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Blue Cross: 39% rate increase for California health insurance

“Both the State of California through it’s Department of Insurance and the federal government have indicated that they would investigate the rate increases. In addition, the California Assembly’s health committee also will conduct a hearing. The California Insurance Commissioner,  Steve Poizer,  has called on Blue Cross to delay its increases until independent actuary reviews them. [...]

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Record Profits for Health Insurers in ‘09

While most businesses clawed and scraped to survive the great national catastrophe known as G.W. Bush, the nation’s top health insurers were enjoying record profits.  In fact, 2009 turns out to be the best year ever for the health care giants. One of the companies’,  CIGNA,  saw profits jumping 346 percent.  Not a bad showing [...]

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