AB 2578

BILL TO LET STATE LIMIT HEALTH INSURANCE RATE HIKES ADVANCES IN STATE SENATE

Local legislators split on support, opposition to measure

 


June 25, 2010 (Sacramento) – On Wednesday, the State Senate Health Committee passed AB 2578, the Healthcare Accountability Act. The measure aims to protect California consumers from excessive health insurance rate hikes, such as the 39% rate increase announced by Anthem Blue Cross earlier this year and an up to 75% increase imposed on businesses by Blue Shield.

ANTHEM BLUE CROSS WITHDRAWS RATE HIKES UP TO 39%

Bill to regulate rate hikes introduced by Insurance Commissioner candidate Dave Jones
 

April 30, 2010 (Sacramento - Following a storm of criticism, Anthem Blue Cross announced yesterday that it will withdraw its request to raise premiums by as much as 39% on California policy holders.
 

“The hearings I chaired revealed that Anthem Blue Cross and its parent company, Wellpoint, have made billions in profits at the expense of Californians,” Assemblyman Dave Jones, candidate for State Insurance Commissioner, said in a press release issued today. When the insurer refused to provide information on salary packages of its executives, Jones said, “I issued the first Legislative subpoena in a decade to get that information.”