Posts Tagged ‘California rate increases’
Aetna Rate Hike Deemed “Excessive” by Jones
Aetna's new rate increases, which average 1.8 percent, were deemed excessive by California Insurance Commissioner Dave Jones. Aetna, however, has disputed this claim and will be the first major insurer to proceed with the increase after receiving such a label by the department. Under legislation that was passed in January of 2011, the state [...]
Battle Over Health Insurance Rates
Californians Against Higher Health Care Costs, a Studio City based organization, declared a fight against a ballot initiative being pushed by Santa Monica based Consumer Watchdog, a proponent the Insurance Rate Public Justification and Accountability Act . The act would require health insurance companies to justify rate hikes and get approval [...]
Health Care Industry is Single Largest Lobbying Interest in California
With a total $35.7 million in lobbyist spending in 2011, health care turned out to be the largest lobbying interest of any industry in California. A proposed ballot initiative by consumer advocates would prohibit insurers from passing on lobbying costs to consumers. The ballot measure, proposed by Consumer Watchdog Campaign, would [...]
