By Staff Writers, CALIFORNIA HEALTHLINE
On Wednesday, California Insurance Commissioner Dave Jones (D) called Anthem Blue Cross' premium increase for small business health plans "excessive," the San Francisco Chronicle reports (Colliver, San Francisco Chronicle, 10/22).
Jones' office can review rate filings, but it does not have the authority to reject them.
By Victoria Colliver, SAN FRANCISCO CHRONICLE
California Insurance Commissioner Dave Jones on Wednesday accused Anthem Blue Cross of imposing “excessive” rate hikes on 120,000 customers covered by the company’s small-business policies.
The announcement gave Jones another opportunity to urge voters less than two weeks before the November general election to vote for...
By Chris Rauber , SAN FRANCISCO BUSINESS TIMES
With Election Day less than two weeks away, Insurance Commissioner Dave Jones blasted Anthem Blue Cross for what he deemed an "unreasonable" rate increase for a small sub-set of its business.
Jones described the 9.8 percent boost in rates for roughly 120,000 small-group enrollees as the fourth consecutive rate increase by the Thousand...
CONTACT Jamie Court & Liza Tucker
Santa Monica, CA— The Department of Insurance today declared Anthem Blue Cross’s 9.8% rate increase on small business “unreasonable,” but has no power to stop the hikes unless Proposition 45 passes.
Proposition 45, which gives the elected insurance commissioner the power to reject excessive rates, is being opposed by $55...
CONTACT Jamie Court & Carmen Balber
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...
CONTACT Jamie Court & Carmen Balber
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...
CONTACT Carmen Balber & Mark Reback
Santa Monica, CA – Anthem Blue Cross and its parent company WellPoint have given $12.9 million to defeat a California ballot initiative that would require health insurance companies to get approval for rate hikes, like the increase of up to 25% Anthem proposes for over 306,000 Californians on April 1. If approved on this November’s...
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...
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...
CONTACT Carmen Balber & Jamie Court
Santa Monica, CA – The former CEO of Wellpoint, Angela Braly, was paid $20 million after resigning under pressure last year, news that broke the day after the insurer’s California subsidiary, Anthem Blue Cross, was taken to task for raising rates unreasonably for thousands of California small businesses.