Advertisement
 
YOU ARE HERE: LAT HomeCollectionsInsurance
IN THE NEWS

Insurance

FEATURED ARTICLES
NEWS
October 29, 2013 | By Matthew Fleischer, guest blogger
The Obama administration came out with a report Monday arguing that 1 million single adults between the ages of 18 and 35 will be eligible for an Obamacare insurance plan costing less than $50 a month. That's news to me. I'm a healthy 34-year-old with a taxable income hovering right around the Obamacare subsidy level who, for the last several years, has purchased a relatively inexpensive catastrophic health insurance plan from Blue Shield. I get to see the doctor four times a year for a $30 co-pay, and I won't have to spend the rest of my life working off the debt if I get hit by a bus. Last month, however, I received a letter from my insurance company informing me that my plan was “no longer available” due to “new requirements for health coverage under the Affordable Care Act.” I am being funneled into the closest equivalent plan under the new California health exchange, and my monthly premium is going to rise by nearly 43% to $214 a month.
ARTICLES BY DATE
BUSINESS
April 6, 2014 | By Lisa Zamosky
Now that open enrollment under the Affordable Care Act is over for this year, healthcare consumers can begin to put their insurance policies to work. For many, it may be a challenge. A year ago, Norm Wilkinson, 61, retired after 35 years as a Teamster and signed on to a retiree health plan. He figured he'd enjoy the same comprehensive coverage he'd had for years, but soon learned that prescription drugs weren't covered. "I did not get a prescription drug plan with it, and that was the big killer," said Wilkinson, a resident of Whittier.
Advertisement
BUSINESS
February 21, 2013 | By Chad Terhune, Los Angeles Times
Dailey Mayo received some stunning news in the mail last week: an 85% rate increase for the long-term-care insurance he has had for 15 years from the California Public Employees' Retirement System. The retired sales manager in Pasadena said his monthly premium of nearly $400 would jump to $738, or about $8,850 annually, under this plan. "I'm 82 now and I might need this care soon," he said. "It really ticks me off that they are doing this. " More than 110,000 CalPERS policyholders are receiving similar news after the pension fund's board approved the changes late last year.
NATIONAL
April 4, 2014 | By Noam N. Levey
HONOLULU - When the giant kapok and nawa trees that tower over the Queen's Medical Center in downtown Honolulu were planted more than a century ago, Hawaii faced a health crisis. Many on the islands, including the queen who founded the hospital in 1859, feared that native Hawaiians, devastated by smallpox, measles and other illnesses brought by foreigners, were in danger of dying off completely. Today, the people who walk under these trees are some of the healthiest in America.
BUSINESS
October 14, 2011
Nearly 2 million Blue Shield of California policyholders will get back a total of $450 million in excess profits earned this year. That amounts to a 7% decrease in annual premiums. Of the total, $167 million was announced last summer and was included in October bills and $283 million announced Thursday will be distributed as credits on December bills. Individual policyholders will see their December premiums reduced by an average of $135. A family of four will get an average credit of $420, but the reductions could be as much as $700.
BUSINESS
March 9, 2012 | David Lazarus
Ernie Tamminga was in Tucson recently for a family reunion. While there, he rented a car. And, like all rental-car customers, he was offered insurance by the company, Dollar Rent a Car, in case of an accident. Tamminga, 69, of Goleta had done his homework. He knew that insurance provided by rental firms, which can run more than $25 a day, is often unnecessary. Coverage you already have for your own vehicle should be sufficient, not to mention extra coverage provided by many credit-card issuers.
BUSINESS
August 5, 1992 | From Times Staff and Wire Reports
Plan to Bail Out Policyholders Filed: The New Jersey Insurance Department has filed a plan to bail out policyholders of insolvent Mutual Benefit Life Insurance Co. As expected, policyholders of the Newark-based company will be protected in full by state guaranty associations and a group of insurance companies, led by Prudential Insurance Co. of America and Metropolitan Life Insurance Co. The plan is now before a state court judge in Trenton awaiting approval.
OPINION
November 29, 2012
Re "Anthem plans average rate hike of 18%," Business, Nov. 28 Anthem Blue Cross' spokesman may blame his company's rising costs on the economic downturn, which he says causes people to avoid buying insurance. But as a longtime Anthem policyholder, that's not the reason I've thought about dropping coverage. Plain and simple, it's Anthem's double-digit rate increases. Nothing else I purchase increases in cost this much. Not too long ago, I received a tiny refund check because Anthem failed to meet the minimum requirement that 80% of premiums go toward medical costs.
BUSINESS
April 1, 2014 | By David Lauter and Christi Parsons
WASHINGTON - The Affordable Care Act has passed its first big test, but the law's distribution of winners and losers all but guarantees the achievement will not quiet its political opposition. White House officials, who had a near-death experience with the law's rollout six months ago, were nearly giddy Tuesday as they celebrated an open-enrollment season that ended on a high note. Despite the early problems with the federal website, "7.1 million Americans have now signed up," President Obama declared in a Rose Garden speech to members of Congress, his staff and supporters in which he notably returned to referring to the law as "Obamacare.
