California lawmakers have been inching closer to passing new legislation that would give the state’s insurance regulators the authority to reject changes to health insurance premiums. On Wednesday, the proposal passed an important test and earned approval from the Senate Health Committee. Earlier in the year, many Californian health insurers instituted steep rate hikes, much to the chagrin of Dave Jones, the state’s Insurance Commissioner. Jones led the protest against the insurers and petitioned each company to stymie its rate hikes. He has been adamant in the belief that if…
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Committee vote passes bill to allow state officials to halt health insurance rate increases
A bill in California has been passed through a committee vote that would give state officials the authority to regulate insurance rates by being able to reject increases that health insurance companies have proposed. The bill was approved by the Senate Health Committee by a vote of 5-3. This measure, called AB52, will now proceed to the Senate Appropriations Committee. Representatives of insurance companies, hospitals, and doctors have been working to try to diminish or end the bill, but they each did so for their own reasons. Should the bill…
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