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Rate Regulation Initiative Prop 45

Rate Regulation Initiative Prop 45. Jennifer Zins Perry Communications Group CAHU No on Prop 45 Grassroots Campaign. Prop 45. Insurance Rate Public Justification & Accountability Act After failing to move forward as a bill November 4 th Ballot Initiative. Purpose of Prop 45.

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Rate Regulation Initiative Prop 45

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  1. Rate Regulation Initiative Prop 45 Jennifer Zins Perry Communications Group CAHU No on Prop 45 Grassroots Campaign

  2. Prop 45 Insurance Rate Public Justification & Accountability Act After failing to move forward as a bill November 4th Ballot Initiative

  3. Purpose of Prop 45 • To slow the escalation of rate increases • Would apply to Individual and Small Group health plans • One elected politician

  4. Concerns • One elected politician will approve or disapprove rates, benefits, co-pays, deductibles and treatments • Most past ICs have gone on to run for Governor • Would retro back to November 6, 2012, Rates & Agent Compensation?

  5. Additional concerns It would apply not just to rates, but also… benefits premiums base rates underwriting relativities discounts co-payments co-insurance deductibles premium financing installment fees, and any other out-of-pocket costs

  6. Why… Why do we have rate increases now? The cost of “health care” New technology Rx

  7. Currently… We already have measures in place through ACA 80% Individual and Small Group Refunds have been made

  8. Rate control Hasn’t worked in nearly every situation Like setting a maximum price at the gas pump The ACA has provided subsidies

  9. Costs The CA Secretary of State estimates administrative costs to be in the tens of millions annually Funded with fees charged to the insurers Who will ultimately pay… insureds?

  10. Huge new bureaucracy Massive bureaucracy Delays in product and rate launches May reduce the number of plans / benefits Reduces choice Carriers will need to cut costs !

  11. Health plans How would they deal with this? Do we care? Yes We Do! Consumers’ and employers’ choice would be affected Access to physicians could be affected

  12. Who will benefit from Prop 45? • Insurance Commissioner / political ambitions • Trial lawyers, and they are funding this Prop • Interveners will be paid $675 / hour to file lawsuits

  13. Who opposes Prop 45? • Proponents of the ACA • Physicians • Hospitals • Medical Society • Building and construction trades • California Chamber of Commerce • Business groups • Citizens Against Lawsuit Abuse • Nurses’ associations

  14. Who else opposes Prop 45? • Small Business Majority • Unions • California Hispanic Chamber • NAACP • Asian Business Association • William Jefferson Clinton Democrats • California Democrat and Republican Legislators • Covered California – California’s “Exchange”

  15. You are an important part of this effort! “The 40 Vote CAHU Challenge” 10 NO Votes from CLIENTS 10 NO Votes from FAMILY & FRIENDS 10 No Votes from EMPLOYEES/COLLEAGUES 10 NO Votes from CLIENTS’ EMPLOYEES _________________________________ 40 NO VOTES x 2,500 CAHU Members = 100,000 NO VOTES

  16. Tools available to you • Materials for Clients • Flyers and posters • Brochures and postcards • Pens and buttons • Pre-written emails • New Website! – COMING SOON!!!! • Facebook, Twitter and LinkedIn posts

  17. What do we do? Vote NO on Prop 45 Share information with others – Newsletters, Website, Social Media Local Civic/Business Orgs?? Encourage Clients, Friends Colleagues Vote No on 45!

  18. Want lower rates? • Then NO on Prop 45!!! • Visit www.StopHigherCosts.com • It is ESSENTIAL you share the information!!!

  19. Questions? CahuInfo@gmail.com www.StopHigherCosts.com Jennifer Zins 916.871.0603 / jennifer@perrycom.com

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