Insurance

Mercury Insurance’s History of Legislative Attacks on Consumer Protections in California

August 24, 2009  ·  Consumer Watchdog

<p> Ever since California voters enacted the landmark insurance reform initiative Proposition 103 in 1988, Mercury Insurance has led a series of efforts to remove its consumer protections. </p>

News Truth: Insurers sing ‘Hallelujah’ for weak health reform

August 24, 2009  ·  Consumer Watchdog

<p> It turns out that all the health reform fear and fury about pulling the plug on Grandma and creeping socialism (or is it Nazism?) will benefit one very elite group: health insurance companies. If the so-called public option stays dead, and government requires Americans to buy insurance, 'reform' will be a huge profit machine. As <a href="http://www.latimes.com/news/nationworld/nation/healthcare/la-na-healthcare-insurers24-2009aug24,0,6925890.story">a great LA Times story</a> reports today: </p>

Co-Opting Public Plans

August 20, 2009  ·  Consumer Watchdog

Consumer Watchdog calls the co-ops "pseudo-reform" that could do far more harm than good if they create loopholes that could gut state consumer protection laws. The consumer advocacy group notes that Sen. Mike Enzi, R-WY, came up with a similar plan in 2006, which would have exempted the co-opts from state consumer protection laws.

New Credit Card Rules Start Thursday

August 20, 2009  ·  Consumer Watchdog

A recent survey of more than 400 credit cards found rates have gone up an average of two percent since last December. ConsumerWatchdog.org, which is tracking all of this, says about one-third of card holders are now paying 20 percent interest. "They're taking advantage of people at a tough point in their lives, when they can't afford to give up their credit cards," said Judy Dugan from ConsumerWatchdog.org. "And saying, 'Well, you can't pay off your balance, you're going to pay a lot more, you're going to pay 17 percent, 22 percent, 28 percent.' And this bill does nothing to change that."

Will Your Health Plan Fully Cover You?

August 20, 2009  ·  Consumer Watchdog

LOS ANGELES, CA -- (KABC) -- You may have health insurance, but it may not cover your when you really need it.  At least one in five people in America are in the same insurance shape as Susan. They don't have adequate insurance and may not know it until it's too late.  According to Jerry Flanagan of Consumer Watchdog, it may not be all the consumer's fault.

Mercury Insurance takes aim at California drivers

August 19, 2009  ·  Consumer Watchdog

<p> In the worst economy in generations, California's 3rd largest auto insurer hopes to fool voters into allowing higher auto premiums. </p>

Healthcare Reform Doesn’t Hinge On Public Insurance Plan

August 19, 2009  ·  Consumer Watchdog

"The public plan was the last hope for keeping private insurers honest," said Jamie Court, president of Consumer Watchdog in Santa Monica. "If I was the White House, I would hope that healthcare reform doesn't pass right now, because it's going to be a disaster."   I can relate to his frustration. I too think that something like a Medicare-for-all program is the most sensible solution for the country's healthcare woes. It may not be a perfect system, but it would be fairer and more effective than what we have now.

Google seeks spinmeisters

August 19, 2009  ·  Consumer Watchdog

Internet giant <a href="http://www.google.com/intl/en/corporate/" target="_blank" rel="noopener">Google</a> is seeking communications personnel to get its story out to the world and counter what it calls negative press.<br/> <br/> According to an ...

Calif. Auto Initiative Funded by Insurer, Called ‘Class Warfare’ by Foe

August 18, 2009  ·  Consumer Watchdog

LOS ANGELES, CA -- A California ballot measure underwritten by Mercury General Corp. would allow insurers to raise or lower automobile insurance premiums based on a driver's coverage history, including the ability to raise rates based on the absence of prior coverage. In practice, Consumer Watchdog claims, consumers who decide not to drive and let their insurance lapse would be penalized against, as would one who files one late payment. The initiative would allow insurers latitude to raise rates after a policyholder files a claim, even when the policyholder is not at fault; this would create a "perverse incentive" to not file claims or report accidents, it said. "Mercury is using the initiative process to go after middle class Californians by allowing insurance companies to raise rates on struggling families in the middle of an economic crisis," Consumer Watchdog Executive Director Doug Heller said in a statement.

Consumer Group Criticizes Co-Op Proposal

August 18, 2009  ·  Consumer Watchdog

Consumer Watchdog today issued a press release criticising Senator Kent Conrad's (D-ND) health insurance cooperative proposal. The consumer group claims that the co-op model is a failed one, largely because co-operatives have failed to generate enough membership in order to negotiate the best rates. In addition, the consumer advocacy group claims that co-ops could be used to reduce the effectiveness of state consumer laws.

Amid Health Debate, Cash Flows To Lawmakers

August 16, 2009  ·  Consumer Watchdog

<p> WASHINGTON, D.C. -- On a recent Wednesday morning, 1,000 insurance brokers spread out across Capitol Hill with a singular mission: kill a proposed government-run health care plan. Insurers support a proposed mandate that all Americans carry insurance. But they do not think they should have to compete with the government. "They want to turn the national desperation for affordable health care into a bill that really boosts their profits," said Jerry Flanagan, health care analyst with Consumer Watchdog, a California advocacy group. "They are getting Congress to do their dirty work." </p>

‘Deeply misleading’ polls on health insurance are fuel for the fear-and-anger campaign

August 11, 2009  ·  Consumer Watchdog

<p> "Liking" your health insurance policy is roughly the same as liking Bernie Madoff until you tried to withdraw your retirement savings. That's what's wrong with the polls that health corporations and Fox News are using to generate powerful fear and anger over health insurance reform. Any kind of insurance is fine until you have to make a major claim. </p>