Some health insurance giants have decided not to play in the California insurance exchange sandbox:
Some prominent health insurers, including industry giant UnitedHealth Group Inc., are not participating in California’s new state-run health insurance market, possibly limiting the number of choices for millions of consumers.
UnitedHealth, the nation’s largest private insurer, Aetna Inc. and Cigna . . . → Read More: Major Health Insurers Opt Out of California Exchange
Yes, California health insurers are at it again. The costs of medical care may have only gone up 3.6% last year, but California’s largest health insurers are planning on raising average health insurance rates from 8% to 14% for hundreds of thousands of members with individual health insurance policies. Health insurance premiums have already been . . . → Read More: Health Insurance Will Raise Average Health Insurance Premiums 8% to 14%
David Lazarus’ column in yesterday’s The Los Angeles Times is mostly about whether the Supreme Court will overturn the Affordable Care Act, but we thought this excerpt about the plight of a single mother with a cataracts condition who is now paying half her annual income in health insurance premiums was worth well worth sharing:
. . . → Read More: “Orphan” Health Insurance: What If Your Health Insurer Stops Selling Your Plan?
At this point, it may be more of a surprise to hear that a California hasn’t been fined for some misdeed, and this week is no exception. The California Insurance Commission has fined the state’s seven largest health insurers nearly $5 million for failing to properly pay medical claims from doctors and hospitals:
California’s seven . . . → Read More: California Fines 7 Largest Health Insurers for Failure to Pay Claims; Is It a Slap on the Wrist?