By Christoper Cadelago, SACRAMENTO BEE - CAPITOL ALERT
Good Friday was a good day for opponents of a ballot initiative to regulate health insurance prices.
The coalition of doctors, hospitals and insurance companies last week reported collecting nearly $24 million from Blue Shield of California and Kaiser Foundation Health Plan. Half of the money was listed as loans to the campaign.
The contributions follow more than $13 million in donations from...
By David Gorn, CALIFORNIA HEALTHLINE
Before Californians have a chance to vote in November on a controversial ballot measure to regulate health insurance rate hikes they will be bombarded by advertising and media campaigns on both sides of the issue. Television and print blitzes are expected to begin at the end of June after the Secretary of State assigns numbers to propositions on the statewide ballot.
"The fight doesn't...
By Wendell Potter, HUFFINGTON POST POLITICS BLOG
Executives at health insurance giant WellPoint are predicting they will have to implement "double-digit plus" rate increases next year, demonstrating once again just how politically tone deaf and profit-obsessed they apparently are.
When I read WellPoint CEO Joe Swedish comments in Modern Healthcare that, there will "undoubtedly be remarkable price increases" for health...
By Alison Vekshin, BLOOMBERG BUSINESSWEEK
WellPoint Inc. (WLP:US), the second-largest U.S. health insurer, is leading companies that have poured $13.4 million into defeating a ballot initiative that would give California regulators the power to reject increases in health policy premiums.
WellPoint, based in Indianapolis, gave $12.5 million and its Anthem Blue Cross unit gave $270,000 through April 2 to defeat the measure, according to...
Host: Warren Olney, WHICH WAY LA? KCRW 89.9 FM
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Under Obamacare, almost everybody has to have health insurance by next Monday or pay a penalty. For those who aren't covered by their employers or aren't poor enough to qualify for a federal subsidy, rates are 53% higher than they were last year. People who kept their old policies say they’re not getting what they...
By Thomas Hartman, BEST WIRE
WASHINGTON -- Advocates and opponents of California's Proposition 103 are debating whether it has helped consumers 25 years after its passage. Some say the debate is being used to sway voters who will determine whether measures similar to Proposition 103 should be applied to health insurance in the state this fall.
Passed in 1988, the proposition required a 20% cut in automobile and property...
By Alicia Caramenico, FIERCE HEALTH PAYER
Health insurance companies in California spent $13.8 million to defeat a state ballot initiative that would require them to get approval for rate hikes, according to the non-profit Consumer Watchdog Campaign.
The ballot measure would require insurers to publicly justify rate increases under the penalty of perjury, ban excessive rate hikes, allow the public to challenge unjustified rate hikes and...
By Paul Y. Song, Op-Ed Commentary - DAILY BREEZE
In my 20 years as a practicing oncologist, I have seen way too many of my vulnerable patients fall victim to our current health care system, which has become quite deleterious and very mischievous.
In 2011, there were close to 2.5 million medical-related bankruptcies in the United States. Shockingly, 75 percent of these involved patients who actually had insurance.
Since 2002, the private...
By Amy Lotven, HEALTH EXCHANGE ALERT
CMS insurance chief Gary Cohen told stakeholders in a Thursday memo that in order to satisfy the administration's transitional policy on reinstating non-ACA compliant plans in 2014, insurers must inform consumers of their purchasing options using the exact language developed or approved by the agency, or CMS-approved state versions. Meanwhile, more state regulators have made announcements on...
By Charles Ornstein, PROPUBLICA
During a meeting last week, officials at Covered California, the state’s much-touted health insurance marketplace, made a pretty stark admission: Half of the approximately 1 million consumers whose health plans are being canceled will pay more under the Affordable Care Act.
The numbers, it seems, have been overshadowed by other, more positive headlines. First, the state signed...