Should state insurance regulators be able to ban unreasonable health insurance premium increases?
The 2014 Approval of Healthcare Insurance Rate Changes Initiative Statute will give California state insurance regulators the ability to reject "unreasonable" health insurance premium increases. If voters approve the measure, health insurance companies will have to present and justify their rate increases to the insurance commissioner, who has the authority to reject unreasonable increases. It is modeled after Proposition 103 which gives state regulators the power to reject unreasonable car insurance rates.
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