Conspiracy? Price fixing cartel? Tweedledum, tweedledee, tweedledoo? You decide. Wed., Dec. 8—Aetna emails its agents who sell individual health insurance, detailing a complicated set of tiers that will cut agent’s commissions to about 4% of gross premium at first, then declining as clients get older. Thurs. Dec. 9—Blue Shield posts a byzantine apology—not summed up… Continue reading »
Nov
30
State fines insurers–chump change, or start of a trend?
California insurance regulators apparently reached a “plea bargain” over rejected claims from health insurance companies, with fines of up to $900,000 and more restitution to come. The companies did not publicly criticize the fines, so they must think the amounts and the process are OK. Here’s LA Times’ report’s take on it. The relative sizes… Continue reading »