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Proposition 45 would allow state to regulate insurance rates

A proposed ballot measure facing voters this fall would give the state the authority to deny health insurance rate increases, a change some consumer groups say is long overdue but that opponents warn could impede Californians’ access to insurance coverage.

Proposition 45, slated for the Nov. 4 ballot, appears simple. It would expand a law that allows the California Department of Insurance to deny excessive rate increases proposed by property, casually and auto insurers to include health insurance rate proposals.