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Voters defeat health insurance rate initiative
San Francisco Chronicle

On the heels of an advertising blitz funded by health insurance companies, California voters on Tuesday tanked a proposal to give the state’s insurance commissioner veto authority over health insurance premiums. About 60 percent of voters cast ballots against the plan to give the elected commissioner expanded authority over small group and individual health plans. The measure was one of two initiatives defeated after health insurance companies poured in millions of dollars in opposition. Voters dealt an even more resounding blow to a proposal that would have lifted the cap on courtroom damages for medical negligence, which critics said would send medical costs soaring.

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