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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, while proponents report having raised only about $2.5 million. The late surge in health insurance company contributions is evidence that opponents want to increase the odds of defeating the ballot measure, which is backed by Consumer...

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