News Headlines Article

Rate regulation initiative raises big questions for Covered California
Sacramento Business Journal

A health insurance rate regulation initiative on the November ballot poses big questions about operations at the state health benefit exchange, including whether the measure, if approved, could muck up open enrollment at Covered California this fall. If the Insurance Rate Public Justification and Accountability Act is approved by voters, it would take effect Nov. 5, 2014, 10 days before kick off of open enrollment for 2015. The measure would give state Insurance Commissioner Dave Jones authority to reject health insurance increases considered “excessive.”