A bill introduced in the California state legislature would require insurance companies to provide greater amounts of loss experience information to small- to mid-sized companies seeking to buy health care plans.

The bill seeks to help employers in the state to bargain with health insurers, says California Assemblyman Paul Cook (R-Yucca Valley), who introduced the bill, AB 562.

“AB 562 will give employers a more level playing field in negotiating rates with insurance companies, which will quickly drive down premiums at a critical time in our state’s history,” said Jeff Miles, a health care analyst and president of the Miles Organization, Los Angeles.