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Insurance rate-hike initiative gains high-profile backers
Los Angeles Times

Several high-profile business names, such as San Francisco hedge-fund manager Thomas Steyer and agribusiness magnate Stewart Resnick, have contributed to a proposed ballot measure seeking tighter regulation of health insurance rates, according to campaign finance records.

These contributions were among $1.5 million in donations reported Monday to the California Secretary of State by Consumer Watchdog, the Santa Monica group leading the ballot drive.