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News Release
8/6/2014
Posted by Carmen Balber
Santa Monica, CA – Proposition 45 is projected to bring up to $1 billion per year – $612 per family – in savings to California consumers reeling from years of devastating health care premium increases, according to a new analysis released by Consumer Watchdog today. Click here to read the Prop 45 savings analysis. “...
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 Story
4/7/2014
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...
News Story
2/19/2014
Posted by Mark Reback
WASHINGTON -- Advocates and opponents of California's Proposition 103 are debating whether it has helped consumers 25 years after its passage. Some say the debate is being used to sway voters who will determine whether measures similar to Proposition 103 should be applied to health insurance in the state this fall. Passed in 1988, the...
News Release
7/25/2013
Posted by Mark Reback
Washington DC -- Health insurance giant WellPoint today announced a 24% profit increase in the 2nd quarter of 2013, as compared to last year, and the company's stock hit an all-time high of $90 per share on Wednesday. WellPoint reported it earned $800.1 million, or $2.64 per share, in the three months that ended June 30th, which is up about 24...
News Story
6/13/2013
Posted by Daniel Palay
A consumer advocacy group is criticizing premium rates in California's health insurance exchange for being too high, the Los Angeles Times reports (Terhune [1], Los Angeles Times, 6/12). Background The exchange -- named Covered California -- primarily will serve individuals and small businesses. Supporters hope the exchange will function...
News Story
6/12/2013
Posted by Daniel Palay
President Obama singled out California last week for getting better-than-expected rates in its rollout of the health insurance overhaul for millions of consumers. Yet some Obamacare supporters say those premiums are still too high, and they are continuing to push for a California ballot measure to regulate health insurance rates. Last month,...
News Story
5/24/2013
Posted by Daniel Palay
California's newly created health exchange announced the bottom line on its insurance policies and rates Thursday, bringing sharper focus to family impacts of next year's health care overhaul. Thirteen companies were selected to sell policies for the individual market through Covered California, a state-owned marketplace for comparing...
News Release
5/23/2013
Posted by Daniel Palay
Santa Monica, CA -- Consumer Watchdog responded today to the news that the state’s three largest health insurance companies -- Blue Cross, Blue Shield and Kaiser -- would continue to dominate the health insurance market in the California health exchange with concerns that patients will continue to pay excessive premiums because of decreased...
News Story
11/28/2012
Posted by Daniel Palay
CALIFORNIA — More than 500,000 Californians with Anthem Blue Cross are facing a big rate hike. The state's biggest for-profit health insurer wants to raise premiums an average of 18 percent in February. The proposed rate hikes will affect people who have individual policies with Anthem Blue Cross. Some will see their premiums go up by...