News Headlines Article

Bill allows denial of health insurance rate hikes
San Francisco Chronicle

The state Assembly approved a bill Thursday that would give state regulators the power to reject or modify excessive health insurance premium increases similar to the way auto and homeowner insurance is regulated in California.

Lawmakers voted 47-28 to approve the measure after Republican legislators walked off the floor in protest. AB52 now moves to the state Senate.

The bill’s author, Assemblyman Mike Feuer, D-Los Angeles, said the measure is necessary because rates for California’s individual policyholders have skyrocketed in recent years compared with the national average.