Rate Regulation Initiative Prop 45
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Rate Regulation Initiative Prop 45 Jennifer Zins Perry Communications Group CAHU No on Prop 45 Grassroots Campaign
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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. - PowerPoint PPT Presentation
Transcript of Rate Regulation Initiative Prop 45
Medical Carrier Highlights 2014
Rate Regulation InitiativeProp 45Jennifer ZinsPerry Communications GroupCAHU No on Prop 45 Grassroots Campaign
Insurance Rate Public Justification & Accountability Act
After failing to move forward as a bill
November 4th Ballot InitiativeProp 45
To slow the escalation of rate increasesWould apply to Individual and Small Group health plansOne elected politician Purpose of Prop 45One elected politician will approve or disapprove rates, benefits, co-pays, deductibles and treatmentsMost past ICs have gone on to run for GovernorWould retro back to November 6, 2012, Rates & Agent Compensation?Concerns
It would apply not just to rates, but alsobenefitspremiumsbase rates underwriting relativitiesdiscountsco-paymentsco-insurancedeductiblespremium financinginstallment fees, and any other out-of-pocket costsAdditional concerns
Why do we have rate increases now?The cost of health careNew technologyRx Why
CurrentlyWe already have measures in place through ACA
80% Individual and Small Group
Refunds have been made
Rate control
Hasnt worked in nearly every situation
Like setting a maximum price at the gas pump
The ACA has provided subsidies
CostsThe CA Secretary of State estimates administrative costs to be in the tens of millions annuallyFunded with fees charged to the insurersWho will ultimately pay insureds?Huge new bureaucracyMassive bureaucracyDelays in product and rate launchesMay reduce the number of plans / benefitsReduces choiceCarriers will need to cut costs !
Health plansHow would they deal with this?Do we care? Yes We Do!Consumers and employers choice would be affectedAccess to physicians could be affectedWho will benefit from Prop 45?
Insurance Commissioner / political ambitionsTrial lawyers, and they are funding this Prop Interveners will be paid $675 / hour to file lawsuits
Who opposes Prop 45?Proponents of the ACAPhysiciansHospitalsMedical SocietyBuilding and construction tradesCalifornia Chamber of CommerceBusiness groupsCitizens Against Lawsuit AbuseNurses associations
Who else opposes Prop 45?Small Business MajorityUnionsCalifornia Hispanic ChamberNAACPAsian Business AssociationWilliam Jefferson Clinton DemocratsCalifornia Democrat and Republican LegislatorsCovered California Californias ExchangeYou are an important part of this effort! The 40 Vote CAHU Challenge10 NO Votes from CLIENTS10 NO Votes from FAMILY & FRIENDS10 No Votes from EMPLOYEES/COLLEAGUES 10 NO Votes from CLIENTS EMPLOYEES_________________________________40 NO VOTES x 2,500 CAHU Members = 100,000 NO VOTES
Tools available to youMaterials for ClientsFlyers and postersBrochures and postcardsPens and buttonsPre-written emailsNew Website! COMING SOON!!!!Facebook, Twitter and LinkedIn posts
Vote NO on Prop 45Share information with others Newsletters, Website, Social MediaLocal Civic/Business Orgs?? Encourage Clients, Friends Colleagues Vote No on 45!What do we do?
Want lower rates?Then NO on Prop 45!!!Visit www.StopHigherCosts.comIt is ESSENTIAL you share the [email protected]
www.StopHigherCosts.com
Jennifer Zins 916.871.0603 / [email protected] Questions?
