/Welch, USA Today, 11/21). Background About one million individual policyholders in California recently were...
News Story
11/22/2013
Posted by Mark Reback
Wow, Jamie Court of Consumer Watchdog is unleashing a severe volley against Covered California, saying the state Obamacare system's new data show that nearly one-half million Californians are being cancelled and will be forced to buy more expensive insurance. But the political appointees who run Covered California's board (more on that...