Tags: California State Insurance Commissioner | Dave Jones | health insurance | premiums | increases | policy holders | health care costs

Calif. Health Insurance Watchdog Targets Industry

Friday, 14 Jan 2011 06:30 PM

Providers of health coverage in California won’t get much sympathy from the state’s new Democratic insurance commissioner, Dave Jones, but they may not need much since Jones can only badger, not force, them to reconsider what they charge policyholders, the Wall Street Journal reports.

In his first days on the job, Jones already has asked four large insurers to delay planned premium increases including a 59 percent rate hike by Blue Shield of California.

“We have a long history in California of 10 percent, 20 percent, 30 percent, 40 percent rate hikes,” he said. “This is just business as usual.”

Jones is a longtime insurance industry critic and former legal-aid lawyer who, as a Democratic state assemblyman, wrote a bill to give the office he now occupies the power to reject rate increases. The bill failed, but could come back around for another vote.

California insurers say healthcare costs are rising faster than rate increases and residents caught up in the recession have dropped health insurance to cut living expenses, leaving insurers with fewer healthy policyholders and more sick people to cover.

© 2015 Newsmax. All rights reserved.

Around the Web
Join the Newsmax Community
Please review Community Guidelines before posting a comment.
>> Register to share your comments with the community.
>> Login if you are already a member.
blog comments powered by Disqus
 
Email:
Country
Zip Code:
Privacy: We never share your email.
 
Hot Topics
Follow Newsmax
Like us
on Facebook
Follow us
on Twitter
Add us
on Google Plus
Around the Web
Top Stories
You May Also Like

House Committee Slams VA for Not Releasing Health Data

Wednesday, 28 Jan 2015 22:56 PM

The Department of Veterans Affairs came under fire Wednesday for holding back information crucial to overseeing its aili . . .

Mike Huckabee: Misquote on 'Trashy Women' Was No Mistake

Wednesday, 28 Jan 2015 22:51 PM

Former Fox News host Mike Huckabee says it was no mistake when the website Politico reported that he said the women of F . . .

Senate Health Panel Leaving Out Obamacare Opponents

Wednesday, 28 Jan 2015 22:21 PM

With the Senate Health, Education, Labor and Pensions Committee (HELP) scheduled to hold hearings Thursday morning on wh . . .

Most Commented

Newsmax, Moneynews, Newsmax Health, and Independent. American. are registered trademarks of Newsmax Media, Inc. Newsmax TV, and Newsmax World are trademarks of Newsmax Media, Inc.

 
NEWSMAX.COM
America's News Page
©  Newsmax Media, Inc.
All Rights Reserved