California Voters Reject Prop. 45 for More Controls on Health Insurance Rates
California voters rejected by a nearly 60 percent majority Proposition 45 that would have required the state insurance commissioner to approve proposed increases in health insurance rates for small groups and individuals.
Insurance companies were reported to have spent over $37 million in their campaign to defeat the measure. The state’s nonpartisan Legislative Analyst’s Office reports data that only 16 percent of California’s population has small group or individual health insurance policies.
The campaign for the proposition was led by Consumer Watchdog, a group that has taken on the automobile and home insurance industries previously and reportedly spent about $6 million to pass the measure. They said more transparency was critical.
Initial polling had shown Proposition 45 had popular support – 69 percent according the Field Poll in late June and early July, 2014. By late August support had dropped to 41 percent according to another Field Poll. On November 4, 2014, 40.2 percent of voters cast their vote for Proposition 45.