California's Prop 45

[AgentWillN]

I wanted to get other Agent's feedback on Proposition 45, which will be on the ballot this November.

"From what I understand," it will allow the Insurance Commissioner to set industry standard rates. In my opinion this cannot be a good thing. Anytime, the State steps into an Industry, it is typically bad news for those within it. As a result, I am very much against it.

Obviously that was a simplified version, but would love to get any feedback on Prop 45, as it could affect all of us Agents directly.

 

[GreenSky]

Good or bad doesn't matter. The idiots who elect nobody but socialists in this state will think it's a great thing.

And our commie insurance commissioner will reject every rate increase.

Single payer in 3 years.

Rick

 

[AgentWillN]

Good or bad doesn't matter. The idiots who elect nobody but socialists in this state will think it's a great thing. And our commie insurance commissioner will reject every rate increase. Single payer in 3 years. Rick

Agreed with you Sir.
As Agents we should probably be worried our jobs. Wondering what other like minded Agents are doing anything about it.

 

[GreenSky]

Agreed with you Sir.
As Agents we should probably be worried our jobs. Wondering what other like minded Agents are doing anything about it.

I stopped looking for health insurance when Obozo was elected in 2008.

Why fight a battle that can't be won?

Rick

 

[nylife11023]

I read that $30 million has been raised to defeat this proposal and that those who support it don't even have $1 million.

That said there was a similar issue in CA a number of years back... a proposal to give the insurance commissioner power to regulate home and auto ins. rates. The industry and agents raged against that with a ton of money, but it passed.

Take away agents and ins. companies, the current commissioner is a popular Democrat in a Democratic state. And Gov. Brown is also popular. I don't know if he has endorsed this proposal but if he does it would an effective message for those who are supporting it.

If I was a consumer for individual health care in CA I could see voting for it... with the idea things (rates) can't get any worse. (It is sort of the same idea of voting out all incumbents. What do you have to lose?)

If rates go up... they would anyway. If they stay the same or go down, it's a 'win.'

 

[AgentWillN]

I read that $30 million has been raised to defeat this proposal and that those who support it don't even have $1 million. That said there was a similar issue in CA a number of years back... a proposal to give the insurance commissioner power to regulate home and auto ins. rates. The industry and agents raged against that with a ton of money, but it passed. Take away agents and ins. companies, the current commissioner is a popular Democrat in a Democratic state. And Gov. Brown is also popular. I don't know if he has endorsed this proposal but if he does it would an effective message for those who are supporting it. If I was a consumer for individual health care in CA I could see voting for it... with the idea things (rates) can't get any worse. (It is sort of the same idea of voting out all incumbents. What do you have to lose?) If rates go up... they would anyway. If they stay the same or go down, it's a 'win.'

Are you supporting the Proposal or just being the devil's advocate?

 

[unic.consulting]

We had this policy in MA for years for car insurance. It was so bad, they finally got rid of it. Hopefully, CA will see how bad it was for consumers and won't let it pass.

 

[nylife11023]

Are you supporting the Proposal or just being the devil's advocate?

I support the idea of putting everyone on Medicare or some kind of national health plan... eliminate insurance companies... and my hope is that Obamacare morphs into that at some future date.

I'm no expert on health insurance but I am an 'average' voter and when I see the health carriers, and the health agents, and the health providers, and the health interest groups raising $30 million and all purporting that they are doing it for my sake... well I become fairly certain they aren't.

I don't know for certain if the insurance commissioner is on my side, but I know for certain that the health-medical-insurance complex certainly isn't.

So sure. What would I have to lose? If rates go up... well they would anyway, and if they shoot up the proposal could be repealed.

If there is a chance they will remain stable or go down because of this proposal, sure... it's worth a shot.

I think the average voter should (and will) vote for this... but then again I would not bet my first born on it... because $30 million can sway a lot of votes... with truths, half-truths, and outright lies.

 

[HoosierLife]

I support the idea of putting everyone on Medicare or some kind of national health plan... eliminate insurance companies... and my hope is that Obamacare morphs into that at some future date.

I'm no expert on health insurance but I am an 'average' voter and when I see the health carriers, and the health agents, and the health providers, and the health interest groups raising $30 million and all purporting that they are doing it for my sake... well I become fairly certain they aren't.

I don't know for certain if the insurance commissioner is on my side, but I know for certain that the health-medical-insurance complex certainly isn't.

So sure. What would I have to lose? If rates go up... well they would anyway, and if they shoot up the proposal could be repealed.

If there is a chance they will remain stable or go down because of this proposal, sure... it's worth a shot.

I think the average voter should (and will) vote for this... but then again I would not bet my first born on it... because $30 million can sway a lot of votes... with truths, half-truths, and outright lies.

Doesn't average voter=low-information voter??

 

[Newby]

I support the idea of putting everyone on Medicare or some kind of national health plan... eliminate insurance companies... and my hope is that Obamacare morphs into that at some future date. I'm no expert on health insurance but I am an 'average' voter and when I see the health carriers, and the health agents, and the health providers, and the health interest groups raising $30 million and all purporting that they are doing it for my sake... well I become fairly certain they aren't. I don't know for certain if the insurance commissioner is on my side, but I know for certain that the health-medical-insurance complex certainly isn't. So sure. What would I have to lose? If rates go up... well they would anyway, and if they shoot up the proposal could be repealed. If there is a chance they will remain stable or go down because of this proposal, sure... it's worth a shot. I think the average voter should (and will) vote for this... but then again I would not bet my first born on it... because $30 million can sway a lot of votes... with truths, half-truths, and outright lies.

I actually don't think too differently. But my hold up is I trust the government to do the right thing way less than I trust the free market to perform more effectively.