Navigation Links
Anthem Blue Cross's Announcement That It Will Temporarily Suspend a 39% Health Insurance Rate Increase Should Not Deter Immediate Legislative Action

LOS ANGELES, Feb. 13 /PRNewswire-USNewswire/ -- The following statement is being issued today by Consumer Watchdog -- Anthem Blue Cross's announcement today that it will temporarily suspend a premium increase of up to 39% or more should not deter the California Legislature from taking immediate action to regulate health insurance premium increases, said Consumer Watchdog.

Other California health insurers -- including Blue Shield of California and PacifiCare -- have already announced similar increases.  Existing law is inadequate to restrain health insurers from issuing excessive rate increases.

"Blue Cross customers know after years of double-digit rate increases that the company's voluntary withdrawal of the rate increase can't be trusted," said Jerry Flanagan, Health Care Policy Director for Consumer Watchdog.  "The legislature should step in immediately to require all California health insurers to get permission from the Insurance Commissioner before rates are increased."

Consumer Watchdog, which pioneered the most successful auto insurance premium regulation law in the nation, Prop 103, said that strong "prior approval" regulation, requiring full disclosure and regulatory assent before rate hikes go into effect, should be extended to health insurers. Such regulation has saved drivers in California $62 billion on auto insurance rates since 1988, and similar savings would be expected for health insurance rates. For more information about prior approval regulation, go to:

Assembly Member Dave Jones (D-Sacramento) has announced plans to introduce legislation to apply Prop 103-styled "prior approval" regulation to health insurance rates.

Anthem Blue Cross is the current focus of anger at insurers, drawing protests from the federal Department of Health and Human Services, from President Obama himself and the state Insurance Commissioner. But it is not an isolated incident. Small businesses nationwide received notice of 15% to 20% premium increases last fall from multiple insurers, and this year's jump in individual Blue Cross policies follows outsized increases last year. At the same time, the parent company of Anthem Blue Cross lost nearly 4% of its customers in 2009, while posting profits significantly above 2008 levels.

Consumer Watchdog is a nonpartisan consumer advocacy organization with offices in Washington, D.C. and Santa Monica, CA. Find us on the web at:

SOURCE Consumer Watchdog



SOURCE Consumer Watchdog
Copyright©2010 PR Newswire.
All rights reserved

Related medicine news :

1. BlueCare(R) Family Plan, a HUSKY Health Plan from Anthem Blue Cross and Blue Shield in Connecticut, Raises Awareness, Funds and Diapers for New Haven Diaper Bank
2. Anthem Blue Cross and Blue Shield Partnership Plan Wins Nevada Immunization Award
3. Anthem Blue Cross and Blue Shield in Virginia Introduces New Generation of Consumer Driven Health Products
4. Anthem Blue Cross and Blue Shield in Kentucky Announces the Availability of New Health Plans for Medicare Beneficiaries
5. Anthem Introduces New Insurance Options for Small Business
6. American Idol Star Elliott Yamin and Music Legend Gloria Gaynor To Perform at AnthemLIVE!
7. Anthem Blue Cross and Blue Shield in Indiana Releases State Health Index
8. Anthem Blue Cross and Blue Shield in Kentucky Announces Release of State Health Index
9. Anthem Blue Cross and Blue Shield Foundation and Plan Associates Pledge More Than $880,000 to Community Organizations in 2008
10. Anthem Blue Cross and Blue Shield Foundation and Plan Associates Pledge $2.2 Million to Community Organizations in 2008
11. Anthem Blue Cross and Blue Shield Celebrates Local Moms-to-Be at Community Baby Shower
Post Your Comments:
(Date:6/27/2016)... ... June 27, 2016 , ... "FCPX editors can now ... of Final Cut Pro X," said Christina Austin - CEO of Pixel Film Studios. ... Final Cut Pro X users can now reveal the media of their split ...
(Date:6/27/2016)... ... 27, 2016 , ... A revolution is underway. Brooklyn-based ... experience for the millions of people who require these medical transport services annually. ... through the use of technology. Now, SmartEMS has put forth an industry-changing app ...
(Date:6/26/2016)... , ... June 26, 2016 , ... On June 10-11, ... of the 2016 Cereal Festival and World’s Longest Breakfast Table in Battle Creek, MI, ... the city’s history as home to some of the world’s leading providers of cereal ...
(Date:6/26/2016)... ... June 26, 2016 , ... Brent Kasmer, a legally blind and certified personal trainer ... through a fitness app. The fitness app plans to fix the two major problems leading ... a one size fits all type program , They don’t eliminate all the ...
(Date:6/25/2016)... ... , ... Austin residents seeking Mohs surgery services, can now turn to Dr. ... Russell Peckham for medical and surgical dermatology. , Dr. Dorsey brings specialization to include ... in Mohs Micrographic Surgery completed by Dr. Dorsey was under the direction of Glenn ...
Breaking Medicine News(10 mins):
(Date:6/24/2016)... Mass. , June 24, 2016   Pulmatrix, ... pharmaceutical company developing innovative inhaled drugs, announced today that ... Russell Investments reconstituted its comprehensive set of ... "This is an important milestone for Pulmatrix," ... will increase shareholder awareness of our progress in developing ...
(Date:6/23/2016)... Calif. , June 23, 2016 Any dentist ... many challenges of the current process. Many of them do ... of the technical difficulties and high laboratory costs involved. And ... to offer it at such a high cost that the ... it. Dr. Parsa Zadeh , founder of ...
(Date:6/23/2016)... ANGELES , June 23, 2016 ... CAPR ), a biotechnology company focused ... therapeutics, today announced that patient enrollment in its ... in Duchenne) has exceeded 50% of its 24-patient ... enrollment in the third quarter of 2016, and ...
Breaking Medicine Technology: