Health Insurance Ballot Measure in Hot Debate (Prop 45)

Posted on September 29, 2014 by - Newsfeed

Prop 45 – on the November ballot — could give the California insurance
commissioner advance approval authority over health insurance rates.

WHAT YOU NEED TO KNOW

Supporters Say

  • Supporters point to 35 states and the District of Columbia which have some form of prior regulatory approval Say Prop 45 mirrors the same approval authority the commissioner has over property and casualty lines
  • Suggest it bridges a gap in the Affordable Care Act which leaves rate
    regulation up to states
  • Call it a key tool to hold down insurance costs.

Detractors Say

  • Detractors lament giving one individual authority over everything
  • Point to the uncertainty about how it might be implemented if passed
  • Predict higher costs if it passes.

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