New coalition takes aims at health insurance mergers in the US

health insurance news

Consumer groups form coalition to target mergers of health insurance providers Two consumer advocacy groups in the United States have formed a new coalition in order to create pressure of antitrust regulators concerning the merger of large insurance providers. These mergers would cut the number of for-profit health insurance companies from five to three, which may have a dramatic impact on consumers in terms of insurance options and costs. The coalition may be able to shed more light on the potential impact that mergers will have, encouraging state regulators to…

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Citigroup failed to adequately provide data breach victims with identity theft protection

Following a large data attack in May, 2011, Citigroup did not offer the victims of the breach the same level of protection against identity theft as similar companies, leading privacy advocates to issue heavy criticisms. The breach affected more than 360,000 credit card accounts and Citigroup’s primary action for the victims of the hack was to distribute letters to them with recommendations regarding ways in which they can protect themselves against ID theft. That said, no offers were made by Citigroup to provide those individuals with a year of free…

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