ADVFN Logo ADVFN

We could not find any results for:
Make sure your spelling is correct or try broadening your search.

Trending Now

Toplists

It looks like you aren't logged in.
Click the button below to log in and view your recent history.

Hot Features

Registration Strip Icon for monitor Customisable watchlists with full streaming quotes from leading exchanges, such as LSE, NASDAQ, NYSE, AMEX, Bovespa, BIT and more.

WLP Wates City Lon.

0.00
0.00 (0.00%)
Share Name Share Symbol Market Type Share ISIN Share Description
Wates City Lon. LSE:WLP London Ordinary Share GB0009422980 ORD 25P
  Price Change % Change Share Price Bid Price Offer Price High Price Low Price Open Price Shares Traded Last Trade
  0.00 0.00% 0.00 -
Industry Sector Turnover Profit EPS - Basic PE Ratio Market Cap
0 0 N/A 0

Labor Chief Asks States To Probe Insurer Health-Care Lobbying

24/09/2009 8:08pm

Dow Jones News


Wates City Lon. (LSE:WLP)
Historical Stock Chart


From Jun 2019 to Jun 2024

Click Here for more Wates City Lon. Charts.
   DOW JONES NEWSWIRES 
 

AFL-CIO President Richard Trumka on Thursday urged some state insurance commissioners to investigate how the costs of insurers' lobbying to defeat health-insurance reform are affecting premiums.

"We believe that health insurance providers' lobbying expenditures have led to excessive rate hikes," Trumka wrote to regulators in Connecticut, Indiana, New York and Pennsylvania. Laws in those states require insurance regulators to approve rate changes. Two of the four top insurance companies, WellPoint Inc. (WLP) and Cigna Corp. (CI), are based in Indiana and Pennsylvania, respectively.

The AFL-CIO leader also pointed to Anthem Blue Cross and Blue Shield, which has requested a rate hike of up to 30% in Connecticut while spending more than $9.5 million on lobbying, and UnitedHealth Group Inc. (UNH), which recently proposed a premium increase for its Medicare supplemental insurance while spending more than $2.6 million on lobbying in the first half of 2009.

In addition, Trumka asked regulators to investigate allegations that UnitedHealth and Anthem/WellPoint forced employees to attend meetings intended to pressure them into helping their employers oppose pending health insurance reform legislation.

According to the AFL-CIO - which is supporting the Obama administration's efforts - premiums for employer-based health insurance more than doubled in the past decade while the health-care industry spent more than $3.5 billion on lobbying.

The health-care industry is the biggest-spending lobbying force in Washington. In the second quarter, health-care players spent $133 million pressing their interests, according to the nonpartisan Center for Responsive Politics. Labor unions and others with a stake in the health-care debate also are lobbying heavily

Insurance companies have been lobbying Congress to defeat the inclusion in health-care reform bills of a "public option" that would provide health insurance at lower costs than is now available. Groups of all stripes are blitzing lawmakers to shape a trillion-dollar health-care overhaul that would reach into every business and home in the country.

-By Kathy Shwiff, Dow Jones Newswires; 212-416-2357; kathy.shwiff@dowjones.com

 
 

1 Year Wates City Lon. Chart

1 Year Wates City Lon. Chart

1 Month Wates City Lon. Chart

1 Month Wates City Lon. Chart

Your Recent History

Delayed Upgrade Clock