Watchdog Group Calls For CEO Salary Disclosure

Consumer Watchdog
Consumer Watchdog

Some Californians are seeing their health insurance rates raised a whopping 59 percent, and a prominent consumer group wants to know just how much the CEO at the top is benefiting from this. A Consumer Watchdog group called on Blue Shield to disclose its CEO's salary and justify how it can hold 12 times the surplus required by the state while raising Californians' rates so much.

"The burden imposed on hundreds of thousands of Blue Shield customers by the company's massive rate hikes is almost unfathomable," the nonprofit Consumer Watchdog wrote. "Blue Shield's refusal to temporarily delay the hikes and submit to a review by the new insurance commissioner also raises serious doubts about the company's ability to justify increases that will increase some premiums by 59 percent."