California Gov. Jerry Brown's finance officials are opposing controversial legislation that would give state regulators the power to approve, deny or modify changes in health insurance rates, according to a Fresno Bee report.
The finance officials announced their opposition to the bill earlier this week, at a Senate Appropriations Committee hearing. They raised concerns about the costs of the rate-regulation proposal, saying that the need to review more proposed rates would necessitate large staff increases. They said the state would also face significant litigation costs in the likely case that the law is challenged in court.
Supporters, including Insurance Commissioner Dave Jones and various health advocacy groups, say the measure would benefit businesses and individuals by protecting them from drastic premium hikes.
The governor has so far not taken a formal position on the bill. The bill cleared the Assembly on a 45-28 vote with no Republican support.
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The finance officials announced their opposition to the bill earlier this week, at a Senate Appropriations Committee hearing. They raised concerns about the costs of the rate-regulation proposal, saying that the need to review more proposed rates would necessitate large staff increases. They said the state would also face significant litigation costs in the likely case that the law is challenged in court.
Supporters, including Insurance Commissioner Dave Jones and various health advocacy groups, say the measure would benefit businesses and individuals by protecting them from drastic premium hikes.
The governor has so far not taken a formal position on the bill. The bill cleared the Assembly on a 45-28 vote with no Republican support.
Related Articles on Coding, Billing and Collections:
Surgery Center Coding Guidance: ASC Level for CPT 22523
Few Providers Participate in CMS National 5010 Testing Day
Nebraska Asks for Federal Guidance on Health Insurance Exchange Options