California Managed Health Insurance Premiums Initiative (2018)

California Managed Health Insurance Premiums Initiative
Election date November 6, 2018
Topic Healthcare and Business regulation
Status Not on the ballot
Type State statute	Origin Citizens
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The California Managed Health Insurance Premiums Initiative (#17-0048) was not on the ballot in California as an initiated state statute on November 6, 2018.

The measure would have prohibited a managed health insurance company from increasing premiums if the company's tangible net equity was equal to or greater than five times the minimum reserve requirements set by the state.

Text of measure

Ballot title

The official ballot title was as follows:

“

Prohibits Health Insurance Companies with Specified Financial Reserves From Increasing Rates. Initiative Statute.

”

Petition summary

The summary provided for inclusion on signature petition sheets was as follows:

“

Prohibits health insurance companies (including HMOs and PPOs) with more than 100,000 insured members and financial reserves above specified amounts from increasing consumer rates (including premiums and out-of-pocket costs) for most policies. Requires insurers with reserves above defined amounts to report to the Legislature. Requires asset transfers between insurers and related medical providers to be reported and included in reserve calculations. Prohibits insurers from increasing reimbursement rates for services by related providers to avoid reporting surplus reserves, and authorizes Attorney General to investigate such increases.

”

Fiscal impact

Note: The fiscal impact statement for a California ballot initiative authorized for circulation is prepared by the state's legislative analyst and director of finance.

The fiscal impact statement was as follows:

“

Uncertain average annual effects over time on state and local government costs for employee health coverage, ranging from potential net savings in the short run to potentially significant net costs in the long run.

”

Full text

The full text of the measure is as available here.

Path to the ballot

See also: California signature requirements and Laws governing the initiative process in California

In California, the number of signatures needed to qualify a measure for the ballot is based on the total number of votes cast for the office of governor. For an initiated state statute, petitioners must collect signatures equal to 5 percent of the most recent gubernatorial vote. To get a measure on the 2018 ballot, the number of signatures required was 365,880. In California, initiatives can be circulated for 180 days. Signatures needed to be certified at least 131 days before the 2018 general election, which was around June 28, 2018. As the signature verification process can take several weeks, the California secretary of state issues suggested deadlines for several months before the certification deadline.

The timeline for the initiative is as follows:

• Mylka Rodriguez and Michael Borges submitted a letter requesting a title and summary on November 16, 2017.
• A title and summary were issued by the California attorney general's office on January 22, 2018.
• Proponents of the initiative needed to submit 365,880 valid signatures by July 23, 2018, which is when the initiative was set to expire.

See also

• 2018 ballot measures
• California 2018 ballot propositions
• California ballot measures

External links

• Petition #17-0048