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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
8/4/2014
Posted by Jamie Court
SANTA MONICA, CA – Six health insurance companies financing the No on Proposition 45 committee have donated $37.3 million through June 30, 2014 against the ballot measure to regulate health insurance rates in California, according to campaign finance reports filed recently with the Secretary of State. This is more than three times the $12...
News Release
7/31/2014
Posted by Jamie Court
Santa Monica, CA – Consumer Watchdog Campaign said that the smaller than usual rate hikes announced by Covered California today are good news for consumers and resulted in part from the presence of Proposition 45 on the ballot, which would require health insurance companies to get state approval before raising rates as they must in 35 other...
News Release
7/30/2014
Posted by Jamie Court
Santa Monica, CA --- The Proposition 45 campaign today said that WellPoint’s massive $731.1 million second quarter profit underscores the need for Proposition 45’s protections against health insurance price gouging. The profit report comes a day after the California Insurance Commissioner reported steep health insurance rate hikes for...
News Release
4/23/2014
Posted by Jamie Court
SANTA MONICA, CA –Health insurance giants Kaiser, Blue Shield, Wellpoint/Anthem Blue Cross, Health Net, United Health and the California Association of Health Plans have now given over $25 million of policyholder money, including nearly $12 million this month, to the campaign against a November 2014 ballot measure that will prevent...
News Story
4/21/2014
Posted by Mark Reback
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...
News Story
4/16/2014
Posted by Mark Reback
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...
News Story
4/7/2014
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...
News Release
3/26/2014
Posted by Carmen Balber
SANTA MONICA, CA – Health insurance giant WellPoint this week threatened “double-digit plus” rate hikes next year, but won’t get away with unjustified increases if voters approve a California ballot measure to increase health insurance rate transparency and accountability this November, said Consumer Watchdog Campaign....
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...