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WASHINGTON, Sept. 29 /PRNewswire-USNewswire/ -- Consumer Watchdog asked President Obama to issue an Executive Order freezing health insurance premiums to protect consumers from unjustified and unreasonable increases until new rules under the health reform law requiring public justification of unreasonable premium hikes take effect.
Recently announced health insurance rate hikes go into effect as early as this Friday, October 1.
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New Commonwealth Business Health blog launched by Enterprise Center
SALEM, Mass., March 19 /PRNewswire-USNewswire/ -- The Enterprise Center at Salem State College has launched the Commonwealth Business Health Blog for small businesses to share their experiences and views on the impact of double digit health insurance premium increases on Massachusetts' small businesses.
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Rising homeowners insurance premiums will soon hit many Louisiana residents' checkbooks.The Louisiana Department of Insurance has OK'd average premium rate increases above 10 percent for seven insurance companies in the state. To increase a premium more than 10 percent annually, insurance companies must go before the Louisiana Insurance Rating Commission.Under Louisiana's flex band law, state insurers can raise or drop premiums up to 10 percent without going before the LIRC. Louisiana Farm Bureau Mutual, with 70,063 policyholders in Louisiana, increased rates the most at 49.15 percent, while Lafayette Insurance Co. (11,006 Louisiana policyholders) will push rates 37.9 percent higher and American Reliable Insurance (18,522 Louisiana policyholders) will go up 34.36 percent.Some residents ...
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That's why I've taken on our broken health insurance system, so that families and businesses won't have to cope with double-digit premium increases year after year. That's why my Secretary of Education, Arne Duncan, is taking on our education system, so that our kids can compete in the 21st-century economy. And that's why we are working to upgrade America's most underappreciated asset, community colleges just like this one.
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Prior Approval of Rates Before They Take Effect Is Key to Holding Down Health Care Costs Under Health Reform, Says Consumer Watchdog
WASHINGTON, Aug. 2, 2011 /PRNewswire-USNewswire/ -- In a U.S. Senate Health committee hearing today examining the rapid pace of health insurance premium increases, a federal regulator told senators that the rate review provisions of the federal health care law are a powerful consumer protection tool, but that the authority to reject unjustified rates provides consumers "maximum" protection.
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How could the 47,000 state of Connecticut employees who belong to labor unions turn down a contract that over the next five years would guarantee employment for the first four, increase their salaries by 9 percent, not diminish their base compensation, not restrict their rights to overtime, not require unpaid furlough days, not eliminate or even reduce their longevity bonuses and extend for five years their incredibly generous benefits package for health and retirement out to 2022? That's right to 2022. Shamefully, in 1997 former Gov. John G. Rowland agreed to extend the employee benefit package for 20 years with no increase for health insurance or pension benefits. Two years ago, as a part of then-Gov. M. Jodi Rell's negotiations with the same union leaders, Rell was able to get an inc...
... New York: a balanced budget without tax increases and without laying off employees. Robert S. Poline...
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DESPITE alarm raised in many corners over costly new regulations, the California Legislature is pursuing AB 52 to clamp new regulations on health insurance premiums.
The purpose of the bill, according to the author, Assemblyman Mike Feuer, is to control dramatically rising health care costs by giving state regulators the authority to deny or moderate proposed insurance premium increases.
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President Obama on Monday plowed ahead with his politically risky plan to resuscitate his health care overhaul agenda, for the first time offering his own blueprint that tracks closely with stalled congressional efforts.
Democrats embraced the sweeping plan, which seeks to shore up popular support by tackling hefty insurance premium increases and extending coverage to 31 million Americans.
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Report Highlights Requested Rate Hikes in Connecticut, Maine, Michigan, Oregon, Rhode Island, Washington
WASHINGTON -- HHS Secretary Kathleen Sebeli...