Navigation Links
Blue Cross Claim That 39% Premium Hikes Due Only to 'Escalating Cost of Health Care' Trigger Calls for Regulation of Rates
Date:2/9/2010

Consumer Watchdog Also Warns Against Insurer-favored 'Cost Solution': Selling Policies That Amount To 'A Cardboard Box to Replace Our Apartment"

WASHINGTON, Feb. 9 /PRNewswire-USNewswire/ -- Blue Cross has opened an opportunity for lawmakers and regulators with its premium hikes of up to 39% in California, said Consumer Watchdog. In the face of questions from the White House and an investigation by California's insurance commissioner, federal and state lawmakers should act to regulate health insurance premiums and force insurers to defend every increase.

In recent letters to policyholders announcing yearly premium hikes of up to 39% and perhaps higher, Anthem Blue Cross of California says it is "necessary to adjust our rates to cover the escalating cost of health care." Consumer Watchdog, noting that a 39% increase is 1,500% above the rate of consumer inflation, said the insurer was simply gouging policyholders to raise profits in the face of a sinking customer base.

"Insurers are reaping profits like it's 2007 while their policyholders continue to lose income, savings and security," said Jerry Flanagan, health policy director of Consumer Watchdog. "The companies need to be brought under control, but instead they are lobbying to be allowed to sell so-called national policies that cut benefits and evade state regulation. That's like offering to rent us a cardboard box when we can no longer afford an apartment."

The California Blue Cross unit 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 n
'/>"/>

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

Page: 1 2 3

Related medicine news :

