#AceNewsServices – October 21 – Anytime insurance companies spend $100 million you can bet consumers are on the losing end of the spending.
This weekend California’s big health insurance companies added $12 million to their campaign against Prop 45 — bringing the health insurance companies’ total spending against Prop 45’s rate relief to $55.5 million.
Malpractice and health insurance companies are also spending $43 million against Prop 46 — which creates new patient safety protections.
Health insurance companies have now given nearly $100 million dollars against Propositions 45 and 46.
Prop 45 requires health insurance companies to get permission before raising health insurance rates and allows the elected insurance commissioner to veto rate hikes. Health insurance companies are spending so much against it because they want to raise rates at will and not be accountable for what they charge.
Prop 46 requires mandatory drug testing for physicians and suspension of impaired physicians’ licenses, mandatory checks of an existing prescription drug database before narcotics are prescribed to first time patients, and indexing for inflation of the state’s 38 year old cap on damages for medical negligence victims.
Insurance companies are spending so much against it because they don’t want to be accountable when physicians cause harm.