Consumer Watchdog's executive director Carmen Balber discusses the current state of health insurance in California, touching on the proposed mega-mergers and why they're bad for consumers, as well as Covered California's announced rate hikes and why they can't be stopped currently.
Consumers should review new health insurance policies closely for “hidden premiums,” including narrow provider networks, high deductibles and climbing cost-sharing that can result in major unexpected medical bills, Consumer Watchdog said today. Health insurance rates released by Covered California today increased an average 4 percent...
CONTACT Carmen Balber & Eddie Barrera
Santa Monica, CA – Consumers should review new health insurance policies closely for “hidden premiums,” including narrow provider networks, high deductibles and climbing cost-sharing that can result in major unexpected medical bills, Consumer Watchdog said today. Health insurance rates released by Covered California today...
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...
Hundreds of thousands of Californians are having issues with Obamacare. Many are learning that the new program does not allow them to keep the insurance they already have, leaving some with no insurance at all. John Cádiz Klemack reports from Westchester for the NBC4 News at 5 p.m.
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...
Carmen Balber & Jerry Flanagan
Consumer Watchdog's Public Comment On Health Net's CA "Exchange" Rates The main provisions of the Affordable Care Act take effect in just six months. Any Californian who cannot afford health insurance, or is paying too much now, or has watched her benefits whither away, will look to California’s new insurance...
Less Competition on Health Insurance Exchange Could Lead to Higher Rates Absent Health Insurance Rate Regulation
CONTACT Jamie Court
Santa Monica, CA -- Consumer Watchdog responded today to the news that the state’s three largest health insurance companies -- Blue Cross, Blue Shield and Kaiser -- would continue to dominate the health insurance market in the California health exchange with concerns that patients will continue to pay excessive premiums because of decreased...
CONTACT Carmen Balber
Santa Monica, CA – The California Department of Insurance announced today that a 17.9% average health insurance rate increase paid by 630,000 Anthem Blue Cross customers on February 1st has been reduced to 13.9%. Anthem should never have charged its customers the double-digit increase, said the nonprofit Consumer Watchdog, but regulators in...
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...