California consumer advocacy group Consumer Watchdog has submitted a new proposal to the state attorney general’s office regarding health insurance. Last year, the organization was a driving force behind new auto insurance regulations that pout caps on premiums. Now, the group is backing legislation that would require the state’s health insurers to wait for approval from regulators before collecting premiums from higher rates. Consumer Watchdog is awaiting the approval from the state’s attorney general before it begins to collect the 505,000 signatures needed to bring the issue before the state…
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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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