News Headlines Article

Health insurance rate regulation measure qualifies for California’s November 2014 ballot
The Mercury News

An initiative that would bring health insurance rate regulation to California has qualified for the November 2014 ballot, setting the stage for a vigorous and costly battle between insurers and consumer groups. The measure, sponsored by Consumer Watchdog, would give the state insurance commissioner the power to deny certain premium increases if they are deemed excessive. The insurance commissioner has little control over such rate hikes now. The initiative would apply to the individual and small group health insurance markets, but large employer group plans would be exempt.