Aetna is ending the year just like it started, with state regulators saying the insurance company has hiked premiums excessively, and there is nothing they can do about it.
San Gabriel Valley Democrat Ed Hernandez might have opened a committee to raise money for a lieutenant governor campaign in 2018, but it's more likely that the state senator runs for Insurance Commissioner. By mid-April, ten candidates had opened committees to run for lieutenant governor in 2018, five Republicans and five Democrats.
Anthem Blue Cross has, once again, failed to justify a rate increase on consumers, overcharging policyholders $33 million that California’s Insurance Commissioner should have the power to reject.
National radio host Norman Goldman and Consumer Watchdog President Jamie Court discuss the Sacramento Superior Court decision to reject an attack by Mercury and other insurance companies on state regulations that prevent insurance companies from making their policyholders pay for non-insurance expenses like political lobbying and sporting event sponsorships.
The nonpartisan, nonprofit public interest group also rejected insurance industry arguments that California Proposition 103’s consumer protections would not be necessary as vehicles become automated.