Insurance

Consumer Watchdog’s Prop 103 Challenges Bring $227 Million in Insurance Rate Savings

Submitted by Mark Reback on Thu, 01/11/2018 - 00:00

Nonprofit Saves Public $3.4 Billion Over Last 15 Years But Sees Insurance Industry Attack
 
Consumer Watchdog’s challenges filed under Proposition 103 to proposed auto, home and business insurance rate increases saved consumers $227.4 million in 2017, the nonprofit, nonpartisan public interest group said today.
 
Since 2003, the group’s challenges in rate proceedings before the Department of Insurance have saved consumers a total of $3.4 billion. Savings have averaged a little more than a quarter of a billion dollars – $227 million – per year.
 

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Court Rejects Insurance Industry Sleight-of-Hand

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.
 

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One Chance for CA Regulators to End Outrageous Aetna Premium Hikes

Submitted by Eddie Barrera on Mon, 01/11/2016 - 11:45
California health plan regulators have a rare opportunity to protect consumers from excessive and unjustified premium hikes by one of the worst offenders in the state. But will they use that power? 
 

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Will State Agency Protect CA Consumers in Centene/Health Net Merger?

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. 

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With Blue Shield, It's Always Best to Get It On the Dotted Line

Submitted by Eddie Barrera on Thu, 11/19/2015 - 11:23

If you reneged on a multi-million dollar promise to the state, the full weight of government would come crashing down on your head. But that's not what happening to Blue Shield.  

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Capitol Watchdog: Meetings to Watch This Week

Submitted by Eddie Barrera on Mon, 11/16/2015 - 08:23

In this week's meeting, from Nov. 16 - 20, the state's insurance department will be hearing a dispute over a rate increase by State Farm that Consumer Watchdog believes is unfair and overcharging customers by more than $200 million. In addition, the Public Utilities Commission was expected to decide if the Southern California Edison should be financially penalized over alleged improper communications tied to the San Onofre Nuclear power plant decommissioning. 

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