If you like your disposable income… forget it. Health-care insurance premiums for individuals in California rose between 22% and 88% in 2014 from last year, even after the federal health-care overhaul. This has led, as Bloomberg reports, to Proposition 45 – a bill that would grant regulatory say on proposed premium increases. “Unless Proposition 45 is passed we are going to continue to see dramatic year-over-year increases,” warned Insurance Commissioner Dave Jones. As Bloomberg reports, Insurance Commissioner Dave Jones said, a Democrat, is pushing a statewide ballot measure for November known as Proposition 45 that would give him regulatory say on proposed premium increases. The measure is opposed by insurance companies, which have said that it would actually cause rates to rise while harming the […] Read More
