A bill that stops insurers from hiking rates to unreasonable heights passes. Although at first it seemed it would pass by a narrow margin, with the help of several votes later that day it made it 47-28. What does bill AB52 accomplish exactly? This bill allows state regulators the right to reject or modify excessive health insurance premium increases, much like it is regulated for auto and home owners insurance. The bills creator, Mike Feuer, said the measure is necessary because rates in California’s individual policy holders have shot up in these past years compared to the national average. The bill has met with plenty of resistance and scrutiny so far. On the other hand providers like Blue Shield and Anthem Blue Cross have been known for high rate increases, sometimes in excess of 50% in a single year. Going to the hospital may not cost an arm and a leg after doctors manage to save them.
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For more information on bill AB52 click here