News Headlines Article

Wonder why Legislature killed strong insurance commissioner bill?
San Francisco Chronicle

When we saw that Blue Shield was raising its rates 59 percent the other day, we wondered, “Why doesn’t the Insurance Commissioner bring the hammer down on those guys?” OK, so we thought about that after reading an editorial from our Ivory Tower comrades, but still…

Well, the Legislature actually considered such a law in the 2009-2010 session that would have given the Commish hammer-swinging power to take on huge rate increases.