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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
8/1/2014
Posted by Mark Reback
-Negotiations with healthcare providers yield a modest 4.2% increase in Covered California rates for 2015 - We have changed the trend in healthcare costs,' says Covered California head -2015 Obamacare rates for Californians will rise 4.2% on average Defying an industry trend of double-digit rate hikes, California officials said the more than 1...
News Story
8/1/2014
Posted by Mark Reback
On Thursday, Covered California officials announced that the average premium for health plans offered on the exchange will increase an average of 4.2% for the coming year, the Sacramento Bee reports (Cadelago, Sacramento Bee, 7/31). Covered California is the state's health insurance exchange, created under the Affordable Care Act. The rates...
News Story
7/31/2014
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment (Scroll down). Officials with Covered California, the state’s Obamacare marketplace, say premiums will go up an average 4.2 percent statewide in 2015 for the 1.4 million Californians currently enrolled in insurance through the exchange. Peter Lee, executive director of the...
News Story
7/31/2014
Posted by Mark Reback
California’s health insurance exchange officials announced Thursday that the average premium will increase an average 4.2 percent for the coming year, touting the lower-than-usual figure as evidence that the federal health care overhaul is making coverage affordable for millions of residents. Covered California tentatively chose 10 health...
News Story
5/28/2014
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast.   Democrat Dave Jones is running for re-election as California Insurance Commissioner. His opponents are Republican State Senator Ted Gaines and Peace and Freedom candidate Nathalie Hrizi. There's not much interest in next week's primary, but there's a lot at stake for...
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
3/24/2014
Posted by Mark Reback
Click here to listen to the audio of this radio broadcast segment. Under Obamacare, almost everybody has to have health insurance by next Monday or pay a penalty. For those who aren't covered by their employers or aren't poor enough to qualify for a federal subsidy, rates are 53% higher than they were last year. People who kept their old...
News Story
11/27/2013
Posted by Mark Reback
CMS insurance chief Gary Cohen told stakeholders in a Thursday memo that in order to satisfy the administration's transitional policy on reinstating non-ACA compliant plans in 2014, insurers must inform consumers of their purchasing options using the exact language developed or approved by the agency, or CMS-approved state versions. Meanwhile...