Assembly approves health insurance rate-review bill in 45-12 vote

The California Assembly passed SB 1037 on a 45-12 vote during its Aug. 24 floor session, sending forward a bill that would require state regulators to consult the Office of Healthcare Affordability when reviewing certain health insurance rate increases.

According to the Assembly floor session summary, the bill would also require insurers to report how they are meeting cost targets. The session summary described SB 1037 as part of the Legislature’s broader work on health care affordability.

The vote was one of the closer policy margins in the day’s floor action, which otherwise included a long slate of bills that advanced with broader support.

Sources

• Assembly floor session audio — supports the 45-12 vote and the basic SB 1037 description.
• Assembly floor session summary — supports the characterization of SB 1037 as a health insurance affordability bill and the reporting requirement, but does not provide bill text or floor debate details.