Home › Blue Shield

Blue Shield

News Story
5/24/2012
Posted by Consumer Watchdog Campaign
Bruce Bodaken, the longtime head of the nonprofit, supported universal healthcare Blue Shield of California's longtime chairman and chief executive, Bruce Bodaken, will retire at year's end, punctuating a career marked by praise for his early support of universal health coverage and criticism of his company's repeated rate hikes....
Blog Post
5/23/2012
Posted by Consumer Watchdog Campaign
The long time CEO of Blue Shield Bruce Bodaken resigned today after a multi-year battle with us over disclosure of his $4.6 million annual salary and unreasonable premium hikes. During his tenure, Bodaken oversaw a health insurance company that has raised rates by tens of millions of dollars while stockpiling $3.2 billion more in “reserves...
News Release
5/23/2012
Posted by Consumer Watchdog Campaign
Santa Monica, CA -- The announcement that Blue Shield CEO Bruce Bodaken will retire at the end of this year comes as insurance companies face the prospect of new rules to curb health insurance company excesses, said Consumer Watchdog. The group has sharply criticized Bodaken for keeping his CEO pay -- which reached $4.6 million in 2010 -- secret...
News Story
3/31/2012
Posted by Consumer Watchdog Campaign
More than a million California small-business owners and individual policyholders face a wave of health insurance premium increases in the coming months that range from single digits to as high as 20 percent. Starting Sunday, about 101,000 Anthem Blue Cross small-group customers will see their premiums go up an average of 13.8 percent but as high...
News Story
3/15/2012
Posted by Consumer Watchdog Campaign
Prepared To Do Battle Against Premium Regulation California's provider and payer communities lined up this week against a proposed ballot measure for the November election that would provide the California Insurance Commissioner new powers to regulate health insurance premiums. The California Medical Association, California Hospital...
News Story
3/13/2012
Posted by Consumer Watchdog Campaign
A coalition of insurers, doctors and hospitals opposes a proposed initiative. California's doctors, hospitals and insurance companies have launched a united campaign against a proposed ballot measure seeking tighter regulation of health insurance rates, and proponents returned fire. The proposed ballot initiative seeks to give the California...
News Story
3/12/2012
Posted by Consumer Watchdog Campaign
An impressive array of trade groups representing business owners, doctors, hospitals, health plans and health insurers launched a campaign Monday to oppose a health insurance rate regulation initiative proposed for the November ballot. Major funding for the effort comes from the four largest health insurers in the state: Anthem Blue Cross, Kaiser...
News Story
3/2/2012
Posted by Consumer Watchdog Campaign
If my family's small local business was a health insurance company, we could double prices during a deep recession while amassing a fortune in invested savings. Woohoo! As the customer base fell, we'd just jack up prices again. It's a laughably impossible model for almost any business. But not for Blue Cross, Blue Shield and their ilk...
News Release
2/29/2012
Posted by Consumer Watchdog Campaign
Santa Monica, CA – Blue Shield has $3.1 billion in excess surplus, 1400% more than the state requires, yet still plans to raise rates up to 14.8% for 320,000 California patients on March 1st. Repeated rate hikes in the face of massive company surpluses at the same time that inflation slows show the need for a ballot initiative to prevent...
News Story
2/26/2012
Posted by Consumer Watchdog Campaign
Consumer advocates and labor unions are looking to tap into Californians' anxiety over health care costs with ballot measures targeting insurance companies and hospitals. Signature gatherers are out now trying to qualify three initiatives for the November ballot. Two of them are being pushed by a union that represents health care workers. But...