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Santa Monica, CA – The former CEO of Wellpoint, Angela Braly, was paid $20 million after resigning under pressure last year, news that broke the day after the insurer’s California subsidiary, Anthem Blue Cross, was taken to task for raising rates...
Washington, DC and Santa Monica, CA – Blue Shield of California will impose an unreasonable rate hike as high as 19.9% on 268,000 Californians because the state’s insurance commissioner does not have the power to reject unjustified health insurance premiums...
Insurance Giant Mercury Sues to Block $16 Million Decrease For Homeowners Ordered by Insurance Commissioner
Santa Monica, CA – Mercury Insurance, which provides homeowners insurance for about 270,000 Californians, has refused to implement an 8% rate decrease ordered by California Insurance Commissioner Dave Jones and filed a lawsuit to challenge the decision. ...
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...
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...
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...
What an inspiring 2012! Together, we exposed and stopped false MPG claims by automakers, shamed health insurance companies into lowering outrageous rate hikes and moved closer to the day when technology companies can’t collect and sell our private information...
Did you see Jamie's blog? He's right, we've had an amazing 2012. We couldn't have done any of it without your support, and your tax-deductible contribution now will help us reach our year-end goal to cover next year's expenses. Your tips prompted...
Consumer Watchdog Asks Justice Department To Take Over Google Antitrust Action As Chairman Schmidt Equates Google With 1990s Microsoft
WASHINGTON, DC – Consumer Watchdog today called on the U.S. Department of Justice to take over the ongoing federal antitrust probe of Google after the company’s chairman in a news interview equated it with antitrust poster child Microsoft in the 1990s. The...
Reporters largely missed the point of a Commonwealth Fund study released this week, that looked at consumer savings under Obamacare's 80-20 rule, the rule making insurance companies spend at least 80% of your premiums on health care, not overhead. The authors...