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News Release | CALPIRG Education Fund | Health Care

Aetna reduces rate following CALPIRG Ed Fund's review

 This week, Aetna Life Insurance Company announced plans to reduce its proposed increase in health insurance premiums. In November, CALPIRG Education Fund completed a review of the rate hike and recommended that the California Department of Insurance declare it unreasonable. Now, 68,000 small business employees impacted by the rate hike will see a significantly smaller increase in their health insurance premiums.

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Report | CALPIRG Education Fund | Health Care

Review of Anthem's Rate Increase on Individual Policies

CALPIRG Education Fund has reviewed a massive new rate increase proposal from Anthem Blue Cross. 340,000 Californians can expect to see rates increase an average of 20% this year, with some as high as 24.9%. CALPIRG Ed Fund has recommended that the California Department of Insurance request that Anthem amend the rate change or make an official determination that the proposed rate change is unreasonable.

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Report | CALPIRG | Health Care

Review of Anthem's Rate Increase on Individual Policies

Anthem Blue Cross Blue Shield has proposed a new health insurance premium increase to be effective March 1, 2013. The new increase will affect roughly 340,000 individual plan consumers, who will see rates increase 20% on average and as much as 24.9% at the maximum. CALPIRG has recommended that the California Department of Insurance request that Anthem amend the rate change or make an official determination that the proposed rate change is unreasonable.

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News Release | CALPIRG Education Fund

Taxpayers Bear Cost of Corporate Settlements

Can you write of your parking tickets as a tax deduction?  Of course not.  So why should coporations be able to write off fines as a business expense.  This release highlights our new report 

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Report | CALPIRG Education Fund | Budget

Subsidizing Bad Behavoir

Corporations accused of wrongdoing commonly settle legal disputes with government regulators out of court. Do- ing so allows both the company and the government to avoid going to trial and the agency gets to appear as if it is teaching the company a lesson for its misdeeds. How- ever, very often the corporations deduct the costs of the settlement on their taxes as an ordinary business expense, shifting a significant portion of the burden onto ordinary taxpayers to pick up the tab.

 

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