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Insurance Premiums

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BUSINESS
August 10, 2011 | By Duke Helfand, Los Angeles Times
Californians who bemoan high insurance premiums may not have it as bad as they think. It turns out that people in other states pay a lot more for health coverage. A new analysis of individual insurance markets across the country shows that Californians paid $157 a month on average for coverage in 2010. Nationally, individual policyholders paid an average of $215 a month, according to the study by the nonprofit Kaiser Family Foundation. The least expensive state was Alabama.
ARTICLES BY DATE
OPINION
April 6, 2014 | Doyle McManus
When Obamacare's first open-enrollment period ended last week, the tally was impressive: 7.1 million Americans signed up for insurance on federal and state exchanges by the March 31 deadline, several million more signed up for Medicaid and a whole lot of under-26 Americans got covered by their parents' plans. Those numbers represent a significant political victory for Democrats, making it highly unlikely that Republicans will be able to deliver on their promise to repeal the law. "You're not going to turn away 7 or 10 million people from insurance coverage," crowed Sen. Dick Durbin (D-Ill.)
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AUTOS
March 19, 2013 | Ronald D. White
California auto insurance premiums are among most expensive in the U.S., ranking seventh-highest in a new analysis by Insure.com. But there are worse states to live in in term of auto coverage. It costs more to insure most cars, trucks and sport utility vehicles in Louisiana than in any other state. On average, the cost of an auto insurance premium in Louisiana was $2,699. That's more than Michigan ($2,520), Georgia ($2,155), Oklahoma ($2,074), Washington, D.C. ($2,006) and Montana ($1,914)
BUSINESS
March 25, 2014 | DAVID LAZARUS
Critics of safety-net programs such as Social Security and Medicare are fond of saying that the private sector would do a much better job of protecting people thanks to the magic of the marketplace. Mike and Judy Holtzman of Laguna Woods are now experiencing the magic of the marketplace for long-term care insurance. And it stings. They were recently informed by their insurer, John Hancock Life & Health Insurance Co., that their annual premiums will almost double. They're both now in their mid-60s.
NEWS
December 1, 2010 | By Mary Forgione, For the Los Angeles Times
Health insurance premiums are on the rise – again. But why? Here are some experts who can help sort it out. Join us for a live Web chat Thursday about insurance premiums with Matthew C. Katz, executive vice president of the Connecticut State Medical Society, and Jackie Aube, CIGNA Corp. vice president of product development. The online discussion begins at 9 a.m. PST. Rising costs leave many people feeling that their health safety net is starting to fray, as this Chicago Tribune story says.
NEWS
December 8, 2010 | By Mary Forgione, For the Los Angeles Times
Health insurance premiums continue to dominate the healthcare debate -- and consumers' questions about why they continue to rise. The experts at the Hartford Courant started a conversation on the topic last week; they'll continue it Thursday with a Web chat examining the issue in even greater depth. The previous live Web chat Dec. 2 raised so many issues about insurance premiums and how they are set that the paper decided to continue the online discussion 9 a.m. PST on Thursday.
NEWS
July 15, 1985
Some insurance premiums have risen as much as 200% and some insurance firms are refusing to provide coverage for businesses in the vicinity of the gas explosion that injured 24 people, destroyed a discount clothing store and caused closure of 150 Fairfax district shops last March, according to Los Angeles City Councilman John Ferraro. "I can understand . . . premiums going up to some extent," said Ferraro, "but I object to redlining or denying insurance to this area because of the explosion."
REAL ESTATE
December 30, 2001
The unavailability and high cost of insurance is becoming a crisis for the California home-building industry, according to the California Building Industry Assn. Mick Pattinson, head of the group and president of San Diego-based Barratt American, told state lawmakers at a legislative hearing that only a handful of insurance companies are selling liability policies to builders and contractors. He said premiums have risen 30% to 100% and, in some cases, even more in the past year.
CALIFORNIA | LOCAL
December 22, 1985
The Times in recent months has done a considerable disservice to its readers in publishing a continuing series of articles that all carry the same theme: "Our cities cannot afford their insurance premiums due to 'high jury awards and the doctrine known as deep pockets.' " Typical of articles being printed by The Times are interviews with one city manager after another, all of whom are quoted by The Times as saying that "we are being charged exorbitant premiums and we have been told by our insurance carriers that the premiums are due to 'high jury awards and the doctrine known as deep pockets.
CALIFORNIA | LOCAL
August 22, 1990 | Times Wire Services
Cutting the costs of claims is the only way to reduce automobile insurance premiums paid by Californians, according to a state Department of Insurance survey. The study, based on analysis of about 40,000 claims paid last year by the state's 11 largest auto insurers, concluded that between 1985 and 1989, for every dollar of insurance premiums paid, auto insurance firms in the state earned an average of $1.07 in revenue.
BUSINESS
February 16, 2014 | Liz Weston, Money Talk
Dear Liz: Recently I've paid off almost $20,000 in credit card debt and am determined not to go down that path again. Because I haven't used these cards in a while, though, I'm starting to get notifications from the credit card companies that they're closing my accounts because of inactivity. I know having long-standing accounts on your credit report is a good thing, but I don't want to be tempted to use these cards just to keep the account open. Is it a bad thing if almost all of my credit card accounts get closed?
NEWS
February 12, 2014 | By Noam N. Levey
WASHINGTON - Health insurance sign-ups under President Obama's healthcare law have continued to surge, as more than 1.1 million Americans selected a private plan in January on new marketplaces created by the law. That brings to nearly 3.3 million the number of Americans who have enrolled in coverage since the marketplaces opened in October, according to new data released by the Obama administration. California continues to lead the nation with 728,000 enrollees, more than twice as many as the next-highest state, Florida.
BUSINESS
February 9, 2014 | By Kenneth R. Harney
WASHINGTON - Got problems with the company that services your home mortgage - the one that collects your payments, keeps track of your escrow account and lets you know when you're late? So your monthly numbers don't look right? You got blown off by servicing personnel when you tried to get inaccuracies in your account corrected? Well, move over. You've got lots of grumpy company. As of Jan. 31, just under half of the 187,818 complaints filed with the federal watchdog Consumer Financial Protection Bureau concerned mortgage foul-ups, and the vast majority of these involved servicing, loan modification and foreclosure activities by servicers.
NEWS
February 3, 2014 | By Jon Healey
Maybe reforming federal farm subsidies is a task fit for Sisyphus. Every five years or so, when the farm programs come up for reauthorization, fiscal conservatives and good-government types try to make the subsidies look less like corporate welfare and more like an industrial policy designed to preserve the food supply. The former hands out money to agribusinesses regardless of their size or need for help; the latter focuses aid on farmers whose resources are too thin to buffer them from the vicissitudes of weather and crop yields.
BUSINESS
December 23, 2013 | By Chad Terhune, David Lauter and Maeve Reston
After months of technical glitches and political tumult, a burst of last-minute insurance shoppers illustrated the growing appetite for Obamacare and the enormous challenges ahead in making the massive healthcare expansion work. On Monday, the crush of consumers prompted the Obama administration to put thousands of applicants on hold and push back another key enrollment deadline to Tuesday. This unexpected move came despite weeks of computer fixes aimed at improving the troubled HealthCare.gov website.
NEWS
December 19, 2013 | By Jon Healey
With Republicans hoping to make next year's election another referendum on the 2010 healthcare law (better known as Obamacare), the White House issued a report Thursday aimed at those calling for the law to be overturned. "Repeal Would Raise Costs, Strip Protections from Families Across America," the report declares. As usual, though, the administration left out one no-trivial part of the equation: how much those benefits are costing the public. The Times' editorial board has steadfastly supported the Patient Protection and Affordable Care Act, warts and all, because it makes a credible effort to make a more sustainable healthcare system.
NEWS
December 29, 1988 | DON G. CAMPBELL
Question: I saw an ad in one of those magazines that you see at the checkout counters in drugstores where this company was looking for people who had paid off their FHA mortgages early, and it suggested that this outfit--for a fee, I assume--would help these people get back a refund from the government for the FHA insurance premiums owed to them. This raised a lot more questions than it answered, particularly because we did pay off our FHA mortgage early a couple of years ago.
OPINION
November 19, 2013 | By Harvey Rosenfield
"We didn't do a good enough job in terms of how we crafted the law," an apologetic President Obama said this month, shortly after millions of Americans got notices from their health insurance companies that their current policies were going to be canceled because the policies didn't comply with the minimum standards of the Affordable Care Act. Worse, the federal website where people were supposed to be able to buy replacement coverage was still barely...
BUSINESS
October 21, 2013 | David Lazarus
Think you can keep a medical condition secret from life insurers by paying cash for prescription meds? Think again. A for-profit service called ScriptCheck exists to rat you out regardless of how diligent you are in trying to keep a sensitive matter under wraps. ScriptCheck, offered by ExamOne, a subsidiary of Quest Diagnostics, is yet another example of data mining - using sophisticated programs to scour databases in search of people's personal information and then selling that info to interested parties.
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