CHA News Article

Rate Regulation Initiative Fails to Qualify for Ballot

A proposed voter initiative to require greater regulation of health insurance premiums in California has failed to qualify for the November ballot, according to the measure’s author, Consumer Watchdog. CHA opposed the measure. Consumer Watchdog announced yesterday that the California Secretary of State’s Office (SSO) reported that a spot-check signature tally by the Los Angeles County Registrar of Voters fell short of the 110 percent or 555,236 signatures needed to qualify for the November 2012 ballot. SSO said it would not report on the initiative’s status until the last of California’s 58 counties had reported. The initiative would have given the state insurance commissioner the power to approve or deny proposed health insurance premium rates. Consumer Watchdog indicated that it will attempt to qualify the initiative for the November 2014 ballot.