Lead Authors: Kalra
Summary: Health insurance premiums for employer coverage have increased at 6 times the rate of inflation in the past 15 years. For coverage sold to individuals and small employers, California regulators use “rate review” to assess whether proposed rate hikes are based on credible data and realistic projections of increased costs. AB731 expands this practice to large group plans, which saves money for the 10 million Californians covered under these plans or union trust funds. This bill passed and was signed into law.