California Insurance Commissioner
California Insurance Commissioner Dave Jones said Tuesday that Anthem Blue Cross’ proposed rate hike for some of its small-group members is unreasonable, but the insurer says the increase reflects the rising cost of health care.
More than half a million Californians who are covered by Anthem Blue Cross could see a massive rate hike early next year.
A California legislative committee on Wednesday narrowly approved a bill that would give state officials the power to reject proposed health insurance rate increases, but even some supporters said it will need major changes to survive.
A bill that would allow state officials to reject rate increases proposed by health insurers is under intense lobbying pressure as it faces a key committee vote this week.
A bill authored by California’s insurance commissioner would require health insurance companies to get permission from regulators before implementing a rate hike.
Anthem Blue Cross, the largest health plan in California, said Monday it will delay and reduce rate hikes that would have hit some 600,000 policyholders at an estimated cost of $40 million.
A whistleblower lawsuit claims Bristol-Myers Squibb Co. bribed doctors to prescribe its drugs, costing insurers perhaps millions of dollars in the largest alleged health care fraud case ever handled by the state.
Blue Shield of California said an independent review has found that its most recent rate hikes on health insurance policies are not excessive and meet state and federal requirements.
Insurance Commissioner Dave Jones said he can ensure some consumers will get the best deal for their premium dollars with the approval of a new emergency regulation.
State Insurance Commissioner Dave Jones has renewed his criticism of Blue Shield of California Saturday and plans to conduct a full review of the insurance carrier’s planned rate increase.