Managed Care Weekly Digest
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Health Insurance
Health Insurer Cost Curbs Take Major Step in Legislature
June 18th, 2007
A bill by California Assemblymember Dave Jones that would require health insurance companies to justify and defend their rates and profits passed the Assembly Appropriations Committee today on a 12-5 vote, meaning that it will get a vote of the full Assembly by next week. It was a significant defeat of powerful insurance industry lobbying, said the Foundation for Taxpayer and Consumer Rights, a strong supporter of the bill, AB 1554. "No matter what health reforms are ultimately passed this year in California, Assemblyman Jones' bill would keep down costs to the state, to employers and to individuals," said Jerry Flanagan, health policy director of the nonprofit,...
Source: Managed Care Weekly Digest (2007-06-18)
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