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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...
New Study Finds Rate Regulation Needed To Make Health Insurers Pass On To Consumers Administrative Savings Required By Health Reform
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...
Washington, DC – United States Senator and Commerce Committee Chairman John D. Rockefeller has written the president and chief executive of Hyundai Motors America to answer questions about the company’s false “Mile Per Gallon” window sticker...
Consumer Watchdog Campaign: Proposed Anthem Blue Cross Rate Hike Could Mean Refund Checks for Consumers Under Rate Regulation Initiative on 2014 Ballot
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...
Lost in the ongoing election postmortem was this report yesterday from the Congressional Budget Office that a bill being pushed by the insurance industry and its salespeople to eliminate one of the strongest consumer protections in the health reform law would increase...
Prop 33 Goes Down To Defeat; Once Again Mercury Insurance Company and Its Billionaire Chairman Crushed By Voters
Santa Monica, CA – Voters issued the final verdict on the deceptive campaign for Prop 33, financed by Mercury Insurance Chairman George Joseph, that would have given insurance companies the power to charge good drivers more for lapses in coverage. Prop 33 was...
Consumer Watchdog Campaign: Insurance Billionaire Backing Prop 33 Adds $500K As Measure Drops In Polls
Santa Monica, CA -- The insurance billionaire backing Proposition 33 dropped another $500,000 into the campaign on Wednesday as Prop 33 slips in the polls. Mercury Insurance chairman George Joseph redoubled his campaign’s deceptive tactics with new advertisements...
SANTA MONICA, CA -- Proposition 33 would legalize a discriminatory auto insurance pricing scheme and allow insurance companies to raise rates on drivers solely because they had a break in auto insurance coverage. Drivers having financial difficulties in this recession...
Consumer Watchdog Campaign: Consumers and Nurses Challenge The Billionaires Behind Props 32 and 33 To A Public Debate On Ballot Initiatives That Would Give Them Power and Profit
Santa Monica & Oakland, CA – Nurses and consumer advocates challenged Charles Munger Jr. and George Joseph, the two billionaires behind Props 32 and 33, to a public debate on the merits of the ballot measures they have together spent $39 million to promote....
Santa Monica, CA – Consumer Watchdog Campaign today compiled ten of the most compelling reasons Californians should vote NO on Proposition 33, as reported by newspapers and editorial boards across the state. "Consumer and public interest groups are being...