BUSINESS
April 3, 2014 | By Maeve Reston
Enrollment by Latinos in California's healthcare insurance exchange surged in the final month of sign-ups after an intensive push to reach that key population. "Our enrollment became more diverse in this last month, particularly among California's Latino population; our enrollment became younger," Covered California Executive Director Peter Lee said during a conference call with reporters Thursday after testifying with the heads of other state exchanges on Capitol Hill. With 1.2 million signed up for private plans, Lee said, "We're proud of that accomplishment.
BUSINESS
April 1, 2014 | By David Lauter and Christi Parsons
WASHINGTON - The Affordable Care Act has passed its first big test, but the law's distribution of winners and losers all but guarantees the achievement will not quiet its political opposition. White House officials, who had a near-death experience with the law's rollout six months ago, were nearly giddy Tuesday as they celebrated an open-enrollment season that ended on a high note. Despite the early problems with the federal website, "7.1 million Americans have now signed up," President Obama declared in a Rose Garden speech to members of Congress, his staff and supporters in which he notably returned to referring to the law as "Obamacare.
CALIFORNIA | LOCAL
March 30, 2014 | By Eryn Brown
One long period of Obamacare hand-wringing in Los Angeles County will end Monday, as the window for residents to enroll in mandatory healthcare coverage comes to a close. But less than 24 hours later, county elected officials will be confronted with another politically sensitive facet of the nation's healthcare overhaul: how to manage roughly a million people, many of them poor or undocumented, who will remain uninsured either because they aren't eligible or failed to enroll. Unlike some other counties in California, which are sidestepping the issue and leaving the problem largely to nonprofit free clinics, Los Angeles has committed to providing residents without coverage some system of government-supported medical care.
BUSINESS
March 30, 2014 | By Chad Terhune
After months of head counts for Obamacare, it is the medical bills that will start to matter now. Even before enrollment closes Monday, California has far exceeded its initial goals for signing up people under the Affordable Care Act. Although the sheer volume of 1.1 million policyholders is impressive for a brand new government program, the number of sicker patients is what's likely to draw the most attention. How sick they are and the size of their medical bills will be front and center in the weeks to come as insurers begin drawing up next year's insurance rates, which will become public this summer.
NATIONAL
March 30, 2014 | By Noam N. Levey
WASHINGTON - President Obama's healthcare law, despite a rocky rollout and determined opposition from critics, already has spurred the largest expansion in health coverage in America in half a century, national surveys and enrollment data show. As the law's initial enrollment period closes, at least 9.5 million previously uninsured people have gained coverage. Some have done so through marketplaces created by the law, some through other private insurance and others through Medicaid, which has expanded under the law in about half the states.
BUSINESS
March 28, 2014 | By Chad Terhune and Soumya Karlamangla
Strong consumer interest in Obamacare coverage ahead of Monday's enrollment deadline was leading to long waits and website trouble for some Californians. The Covered California exchange said sign-ups have been building throughout the week with about 80,000 people picking a health plan Monday through Thursday. An additional 150,000 households created an online account and started the shopping process in the last three days, officials said. That heavy volume was creating havoc, confusion and delays for many consumers, enrollment counselors and insurance agents trying to use the exchange's website.
BUSINESS
March 27, 2014 | By Stuart Pfeifer
Ten Southern California surgery centers once affiliated with the defunct 1-800-GET-THIN advertising campaign are suing UnitedHealth Group Inc. to get reimbursed for hundreds of Lap-Band weight-loss procedures. The lawsuit comes amid federal and state investigations into allegations that the surgery centers defrauded UnitedHealth Group and other insurance companies, according to a government affidavit and a demand letter filed in two federal court cases. The 1-800-GET-THIN ads once blanketed Southern California freeway billboards and broadcast airwaves, but the campaign was halted after the Food and Drug Administration said the ads failed to disclose adequately the risks of weight-loss surgery.
BUSINESS
March 23, 2014 | By Lisa Zamosky
If you don't  have health insurance and want it, now is the time to act. The deadline to sign up for coverage under Obamacare is fast approaching. Experts have many suggestions.   Some recommendations are as easy as calling the state insurance exchange, insurers, insurance brokers or one of many enrollment counselors hired to help you. But have patience. It could involve a long wait. Here are things to consider. Know the deadline.  You have until March 31 to buy a private health plan that will take effect by May 1. If you miss the deadline, you won't be eligible to buy insurance again until open enrollment returns in November, and that coverage won't take effect until 2015.
Los Angeles Times Articles
|