Thursday, June 28, 2012
Voters won’t see a ballot measure that would have required health insurance companies to get approval before raising their rates.
The initiative was backed by Santa Monica-based Consumer Watchdog. The measure received one-hundred and nine percent of the signatures necessary to qualify on a random sample verification, rather than the required one-hundred and ten percent.
Proponents said California voters will see the issue on the ballot in 2014. Twelve measures have already qualified for the November election, including two high profile tax increases. But Senate leader Darrell Steinberg said the Legislature will likely vote - possibly as soon as next week - to delay the eleven billion dollar water bond until 2014.