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HEALTH
December 19, 2011 | By Lisa Zamosky, Special to the Los Angeles Times
I just received a letter from my cardiologist's medical group saying they will be charging a $350 annual fee for administrative costs. This is the first time I've seen a medical group charging an annual fee to its patients. Is this what the bad economy has come to? The fee appears exorbitant and discriminatory against less wealthy individuals. Though charging for administrative services isn't yet widely common, the practice is growing, says James Doherty, an attorney who works with physician practices in Columbia, Md. There are a variety of reasons why, adds Dr. Glen Stream, president of the American Academy of Family Physicians: the bad economy, a downward trend in physician reimbursement and a growing list of administrative tasks heaped onto physician practices by insurance companies.
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CALIFORNIA | LOCAL
December 31, 1990
The supporters of Proposition 103 were foolish to believe that any action short of recalling insurance commissioner Roxani Gillespie would provide relief from rising insurance companies. Her lame-duck actions reveal that the system doesn't have checks and balances, rather it favors the checks that don't bounce and large insurance companies' account balances. J. BRIAN AMSTER, Newport Beach
OPINION
July 9, 2013
Re "What we, the people, want," Editorial, July 4 Let me get this straight: The Democrats pass what used to be the healthcare plan championed by conservatives, and the problems with the law are, essentially, that "both parties do it. " No other developed nation is interested in the slightest about the progress or outcome of the Affordable Care Act. Why? Because it will do nothing to change the fact that the United States is considered the poster child for how not to do healthcare.
BUSINESS
March 26, 2013 | Michael Hiltzik
While most of us face uncertainty with the rollout of healthcare reform, some insurance companies in California have been feeling their oats lately. Here's how they're responding to Insurance Commissioner Dave Jones' warnings that their latest rate increases are unreasonable: Stuff it, Dave. That essentially was the response of Blue Shield of California and Anthem Blue Cross after Jones flayed their proposed premium hikes - up to 20% for Blue Shield customers and up to 18% for Anthem.
BUSINESS
December 2, 2013 | By Hugo Martín
After a nasty storm ripped through the East Coast on the busiest travel day of the year, you might think that buying travel insurance for holiday travel would be a no-brainer. Not so much. The 114-year-old National Consumers League concluded recently that travel insurance is usually a bad deal because most policies are riddled with exceptions that allow insurance companies to reject claims for payoffs. Most insurance companies won't disclose their track record for paying out claims, making it nearly impossible to judge whether insurance is worth the money, the league points out. "The unfortunate reality is that these protection policies bring in big bucks for the airlines each year but offer very little real value for customers," said Sally Greenberg, executive director of the National Consumers League.
BUSINESS
July 13, 1991 | Associated Press
New York state is investigating auto insurance companies for failing to give required discounts to consumers who have safety and anti-theft devices on their cars, officials said Friday. Attorney General Robert Abrams said car owners have been cheated out of as much as $30 million in New York--and more nationally--by insurance companies that advertise discounts and then don't give them.
CALIFORNIA | LOCAL
November 19, 1988
Isn't it time for our government to start an InsureCare program so that, in addition to health care, people can buy automobile, household and other insurance at a reasonable, affordable price? If the government made only half the profit made by the insurance companies, it would go a long way toward paying off the deficit. So let the insurance companies in the private sector move to Siberia! MONROE RUBINGER Beverly Hills
SPORTS
December 16, 2012
THE $2 BILLION TO BUY THE DODGERS $100 million: Guggenheim Partners Chief Executive Mark Walter $100 million: Guggenheim Partners President Todd Boehly $100 million: Texas energy investor Bobby Patton $50 million: Magic Johnson $25 million: Mandalay Entertainment Group Chairman Peter Guber $412 million: Debt assumption $1.213 billion: Guggenheim Partners insurance companies controlled by Walter The new owners also...
CALIFORNIA | LOCAL
July 5, 2009 | Jason Felch
In the top-floor ballroom of a downtown San Francisco hotel, Steve Slepcevic took the podium to share the story of his success. The son of Serbian immigrants, he began working on construction sites at the age of 12. By 17, he had started his own general contracting business. Soon enough, he was chasing natural disasters, looking to help victims rebuild their property and put their lives back together.
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