Submitted by Carmen Balber on Sun, 02/12/2017 - 17:51
“Hocus pocus.” “Smoke and mirrors.”
These words appeared late Friday afternoon in a published decision of the California Court of Appeal in Sacramento describing the insurance industry’s latest failed attack on the consumer protections of insurance reform Proposition 103.
The Court upheld Prop 103 rules that prevent insurance companies from earning excessive profits and prohibit them from passing on excessive costs – like sports sponsorships – to consumers.
In fact, Anthem and Cigna’s executives could not provide any concrete examples of how the Anthem-Cigna merger would benefit consumers at the four-hour hearing into the merger I attended at the Department of Insurance.
Submitted by Eddie Barrera on Wed, 01/06/2016 - 08:42
Since 2012, health insurance companies have imposed more than $300 million in rate hikes deemed by the California regulators to be excessive and unjustified. In addition to these actual higher premiums, shrinking physician networks, fewer benefits, increasing out-of-network charges and soaring deductibles have become the hidden premium hike for health insurance that an increasing number of consumers simply can't afford.
Submitted by Eddie Barrera on Sun, 12/13/2015 - 09:25
Let's hope that the state's Department of Managed Health Care (DMHC) is tougher on Centene and Health Net and their proposed merger than it was at a recent public meeting.
In a letter sent to the DMHC, Consumer Watchdog urged the agency to prohibit Centene from shuttering any of Health Net's commercial plans, require it to upgrade any physician network issues and prevent executives from removing any reserves from California to pay for lavish compensation packages related to the deal.