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| February 17, 2018

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Insurance Archives -

California’s two health insurance regulators to investigate Aetna coverage decisions

February 13, 2018 |

Both of California’s health insurance regulators said they will investigate how Aetna Inc. makes coverage decisions, as the lawsuit of a California man who is suing the nation’s third-largest insurer for improper denial of care heads for opening arguments Wednesday.

The Department of Managed Health…


L.A. Times – Business

It’s unclear if homeowners’ insurance covers mudslide damage

January 30, 2018 |

Pamela Jameson Boehr and her husband own a home and two rental properties in Montecito. Each site was affected by the devastating mudslides that recently swept through the area.

Boehr, 77, told me her personal residence wasn’t significantly damaged, but one of the rental properties, a pair of duplexes,…


L.A. Times – Business

Don’t forgo earthquake insurance for your condo even if your association rolls the dice

December 16, 2017 |

QUESTION: After 29 years of renting, I finally saved enough for a down payment on a small condo. I really like a building in the San Fernando Valley with restaurants and other commercial businesses nearby, but it is not retrofitted and the association doesn’t have earthquake insurance. The lenders…


L.A. Times – Business

Facing a big health insurance premium hike? Blame the kids

November 5, 2017 |

Dede Kennedy-Simington, an insurance agent in Pasadena, was “totally dismayed” when she learned recently that the premium on her family’s Blue Shield PPO would rise $ 391 a month next year — driven largely by huge increases for her two teenage children.

The cost of insuring her 16-year-old daughter…


L.A. Times – Business

Confusion abounds as enrollment nears for California health insurance exchange

October 30, 2017 |

If the comments on Covered California’s Facebook page are any indication, you’re all suffering from acute health insurance confusion:

“I wanted to sign up again this year … I’m hesitant now because of what Trump has done. Should I still consider?”

“Does the removal of subsidies mean we might lose…


L.A. Times – Business

Lower drug prices? Trump has one idea, but insurance giant Anthem has another

October 20, 2017 |

The sky-high cost of prescription meds was back in the spotlight this week. First, President Trump said drug prices “are out of control” and drug companies are “getting away with murder.”

Then came news that the country’s second-largest health insurer, Anthem, will partner with CVS to launch its…


L.A. Times – Business

Anthem eases up on 2018 health insurance premium hikes after pressure from California

October 12, 2017 |

Insurance giant Anthem Blue Cross agreed to reduce two planned premium increases for 2018 after California regulators questioned the company’s rationale for raising rates by as much as it had initially proposed.

The scaled-back rate hikes, in the individual and small-employer markets, will reduce…


L.A. Times – Business

Trump: Executive Order Will Deliver ‘Great, Great, Insurance’

October 11, 2017 |

“Since Congress can’t get its act together on HealthCare, I will be using the power of the pen to give great HealthCare to many people – FAST,” President Trump tweeted Tuesday. Trump says he will probably sign an executive order this week that will loosen restrictions on buying insurance policies…
Newser

Employer health insurance premiums show a small rise, less than the increase for Obamacare plans

September 19, 2017 |

Family health insurance premiums rose an average of 3% this year for people getting coverage through their jobs, the sixth consecutive year of small increases, according to a study released Tuesday.

The average total cost of family premiums was $ 18,764 for 2017, according to a survey of employers…


L.A. Times – Business

Making an insurance claim can be far superior to initiating internal HOA litigation

September 16, 2017 |

Question: I am a board director for a large association that is plagued with major plumbing leaks, bursting pipes and pressure regulation problems.

About three years ago, one of the upper units had a sink supply-line burst, resulting in water damage to that unit and the one below, which happened…


L.A. Times – Business