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Friday April 25th 2014

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‘Legislative Analysis’ Archives

California’s Health Care Spending

California’s Health Care Spending

Healthcare has become the largest single piece of the California economy, well over 10 percent of its $2 trillion output of goods and services -- and destined to grow as the state extends medical insurance coverage to millions of Californians under the federal Affordable Care Act. A new nationwide study finds that as large as it may be, the [...]

Blue Shield Defends Rate Increase

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 there is nothing he can do to stop the rate increases. However, an initiative on the 2014 ballot may give the commissioner veto power. The premium increases are necessitated [...]

Blue Shield and Aetna Raise Healthcare Rates Over State Objections

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 at the California Department of Managed Health Care said increases that average more than 11% for about 47,000 individual and small-business [...]

Prudential Says Annuity Fees Would Make Bankers Dance

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 cut sales to reduce risk. “We’re getting more than 2 percentage points of fees from the assets that are part of our annuity business,” Mark Grier, [...]

CA Lawmakers Moving Forward With New Health Rules

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 conditions. Both houses of the Legislature passed bills Thursday dealing with individual insurance regulations that would prevent insurers from discriminating and [...]

Healthcare Overhaul Could Threaten California’s Safety Net

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 10% of the state's population — could remain uninsured even after the healthcare overhaul law takes full effect. The burden of their care will fall to public [...]

New Health Care Bills Introduced

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 trauma care is still not widely available in California," Padilla said, referring to the 14 pediatric trauma care centers in the state. "SB 191 would [...]

Darrell Steinberg Pushes for Mental Health Care Funding

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 shooting at a Connecticut elementary school, Steinberg announced plans to push for a $10 billion investment in preventing and treating mental health conditions [...]

Health Reform Benchmarks Linked to FQHCs

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 Care Association. The CPCA commissioned researchers to compare high-cost factors, such as hospital stays and emergency department use, as well as total cost of [...]

DOL Slams ING Life and Annuity With $5.2M Fine

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 retirement plan clients adversely affected by ILIAC’s failure to disclose investment gains achieved when the company failed to process requested transactions in a [...]

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