It sounds good on the surface, but….
I had a long talk with a friend last night - a neighbor who works for Covered California. She explained why prop 45 is a big threat to the Covered CA exchange - which sounds very dangerous. Here is a great editorial from the Chronicle that explains why:
In evaluating state ballot measures, Californians should be looking not just for good ideas, but well-crafted measures that do what they intend without unwanted side effects.
Proposition 45 is an example of a poorly drafted, poorly timed attempt to regulate health insurance premiums.
We've long supported the concept of giving the state insurance commissioner the authority to review and approve health premiums. But the federal Affordable Care Act has made some profound changes in the way rates and scope of coverage are determined, and this measure fails to adequately account for the new environment.
One of the most compelling arguments against Proposition 45 is that it could seriously undermine Covered California, which has become a national model in providing affordable premiums to individuals, families and small businesses. More than 1.3 million Californians signed up during the recently completed open enrollment…..
The entire editorial is here: https://www.sfgate.com/opinion/edito...45-5755430.php