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News Release
CONTACT Carmen Balber or Jamie Court
Santa Monica, CA – Another double-digit rate hike takes effect tomorrow for 730,000 Californians with Anthem Blue Cross health insurance. The increase of up to 26 percent is the third or fourth rate hike in just two years for many Anthem customers, who have seen prices explode and benefits shrink in the last few years, said Consumer Watchdog...
News Release
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-...
Blog Post
Jamie Court
Health insurance companies are raising rates by double digits AGAIN. The difference this time is that we can make them pay us back with a refund! Please watch this one minute video and join us in getting a refund of our excessive premium dollars. Anthem Blue Cross is raising rates by up to 25%. Aetna, Kaiser, Health Net, and United HealthCare...
News Release
CONTACT Carmen Balber
Washington, DC – The nonprofit Commonwealth Fund reported today that insurance companies had boosted profits instead of passing on savings to consumers under provisions of the health reform law that require at least 80% of consumer premiums go to medical care instead of overhead. The report recommends rate regulation and additional measures...
News Release
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...
Blog Post
By Carmen Balber
Senator Jon Tester announced his support for legislation to give state insurance commissioners the authority to say no when insurance companies propose excessive and unjustified premium increases. Tester endorsed a bill sponsored by Senator Dianne Feinstein of CA, (S 137), to require oversight and approval of health insurance premiums. 35 states...
Rebate checks from health insurance companies did come in the mail to many Americans, even if they weren't as big as they should have been. A little-known rule under federal health reform calls for health insurers to spend at least 80% of their premium on actual health care, limiting profit and overhead to 20%. Jamie Court discusses its...