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News Release
8/31/2010
CONTACT CONTACT: Jamie Court, (310) 874-9989; or Carmen Balber, (310) 403-0284
Santa Monica, CA -- Some of the top Democratic recipients of health insurance cash teamed up with Republicans in the California state senate late Monday to block health insurance premium legislation authored by state Assembly Members Dave Jones and Mike Feuer. Overall health insurers have given $800,218 in campaign contributions to California...
Blog Post
8/30/2010
Posted by Jamie Court
When Anthem Blue Cross announced its controversial premium increases in California recently, the insurer claimed, "a carrier must be able to receive actuarially sound rates." So it is remarkable that "progressive" San Francisco State Senator Mark Leno, a single payer health care advocate, recently introduced eleventh hour...
News Release
8/30/2010
CONTACT CONTACT: Jamie Court, (310) 392-0075; or Jerry Flanagan, (310) 392-0522, ext 319
Actuarial Soundness” Defense Protects Insurers At Expense of Rate Regulation, Consumer Watchdog Says Los Angeles, CA -- Anthem Blue Cross’s defense of its recent controversial premium increases will be codified in law under eleventh hour legislation by San Francisco State Senator Mark Leno, SB 1163, just as the California legislature...
Blog Post
8/25/2010
Posted by Judy Dugan
At the shoe store, 40% off qualifies as at least pretty good. So why does regulators' approval of new, lower rates by Blue Cross of California not feel like victory? There are lots of reasons, but first is that the revised Blue Cross rate hikes are still in double digits, averaging 14% and as high as 20%, while average wages are still falling....
Blog Post
8/19/2010
Posted by Judy Dugan
Wouldn't it be great if we could all deduct our federal income and investment taxes from next year's income? And if we could also deduct that stress-reducing trip to a spa in Bora Bora? And if the government would just take our word for it? Fantasy for us, but the health insurance industry think that's what federal health reform ought to allow, on...
Blog Post
8/17/2010
Posted by Judy Dugan
The worst definitely didn't happen in Seattle. The National Association of Insurance Commissioners deferred the worst insurance industry demands for weakening the implementation of health care reform. For a body so closely linked to the insurance industry, that counts as real progress. Credit is due to the state-level experts who wrote proposed...
Blog Post
8/16/2010
Posted by Carmen Balber
Secretary Kathleen Sebelius announced today that HHS awarded $46 million in grant funds to 45 states and DC to "help states crack down on unreasonable health insurance premium hikes." But are all 46 of those insurance departments really planning significant improvements in rate regulation? How much new protection will consumers gain from...
News Release
8/16/2010
CONTACT CONTACT: Judy Dugan, 213-280-0175, cell, or judy@consumerwatchdog.org
Insurance Commissioners and Obama Administration Must Resist More Weakening of Curbs on Industry Overhead and Profit, Says Consumer Watchdog Seattle, WA --The nation’s state insurance commissioners are making far-reaching decisions in Seattle this week on whether health insurance companies will spend more on health care, less on their own...
Blog Post
8/14/2010
Posted by Judy Dugan
It's livelier Saturday at the National Association of Insurance Commissioners meeting in Seattle. Most refreshing was a medium-sized street demonstration, with forays into meeting rooms, by young and old demonstrators protesting lobbyist influence on health care reform. They handed out "lobbyist disinfectant packs," including soap and...
Blog Post
8/13/2010
Posted by Judy Dugan
(Seattle)--The big buzz today at a meeting of the National Association of Insurance Regulators was that President Obama would speak to the thousand-plus people gathered here--and then that he wouldn't. Maybe he didn't want to get involved in a down-to-the wire battle over whether insurance companies will have to grow more efficient and spend more...