Good News, with the state Assembly approving Ab 52, we are gotten today one step closer to having affordable health insurance in Brentwood.
The Bill, AB52, requires health insurers to get approval from state regulators to raise insurance premiums. The state’s elected insurance commissoner and a second regulator, the Department of Managed Care, under Gov. Jerry Brown, authority to reject increases that deem excessive. The regulators also could modify rate increases. Insurance Industry are opposed to the bill.
This is the fourth attempt by Assembly to enact tough rate regulation. The bill will go next to the Senate.
Let’s hope that the bill will be approved by the Senate, as this will protect California consumers and will enable us to offer affordable health insurance in Brentwood and all over California.