This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Californians Facing May 1 Health Insurance Rate Hikes Join Consumer Advocates Sponsoring Ballot Initiative To Fight Back Against Outrageous Premium Hikes - One Million Will See Hikes

Final Weeks of Signature Gathering for Initiative To Stop Unjust Rate Hikes for "May Million"

SANTA MONICA, Calif., April 26, 2012 /PRNewswire-USNewswire/ -- The following is being released by Consumer Watchdog Campaign:

WHEN:  Friday, April 27  10:30 a.m.

VISUAL: Giant blank check from one million Californians for hundreds of millions of dollars to three health insurance companies hiking rates on May 1

WHERE:  Consumer Watchdog Campaign Office 1750 Ocean Park Blvd, Suite 200, Santa Monica

WHO:  Jessica Blacher, an Anthem Blue Cross policyholder who was forced to switch to a catastrophic plan after four rate hikes in two years  Jamie Court, proponent of Insurance Rate Public Justification and Accountability Act

WHAT: Anthem Blue Cross patients facing big health insurance rate hikes on May 1st --- among 1 million Californians who will see rates go up by hundreds of millions of dollars that day --- will join with consumer advocates authoring a ballot measure to force health insurance companies to get permission before raising rates. The patients will discuss their plight as part of the "May Million" and sign the ballot measure.

This week Anthem Blue Cross parent company CEO Angela Braly told shareholders the initiative was not necessary because federal law protected patients enough.  Anthem is raising rates by more than $100 million on 600,000 Californians on May 1.

The ballot campaign has gathered more than 500,000 of the 795,000 signatures needed to qualify for the November ballot, with just three weeks of signature-gathering remaining. Consumer Watchdog president and ballot measure author Jamie Court will display a giant blank check that the public gives to the health insurance companies each month. Thirty-five other states give the insurance commissioner the power to reject excessive rate hikes, but not California.

Consumer Watchdog Campaign, and supporters including Senator Dianne Feinstein, Courage Campaign, Insurance Commissioner Dave Jones, and Consumer Federation of California, have emailed millions of voters across the state, asking them to download, print, sign and return the petition at www.JustifyRates.org.

Consumer Watchdog Campaign is chaired by insurance reform Proposition 103 author Harvey Rosenfield. Consumer Watchdog Campaign is the campaign affiliate of Consumer Watchdog, which was founded by Rosenfield and whose president, Jamie Court, an award-winning consumer advocate and author, is the proponent of the proposed ballot initiative.

SOURCE Consumer Watchdog Campaign

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Select the service that is right for you!

COMPARE ALL SERVICES
Action Alerts PLUS
Try it NOW

Jim Cramer and Stephanie Link actively manage a real portfolio and reveal their money management tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
  • Weekly roundups
TheStreet Quant Ratings
Try it NOW
Only $49.95/yr

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
  • Upgrade/downgrade alerts
Stocks Under $10
Try it NOW

David Peltier, uncovers low dollar stocks with extraordinary upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
  • Weekly roundups
Dividend Stock Advisor
Try it NOW

Jim Cramer's protege, David Peltier, identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Alerts when market news affect the portfolio
  • Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
Real Money Pro
Try it NOW

All of Real Money, plus 15 more of Wall Street's sharpest minds delivering actionable trading ideas, a comprehensive look at the market, and fundamental and technical analysis.

Product Features:
  • Real Money + Doug Kass Plus 15 more Wall Street Pros
  • Intraday commentary & news
  • Ultra-actionable trading ideas
Options Profits
Try it NOW

Our options trading pros provide daily market commentary and over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • 100+ monthly options trading ideas
  • Actionable options commentary & news
  • Real-time trading community
  • Options TV
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
DOW 16,772.11 -32.60 -0.19%
S&P 500 1,945.53 -0.63 -0.03%
NASDAQ 4,422.4840 +0.3990 0.01%

Brokerage Partners

Rates from Bankrate.com

  • Mortgage
  • Credit Cards
  • Auto

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs