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News Release
8/14/2014
CONTACT Carmen Balber & Rob Leonard
SANTA MONICA, CA – Kaiser’s announcement of a 40 percent increase in profits to $2.1 billion for the first half of this year is the latest in a string of hefty health insurer profit reports that illustrate why Proposition 45’s protections against price gouging are desperately needed, said Consumer Watchdog today. Proposition 45...
News Release
8/4/2014
CONTACT Jamie Court & Carmen Balber
SANTA MONICA, CA – Six health insurance companies financing the No on Proposition 45 committee have donated $37.3 million through June 30, 2014 against the ballot measure to regulate health insurance rates in California, according to campaign finance reports filed recently with the Secretary of State. This is more than three times the $12...
News Release
7/31/2014
CONTACT Jamie Court & Carmen Balber
Santa Monica, CA – Consumer Watchdog Campaign said that the smaller than usual rate hikes announced by Covered California today are good news for consumers and resulted in part from the presence of Proposition 45 on the ballot, which would require health insurance companies to get state approval before raising rates as they must in 35 other...
News Release
7/30/2014
CONTACT Jamie Court, Carmen Balber & Rob Leonard
Santa Monica, CA --- The Proposition 45 campaign today said that WellPoint’s massive $731.1 million second quarter profit underscores the need for Proposition 45’s protections against health insurance price gouging. The profit report comes a day after the California Insurance Commissioner reported steep health insurance rate hikes for...
News Release
4/23/2014
CONTACT Jamie Court & Carmen Balber
SANTA MONICA, CA –Health insurance giants Kaiser, Blue Shield, Wellpoint/Anthem Blue Cross, Health Net, United Health and the California Association of Health Plans have now given over $25 million of policyholder money, including nearly $12 million this month, to the campaign against a November 2014 ballot measure that will prevent...
News Release
3/26/2014
CONTACT Carmen Balber
SANTA MONICA, CA – Health insurance giant WellPoint this week threatened “double-digit plus” rate hikes next year, but won’t get away with unjustified increases if voters approve a California ballot measure to increase health insurance rate transparency and accountability this November, said Consumer Watchdog Campaign....
News Release
1/31/2014
CONTACT Carmen Balber & Mark Reback
Santa Monica, CA – Anthem Blue Cross and its parent company WellPoint have given $12.9 million to defeat a California ballot initiative that would require health insurance companies to get approval for rate hikes, like the increase of up to 25% Anthem proposes for over 306,000 Californians on April 1. If approved on this November’s...
News Release
7/24/2013
CONTACT 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...
News Release
1/25/2013
CONTACT Carmen Balber & Jamie Court
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 Release
11/28/2012
CONTACT Jamie Court & Carmen Balber
Santa Monica, CA – Anthem Blue Cross could owe big refund checks to 730,000 Californians if its proposed rate hikes of up to 25% are deemed excessive thanks to an initiative voters will consider on the 2014 ballot.   The ballot measure requires health insurance companies to get approval before raising rates and allows that refunds be...