Posted by Mark Reback
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...
Posted by Mark Reback
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...
Posted by Consumer Watchdog Campaign
Santa Monica, CA – Anthem Blue Cross and its parent company WellPoint have given $12.9 million to defeat a California ballot initiative that would require health insurance companies to get approval for rate hikes, like the increase of up to 25% Anthem proposes for over 306,000 Californians on April 1. If approved on this November’s...
Posted by Jamie Court
An analysis just released by California’s health insurance exchange, Covered California, offers the first real insight into the depth of the Obamacare cancellation crisis.
About 450,000 of the 900,000 cancelled California policyholders will see rate hikes, according to the analysis released by Covered California. That’s 50% of...
Posted by Harvey Rosenfield
Regulation of insurance companies, introduced by Proposition 103, could repair a loophole in the Affordable Care Act.
"We didn't do a good enough job in terms of how we crafted the law," an apologetic President Obama said this month, shortly after millions of Americans got notices from their health insurance companies that their...
Posted by Carmen Balber
Santa Monica, CA – Consumer Watchdog today applauded President Obama’s move to delay cancellations of health insurance plans for millions of Americans, one week after the nonprofit group called for a moratorium, but expressed concern that consumers will still face steep rate hikes in January. Consumer Watchdog called on the President...
Posted by Doug Heller
Santa Monica, CA –Anthem Blue Cross is again imposing an unreasonable rate increase on its small business customers, and California Insurance Commissioner Dave Jones announced today that the company will not budge on this excessive rate hike.
Working with an independent actuary, the nonprofit, nonpartisan Consumer Watchdog analyzed the data...