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Price Caps Will Only Cap Availability Of Insurance

Earlier this month, the California Assembly voted to give the state insurance commissioner the power to reject health insurance rate hikes that he deemed “excessive.” The state senate must now take up the measure, known as AB 52.

A week later, AB 52 effectively went national. Sen. Dianne Feinstein (D-Calif.) introduced a similar bill that would grant both state insurance regulators and the federal Department of Health and Human Services the authority to block rate increases.