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June 08, 2007 at 02:44 PM
Golden State insurers are fighting a measure that would give regulators control over medical insurance price increases.
Members of the California Assembly voted 42-33 Thursday to pass Assembly Bill 1554, a bill introduced by Assemblymember Dave Jones, D-Sacramento, Calif., that would require health insurers to justify proposed rate increases.
The bill would require insurance regulators to give members of the public a chance to comment on the proposed increases.
The bill also would prevent regulators from approving “unfair or excessive” rates, co-payments or deductibles.
