California’s insurance commissioner has reached an agreement with one of the state’s major health insurance companies to delay its cancellation of more than 115,000 individual policies under the federal Affordable Care Act.
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 little known state program that offers low cost car insurance to low-income California drivers just got cheaper.
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.
Financial disclosure forms released Thursday show Gov. Jerry Brown and his wife, former Gap Inc. executive Anne Gust Brown, have real estate and stock holdings potentially worth millions of dollars.