The author of a bill that would have given California regulators the power to reject health insurance rate increase said Wednesday that he is pulling the bill from consideration this year, according to a San Jose Mercury News report.
Democratic Assemblyman Mike Feuer of Los Angeles said the bill had too few votes in the Senate to pass, according to the report. Senate Democrats were divided on the bill when it passed the Assembly in June.
Mr. Feuer said he will try again next year. The bill would have given the state insurance commissioner and other regulators the power to reject or modify rate increases they deemed "excessive."
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Democratic Assemblyman Mike Feuer of Los Angeles said the bill had too few votes in the Senate to pass, according to the report. Senate Democrats were divided on the bill when it passed the Assembly in June.
Mr. Feuer said he will try again next year. The bill would have given the state insurance commissioner and other regulators the power to reject or modify rate increases they deemed "excessive."
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