Blue Shield Defends Rate Increase

California’s insurance commissioner is calling out Blue Shield of America for double-digit rate hikes against some policy holders. Commissioner Dave Jones is frustrated that ... Continue Reading →

Blue Shield and Aetna Raise Healthcare Rates Over State Objections

Despite objections from regulators, health insurers Blue Shield of California and Aetna Inc. are proceeding with double-digit rate increases that state officials said were unreasonable. Officials ... Continue Reading →

Prudential Says Annuity Fees Would Make Bankers Dance

Prudential Financial Inc. (PRU), the top seller of variable annuities, said Wall Street should appreciate the fees the life insurer makes on the retirement products, even as some competitors ... Continue Reading →

CA Lawmakers Moving Forward With New Health Rules

California lawmakers have taken their first step toward passing new consumer protections under the federal health care overhaul, such as guaranteeing coverage even with pre-existing ... Continue Reading →

Healthcare Overhaul Could Threaten California’s Safety Net

Millions of uninsured Californians will gain medical coverage under the national healthcare overhaul beginning in January. An estimated 3 million to 4 million Californians — about ... Continue Reading →

New Health Care Bills Introduced

One source of funding for pediatric trauma care could get a boost from a new bill being introduced in the state Senate, according to the author of SB 191, Sen. Alex Padilla (D-Pacoima). “Pediatric ... Continue Reading →

Darrell Steinberg Pushes for Mental Health Care Funding

California Senate President Pro Tempore Darrell Steinberg (D-Sacramento) is advocating for increased funding for mental health care services nationwide. In the wake of a December 2012 ... Continue Reading →

Health Reform Benchmarks Linked to FQHCs

Federally qualified health centers (FQHCs) already have shown some of the results pursued by the Affordable Care Act, according to a study released this week by the California Primary ... Continue Reading →

DOL Slams ING Life and Annuity With $5.2M Fine

The Department of Labor announced Monday that it had reached a settlement agreement with ING Life Insurance and Annuity Co. (ILIAC) that provides for a $5.2 million payment to certain ... Continue Reading →

New Annuity Guarantees Raise Questions

The latest products from insurers are less expensive. But regulators—and consumers—remain wary. With millions of baby boomers headed to retirement without old-fashioned pension ... Continue Reading →