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News Release
8/14/2014
Posted by Carmen Balber
SANTA MONICA, CA – Kaiser’s announcement of a 40 percent increase in profits to $2.1 billion for the first half of this year is the latest in a string of hefty health insurer profit reports that illustrate why Proposition 45’s protections against price gouging are desperately needed, said Consumer Watchdog today. Proposition 45...
News Release
8/11/2014
Posted by Jamie Court
Santa Monica, CA – The report of HealthNet’s $120.9 million second quarter profit, which is 4 times its 2013 second quarter profit, is yet another reminder, amid a slew of massive health insurer profit reports, of the need for Proposition 45’s protections from health insurer profiteering said Consumer Watchdog Campaign today....
News Story
2/3/2014
Posted by Mark Reback
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...
News Story
1/29/2014
Posted by Mark Reback
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...
News Release
6/12/2012
Posted by Daniel Palay
Santa Monica, CA – Health insurance companies will increase rates as high as 24% in July and August for small business customers with more than one million employees, but state regulators currently have no power to reject those increases that can’t be justified. A pending ballot initiative would require health insurance companies to...
News Release
4/4/2012
Posted by Consumer Watchdog Campaign
Santa Monica, CA -- Four of the largest health insurance companies in California have increased premiums for 1.1 million Californians and small business owners by as much as 20% on April and May 1st according to data filed with state regulators, said Consumer Watchdog Campaign today. The rate increases are the second or third for most...
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...