Insurance

Florida Asks for Insurance Rebate Waiver

October 29, 2011  ·  Mark Reback

<p> Florida is asking the federal government to delay a requirement that health insurers use at least 80 cents of every dollar in premium money to pay for medical treatment, a move that could deny customers more than $170 million in rebates. <br /> <br /> If federal officials give the state a waiver granting a three-year delay, insurance companies will get to keep the money they otherwise would have to pay in rebates and could spend it on marketing, salaries, commissions to brokers and other administrative costs. <br /> <br />

Insurance Exemption Could Cost Consumers

October 29, 2011  ·  Mark Reback

<p> WASHINGTON, DC - Gov. Scott Walker's administration is seeking an exemption from a new health care law requirement that could mean millions of dollars in rebates to Wisconsin consumers. <br /> <br /> Under the health care reform law enacted in March 2010, insurers would be required to devote 80 percent of premium dollars to medical treatment instead of profits and administrative costs, including marketing and salaries. <br /> <br />

OWS thwarted by WTO?

October 27, 2011  ·  Carmen Balber

<p> <img class=" alignright size-full wp-image-2215" alt="" src="https://consumerwatchdog.org/wp-content/uploads/2011/08/images_carmenbdrawingname.gif" style="width: 133px; height: 200px; float: right; margin-left: 7px; margin-right: 7px;" width="133" height="200" />Today, Consumer Watchdog joined the AFL-CIO, Americans for Financial Reform, Citizens Trade Campaign, Public Citizen, and U.S. Public Interest Research Group (PIRG) in releasing a letter to U.S. Ambassador to the World Trade Organization (WTO) Michael Punke calling for a review of WTO rules to ensure that countries have sufficient policy space to re-regulate the financial sector. </p>

Two Health Insurers Leave Florida, Citing Health Law Regulations

October 27, 2011  ·  Mark Reback

<p> Two tiny health insurance companies are exiting Florida's individual market because of Democrats' health law, the state's insurance department announced Thursday in an effort to bolster its request for a waiver.</p> <p> Florida has asked for a waiver from the medical loss ratio requirement that says insurers must spend at least 80 percent of premiums on medical care or give customers rebates. Several consumer advocacy groups argued Thursday that the state doesn't need such a waiver.</p>

State of Indiana Takes on Health Rules

October 23, 2011  ·  Mark Reback

<p> <b>Seeks exemption for insurance firms</b></p>

Pepsi Uses Games to Mask Doritos Ads for Teens, Groups Say

October 19, 2011  ·  Mark Reback

<div class="component" id="story"> <div class="clearfix" id="story_content"> <p> PepsiCo Inc.’s Frito-Lay unit uses online video games and concerts to disguise marketing campaigns for its Doritos chips aimed at teenagers, consumer groups said in a complaint to U.S. regulators.</p>

Greater inequality on Wall Street than in Egypt or Tunisia

October 18, 2011  ·  Jamie Court

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Blue Shield Rebates Coming

October 14, 2011  ·  Mark Reback

<p> <strong>PROFIT CAP MEANS CREDITS FOR CUSTOMERS</strong><br /> <br /> Customers of Blue Shield of California will see their December premiums reduced substantially -- the result of the insurer's pledge to cap profits at 2 percent of revenue.<br /> <br /> The giant insurer said Thursday that it would return about $283 million to individual and group customers in credits against their premiums. Customers will receive the credits in their December bills.<br /> <br />

Birthday Cake At Occupy L.A.: Advocates Mark Century of Calif. Ballot Process

October 13, 2011  ·  Mark Reback

<p> A consumer advocacy organization marked the 100th anniversary of California's ballot initiative process at Occupy LA in downtown Los Angeles Thursday.<br /> <br />

Health insurers fight to keep rate hike info secret

October 12, 2011  ·  Carmen Balber

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We’re Feeding Occupy LA Ballot Initiative Birthday Cake On the 100th Anniversary Of Initiatives…Join us?

October 12, 2011  ·  Jamie Court

<p> <img class=" size-full wp-image-2277" alt="" class="right" src="https://consumerwatchdog.org/wp-content/uploads/2011/10/images_initcake.jpeg" style="width: 240px; height: 300px;" width="292" height="400" />What:  Celebration of the 100th Anniversary of the Initiative Process.  Candles will be blown out and cake will be shared with people participating in Occupy LA.<br /> <br /> Who:  Harvey Rosenfield, Consumer Watchdog Founder and Prop 103 Author; and Jamie Court, Consumer Watchdog President and Author of “The Progressive’s Guide to Raising Hell”<br /> <br /> Where:  South Steps of Los Angeles City Hall</p>

Is Quake Insurance Worth It With Little Equity?

October 11, 2011  ·  Mark Reback

<p> <b>Reader Clare S. of El Cerrito, CA asks: "Are there any advantages to carrying earthquake insurance if we have little equity in our home?"</b></p> <p> <span id="articlebody"><strong>A:</strong> Doug Heller, executive director of Consumer Watchdog, says earthquake insurance protects three things: your equity, the structure itself and your credit rating. Even if you have little or no equity, "those two other things are there to protect," he says. Whether that protection is worth the price depends on many factors.</span></p>