By Christopher Cadelago, SACRAMENTO BEE
As state insurance commissioner, Dave Jones has the power to regulate rates for car and homeowner insurance. He can halt an insurer’s proposed increase if the company can’t justify the higher cost.
Health insurance is another matter.
The former Democratic lawmaker has spent years working to give elected commissioners regulatory authority over health insurance rates. He’s asking...
By Kathy Robertson, SACRAMENTO BUSINESS JOURNAL
In a pre-emptive strike against what are expected to be lower-than-expected health plan rates for 2015, California Insurance Commissioner Dave Jones took to the bully pulpit Tuesday to rail against rate hikes in 2014 as well as rally support for a rate regulation initiative on the November ballot.
Average rate increases this year were between 22 and 88 percent, after considering variation for...
By Susan Abram, LOS ANGELES DAILY NEWS
Nearly 500,000 consumers across California will receive a piece of a $12 million refund from health insurance companies this summer as part of a provision under the Affordable Care Act, the U.S. Department of Health and Human Services said Thursday.
Called the 80/20 rule or Medical Loss Ratio Rule the provision requires insurance companies to spend at least 80 percent of premium dollars on...
By Shannon Barr, SAN DIEGO NEWS ROOM
Campaign funds are rising for those supporting and opposing Proposition 45, the "Insurance Companies Required to Justify Their Rates to the Public Initiative." This proposition allows the insurance commissioner -- currently Dave Jones -- to regulate health care insurance premiums. It will be on the November 4 ballot.
As of July 11, $37,303,550 has been raised for the opposing side's...
By Jeffrey Young, HUFFINGTON POST
No law has done more to reform health insurance and protect consumers against the industry's most heinous practices than the Affordable Care Act. But Obamacare didn't magically transform insurers into benevolent entities solely devoted to taking care of sick people.
Health insurance companies, even those that are not-for-profit, have to collect more money in premiums than they shell out...
By David Siders, SACRAMENTO BEE - CAPITOL ALERT
Following heavy lobbying from both sides, the California Democratic Party’s executive board has voted to endorse Proposition 45, a measure to give the state insurance commissioner regulatory power over health insurance rates.
The proposition is one of two causing friction within the Democratic Party, pitting pitting trial lawyers and consumer groups against doctors and hospital groups.
By Staff Writers, CALIFORNIA HEALTHLINE
About $250 million in planned health insurance premium increases in California during a 15-month period that ended in 2013 were excessive, according to a report released Wednesday by Consumer Watchdog, Reuters reports. Consumer Watchdog is supporting a November ballot initiative that would give the state regulatory authority over health insurance rates.
Details of Report
For its analysis,...
By Kenny Goldberg, KPBS Public Radio San Diego, CA
Click here to listen to the audio of this radio news broadcast.
Covered California officials are raising concerns about Proposition 45, a November ballot measure that would regulate the price of health insurance.
The measure would allow the state insurance commissioner to reject health insurance price increases found to be unreasonable.
Covered California officials question...
By Christopher Cadelago, SACRAMENTO BEE
California’s health insurance exchange, the agency responsible for administering the federal health care law, does not provide official email addresses to members of its governing board.
So it became an issue last month when a consumer group requested from the exchange a long list of public records, including any communications between agency officials and health insurance companies....
By Sharon Berstein, REUTERS
SACRAMENTO Calif. (Reuters) - Californians paid a quarter of a billion dollars in health insurance premiums during a 15-month period ended last year that were deemed excessive by state regulators, a consumer group said Wednesday.
Santa Monica-based Consumer Watchdog, which released the figures on Wednesday, is pushing Proposition 45, a ballot initiative that would give regulators the power to...