News Headlines Article

Kaiser, Blue Shield contribute $28 million to defeat rate-regulation initiative
San Francisco Business Times

Kaiser Permanente and Blue Shield of California have contributed $23.8 million to defeat a November ballot initiative that would allow California’s insurance commissioner to deny health premium increases seen as excessive. The funding went to Californians Against Higher Health Care Costs, a lobbying group backed by insurers, the California Medical Association, the California Hospital Association, the California Chamber of Commerce, the Bay Area Council and many other medical associations, business groups and even a few labor entities.