Topics

Kaiser Permanente
Health insurers boost No on 45 funding
Health insurers boost No on 45 funding

California insurers have pumped more than $12 million over the last five days into a campaign to defeat Proposition 45, an initiative on the Nov. 4 ballot that would regulate health insurance rates. Blue Shield gave $2.66 million, WellPoint $6 million, Kaiser Permanente $3.73 million and Health Net $350,000, according to late filings at the secretary of state’s office. The latest contributions boost the No on 45’s campaign kitty to $55.4 million. Proponents report having raised about $2.5 million, which they plan to spend on television ads in the Los Angeles market, starting Saturday. The initiative, which is based on a nearly 30-year-old successful auto insurance reform...

Loading