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Health Insurance Rate Regulation

News Story
8/1/2015
Posted by Mark Reback
Ventura County residents buying health insurance in the Covered California marketplace will have more choices but could pay slightly more in premiums while also facing, in some instances, rising out-of-pocket costs. Since Covered California started selling insurance in late 2013, only three insurance plans sold coverage through the marketplace in...
News Story
7/31/2015
Posted by Mark Reback
MENLO PARK -- Nearly 70 percent of California's previously uninsured adults have gained health insurance coverage under the Affordable Care Act -- and most of them say their health care needs are being met, according to the latest survey of the Kaiser Family Foundation.     But the survey released Thursday by the Menlo Park-based...
News Release
7/17/2015
Posted by Eddie B
Santa Monica, CA – Aetna is price-gouging consumers with an unjustified premium hike, its fourth in the past two years, according to regulators at California’s Department of Managed Health Care (DMHC). The average 21 percent rate hike is yet one more example of why state regulators should have the power to reject unreasonable health...
News Story
6/23/2015
Posted by Mark Reback
SACRAMENTO -- As millions of Americans nervously await the U.S. Supreme Court's ruling on a key provision of the health care law -- whether or not federal subsidies are legal in 34 states that don't run their own insurance exchanges -- California's newly insured can breathe a bit easier. Even if the court rules in favor of the...
News Release
6/2/2015
Posted by Carmen Balber
Santa Monica, CA -- A Kaiser Family Foundation survey showing that 44 percent of Covered California policyholders have difficulty paying health insurance premiums is yet more evidence that California needs health insurance rate regulation, Consumer Watchdog said today. In addition to cost hardships for those currently insured, more than 40 percent...
Blog Post
4/29/2015
Posted by Consumer Watchdog
It’s good to be king. As long as shareholders are happy, ratepayers continue to scramble to keep their health insurance. What’s to stop insurers? Nothing in California, that’s for sure. Anthem announced today that its first-quarter earnings jumped 23 percent. It earned $865.2 million in the quarter, more than $160 million than it...
News Release
4/22/2015
Posted by Carmen Balber
Santa Monica, CA – Anthem Blue Cross has, once again, failed to justify a rate increase on consumers, overcharging policyholders $33 million that California’s Insurance Commissioner should have the power to reject, said Consumer Watchdog today. Anthem has imposed an average 8.7 percent premium increase on consumers with individual...
News Story
4/1/2015
Posted by Mark Reback
Now that Blue Shield of California has lost its tax-exempt status and owes tens of millions of dollars in state taxes annually, industry experts predict that other large nonprofit insurance companies could be scrutinized over how they serve the public, reported AIS Health. The pressure stems largely from depleted state budgets and an...
News Story
3/28/2015
Posted by Mark Reback
“Many patients are simply accepting pure cash pricing for procedures—as if they had no insurance coverage at all—because it is cheaper than if they were to stick with their narrow-network options.” Dr. Allen Kamrava (right), Cedars-Sinai Medical Center, Los Angeles with a patient   Los Angeles colorectal surgeon Dr....
News Story
3/27/2015
Posted by Mark Reback
With billions of dollars in reserve, nonprofit insurer Blue Shield of California is facing new pressure to offer better prices for its policies. Despite its nonprofit status, the health insurance giant is usually on par or priced slightly above its for-profit rivals, according to a review of rates and interviews with insurance agents and industry...