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News Story
2/3/2014
By Alicia Caramenico, FIERCE HEALTH PAYER
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
By Paul Y. Song, Op-Ed Commentary - DAILY BREEZE
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
7/25/2013
CONTACT 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 Release
6/12/2012
CONTACT Carmen Balber & Jamie Court
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...
Blog Post
5/31/2012
Judy Dugan
Thursday's reports that some Californians will get rebates on their health insurance premiums are a little bit of good news--but not nearly as good as it could be.   An L.A. Times story reports that California small businesses and their employees who are insured by United Health Group will get rebates averaging $98 on last year's...
News Release
4/20/2012
CONTACT Carmen Balber & Jamie Court
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
4/4/2012
CONTACT Carmen Balber & Jamie Court
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...