An initiative that would bring health insurance rate regulation to California has qualified for the November 2014 ballot, setting the stage for a vigorous and costly battle between insurers and consumer groups.
The initiative, submitted by Consumer Watchdog, would submit many health premium increases to approval by the state insurance commissioner, who has little control over such rate hikes now.
Large employer group health plans would be exempt.
The Secretary of State's Office announced Thursday that Consumer Watchdog has gathered the 504,760 signatures needed to qualify.
A water bond and a state finance measure also will be on the 2014 ballot.
Check back later today for the full story.
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