1. Breast cancer prevention practices vary across Canada
2. S.C. BlueCross Creates Corporate Planning Unit, Promotes Davis to Vice President
3. S.C. BlueCross to Integrate Care Management with Personal Health Record in Real Time
4. 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
5. Blue Cross Blue Shield of Michigan Corrects News Story about Drug Coverage Announcement
6. Independence Blue Cross Makes Music for Members Ears
7. Hundreds of RNs from Across U.S. and World to Join California Nurses Association/NNOC National Convention
8. Sean P. McLaughlin Joins Red Cross as Chief of Operations Support
9. Harvard Researchers Select S.C. BlueCross for National Honor
10. Highmark Blue Cross Blue Shield Introduces New Health Plan Comparison Tool for Consumers
11. Blue Cross and Blue Shield Initiatives Recognized for Increasing Patient Safety and Efficiency
Post Your Comments:
*Name:
*Comment:
*Email:
(Date:12/25/2014)... iFitDress.com, the popular online supplier of wedding dresses and special ... black one-shoulder cocktail dresses . In addition, all these ... discounted prices, up to 70% off. , The ... only. You know, we have thousands of frequent callers in ... items can visit our website for more details. The current ...
(Date:12/25/2014)... BambooFlooringChina.com sells many bamboo products and the ... the company announces big discounts on its bamboo ... , BambooFlooringChina.com is the world’s leader in bamboo flooring. ... until Jan. 20, 2015. , The bamboo mats are ... natural thread. All the bamboo strips for the mats ...
(Date:12/25/2014)... HealthDay Reporter WEDNESDAY, Dec. 24, ... illnesses can receive effective, less expensive care from a clinic ... a team of dedicated health care professionals, a new study ... and need either hospitalization or a trip to the emergency ... clinic at the University of Texas in Houston versus usual ...
(Date:12/25/2014)... By Dennis Thompson ... -- Researchers could be closing in on a "fountain of ... improve the health of older adults, a new study suggests. ... when given a drug that targets a genetic signaling pathway ... maker Novartis report. The experimental medication, a ...
(Date:12/25/2014)... (PRWEB) December 25, 2014 Plugin creators ... ProFire 5k. A fully customizable business presentation tool made ... “Adding the ProFire 5k business tool, users can now ... Austin, CEO of Pixel Film Studios. “ProFire 5k gives ... style to add professionalism to a presentation” , Pixel ...
Breaking Medicine News(10 mins):Health News:iFitDress.com: Black One-Shoulder Cocktail Dresses for 2015 2Health News:Various Styles of Bamboo Mats in Many Colors from BambooFlooringChina.com 2Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 2Health News:Coordinated Care Through 'Medical Home' Best for Chronically Ill Kids: Study 3Health News:Researchers Take 'First Baby Step' Toward Anti-Aging Drug 2Health News:Researchers Take 'First Baby Step' Toward Anti-Aging Drug 3Health News:Announcing a new ProFire 5k plugin from Pixel Film Studios for Final Cut Pro X Professionals 2
... Housing NYC,s Homeless & Mentally IllNEW YORK, April 29 ... shed light on it, philanthropic-minded New Yorkers will raise ... the mentally ill and physically disabled. As federal ... health services in the current economy, supporters will raise ...
... In a press release issued by the PEW ... that they have issued a letter to the Food ... the potential environmental threats related to the discharge of ... the human health risk allegedly resulting from the medical ...
... efforts and dedication of Santa Clarita County. Dr. Khanna newest procedure ... ... (Vocus) April 29, 2009 -- Recently, The Khanna Institute ... several surgeries, educational books, autographed t-shirts and various merchandise. This is ...
... Inc. is participating in the 2009 American College of Physicians, EHR ... and realize positive clinical and financial impacts. , ... ... Inc. is participating in the 2009 American College of Physicians, ...
... and productivity, announced today that Emergency Consultants, Inc. (ECI), a ... to the LearnCenter platform to offer Continuing Medical Education (CME) ... ... (PRWEB) April 29, 2009 -- Learn.com ®, ...
... Minn., April 29 Minnesota, which has long scored well ... Report, earning mostly solid "A" and "B" grades for air ... scored, fared much more poorly in this year,s report. ... pollution, enacted last year.Three counties, Anoka, Mille Lacs and Wright, ...
Cached Medicine News:Health News:Weston United Celebrates Mental Health Month on May 19th 2Health News:Salmon of the America's Responds to PEW Environmental Group 2Health News:Dr. Khanna Supports a Taste of Town in Santa Clarita 2Health News:Prime Clinical Systems Participating in American College of Physician's EHR Partners Program 2Health News:Prime Clinical Systems Participating in American College of Physician's EHR Partners Program 3Health News:Emergency Consultants Inc. switches to Learn.com to deliver Continuing Medical Education (CME) courses to physicians 2Health News:Emergency Consultants Inc. switches to Learn.com to deliver Continuing Medical Education (CME) courses to physicians 3
(Date:12/24/2014)... /CNW/ -   The ... Canada tests confirmed it contains two undeclared amphetamine-like drug ... The distributor, Empire Health Distribution of Terrebonne, ... stores across Canada .  Jetfuel Superburn ... loss and increased energy. What consumers ...
(Date:12/24/2014)...  Actavis plc (NYSE: ACT ) ... complete response letter from the U.S. Food and ... (NDA) for the fixed-dose combination (FDC) of nebivolol ... Photo - http://photos.prnewswire.com/prnh/20130124/NY47381LOGO ... of a complete response letter, Actavis remains committed ...
(Date:12/24/2014)... Dec. 24, 2014 /PRNewswire/  -- Tianyin Pharmaceutical Inc. ... company that specializes in the patented biopharmaceutical, modernized ... pharmaceutical ingredients (API) released unaudited preliminary financial results ... Fiscal Year 2015 Ended September 30, ... million compared with $14.7 million in 1Q14 with ...
Breaking Medicine Technology:"Jetfuel Superburn" recalled after Health Canada tests find undeclared drug ingredients 2Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 2Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 3Actavis Confirms Complete Response Letter for Nebivolol/Valsartan Fixed-Dose Combination for Hypertension 4TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 2TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 3TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 4TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 5TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 6TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 7TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 8TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 9TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 10TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 11TPI Presents Unaudited Preliminary First Quarter Fiscal Year 2015 Financial Results 12
... Sciences International, Inc. (Nasdaq: BDSI ) announced ... the efficacy and safety of BEMA Buprenorphine for the ... schedule, with over half of the needed subjects enrolled. ... very pleased with the enrollment to date for this ...
... Inc. (Nasdaq: CPIX ) announced today that ... on Tuesday, March 8, 2011.  A conference call and live ... at 5:00 p.m. Eastern Time to discuss the results. ... U.S. callers) or 253-237-1032 (for international callers).  A rebroadcast of ...
Cached Medicine Technology:BioDelivery Sciences Announces BEMA Buprenorphine Phase 3 Chronic Pain Study More Than 50% Recruited and on Schedule 2BioDelivery Sciences Announces BEMA Buprenorphine Phase 3 Chronic Pain Study More Than 50% Recruited and on Schedule 3