California Insurance Commissioner Dave Jones, saying he was “pleased” that Blue Shield of California withdrew its recent rate increase, used the opportunity to again appeal for regulatory authority over health insurance rates in the state.
California’s insurance commissioner says three insurers have agreed to comply with his request that they delay increasing health insurance rates for 60 days past the effective dates for their recent filings with the California Insurance Department.
Newly instated California Insurance Commissioner Dave Jones sent letters to Anthem Blue Cross, PacifiCare and Aetna asking them to delay increasing premiums for at least 60 days while he reviews the filings.
California’s seven largest health insurers were issued subpoenas to investigate possible illegal activity regarding premium rate increases and delays in claims payments.
More than 20% of patients who file medical claims based on their doctor’s recommendation have those claims rejected by California’s largest private insurers, according to the California Nurses Association/National Nurse … Read →
As a direct result of the Patient Protection and Affordable Care Act (PPACA) – also known as ObamaCare – health insurance agent and broker commissions have been slashed by as much as 50%. Agencies have been forced to lay off employees, limit products and services, shift to other lines, and have seen significant drops in compensation.