(Leno) Health: 11-8-0
In the last decade, health insurance premiums paid by employers and workers climbed 185% in California. Employers, however, have been successful in shifting the increasing costs to workers. SB 546 protects large employers and workers from unjustified increases in health insurance costs by requiring rates to be reviewed and approved by state regulators. By requiring justification for rate increases, SB546 increases transparency and encourages insurers to set reasonable prices.