Two leading health insurers drew new fire from #WallStreet for overstating their #Obamacare doctor networks and trying to deflect the blame. Last week, #California regulators found that #AnthemBlueCross, a unit of publicly traded #WellPoint Inc., and nonprofit insurer #BlueShield of California violated state law by giving consumers #misleading information about their #providernetworks. The two companies #errorrates each topped 25%, according to the California Department of Managed #Health Care. ... This seems like one of those situations where the plans could improve their #credibility by owning up to the fact that there were a lot of issues this year and that it was extremely difficult to understand what providers were actually in-network, McDonald said. ... #Regulators said they plan to conduct another #audit in six months. Blue Shield and Anthem also face numerous consumer lawsuits over the network #inaccuracies. WellPoint and other health insurers have enjoyed a strong run on Wall Street, thanks to new #business under Obamacare. ...
Posted on: Tue, 25 Nov 2014 03:57:52 +0000