The California Medical Association (CMA), a health insurance organizations coalition, the California Hospital Association (CHA), and other groups have announced their intentions to work together to oppose a ballot measure that is meant to create California insurance regulation for rate increase on health plans and policies. According to the CMA president-elect, Paul Phinney, this ballot initiative doesn’t do anything to help control the causes of the cost increases in the healthcare system. He added that “I just think this initiative is the wrong idea.” Ballot measure advocates have said that…
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Doctors save $19 million in malpractice insurance due to insurance rate regulation
The California Department of Insurance has revealed that there has been a total savings of approximately $19 million on the medical malpractice insurance premiums of medical care providers such as doctors and dentists, as the result of the rate regulation authority approval in that state geared toward reducing unjustified premiums. Equally, though, Consumer Watchdog Campaign has pointed out that the same protection for patients is being opposed by a doctors’ group. The Consumer Watchdog Campaign has been questioning the undisclosed links to the insurance industry of the leaders of the…
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