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News Release
4/4/2013
Posted by Carmen Balber
Santa Monica, CA – The former CEO of Wellpoint, Angela Braly, was paid $20 million after resigning under pressure last year, news that broke the day after the insurer’s California subsidiary, Anthem Blue Cross, was taken to task for raising rates unreasonably for thousands of California small businesses.   The development...
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....
News Story
5/1/2012
Posted by Consumer Watchdog Campaign
Several high-profile business names, such as San Francisco hedge-fund manager Thomas Steyer and agribusiness magnate Stewart Resnick, have contributed to a proposed ballot measure seeking tighter regulation of health insurance rates, according to campaign finance records. These contributions were among $1.5 million in donations reported Monday to...
News Story
4/26/2012
Posted by Consumer Watchdog Campaign
Health insurance giant WellPoint says it was hurt by lower enrollment and rising medical costs. Revenue grew 4% to $15.42 billion in the quarter. Health insurance giant WellPoint Inc. reported an 8% drop in first-quarter profit, hurt by lower enrollment and rising costs. The nation's second-largest health insurer — after UnitedHealth...
News Release
4/26/2012
Posted by Consumer Watchdog Campaign
Santa Monica, CA --- Consumer Watchdog Campaign challenged the Blue Cross parent company CEO’s contention to shareholders yesterday that the California health insurance rate regulation initiative now circulating is not necessary because federal law adequately protects patients by pointing to the 1 million Californians facing rate hikes on...
News Story
4/23/2012
Posted by Consumer Watchdog Campaign
Some attorneys can't afford benefits, enroll with spouse instead. As the U.S. Supreme Court prepares to release its decision next month on the constitutionality of the Obama administration's Affordable Health Care for America Act, the state is waging its own battle to rein in rates. In the midst of the fray are small law firms and sole...
News Release
4/20/2012
Posted by Consumer Watchdog Campaign
Santa Monica -- UnitedHealth Group, which runs the fifth-largest health insurance company in California, reported $1.39 billion in profits in the first quarter of 2011, a 3% increase over last year, as it raises premiums on 84,000 Californians with small business coverage as much as 17% on May 1st. The insurance company is funding the fight...
News Release
4/19/2012
Posted by Consumer Watchdog Campaign
Santa Monica, CA – A new analysis at followthemoney.org finds that health insurance companies gave $11.6 million in campaign cash to California politicians, including $7.4 million to candidates for the California legislature, between 2000 and 2010. The largest health insurance donor in California over the last decade was...
News Story
4/17/2012
Posted by Consumer Watchdog Campaign
It takes a certain amount of chutzpah to name a group that opposes government oversight of health  insurance premiums "Californians Against Higher Healthcare Costs." Especially when the group includes the trade associations for doctors and hospitals, two sets of Californians who've contributed mightily to the high cost of...
News Story
4/14/2012
Posted by Consumer Watchdog Campaign
Initiative would regulate health care To the woman who spends as much as $1,000 in a month on medical care and argues she saves money by not having insurance, the proposal makes sense. Force health insurance companies to gain government approval before they impose rate hikes on individuals or employers. "While they're at it, they can hit...