In response to a opportunity for a $1 million grant from the new federal health reform law, Governor Arnold Schwarzenegger submitted a proposal to apply for the money to allow California regulators to better review and publicize health insurance rate increases before they go into effect. Dan Weintraub at HealthyCal.org has more.
This is not an endorsement of the rate regulation legislation by Assemblyman Dave Jones and others, that is currently pending in the state legislature. But it is a first important step to acknowledging that we need more oversight and public scrutiny on insurers. Here’s the Governor’s press release… but there is more to do to for consumers to have the full protections they need, to make sure that insurance company rates are justified.