A classic veto from the Guv…
To the Members of the California State Assembly:
I am returning Assembly Bill 1759 without my signature. This bill is one more attempt to solve an extremely complex problem through over-regulation, micromanagement and the placement of unnecessary requirements in the contracting process – all without actually solving the underlying issue. Health coverage is expensive. It’s getting more expensive every day.
Requiring sophisticated buyers, brokers and health plans to statutorily notify each other that costs may increase throughout the year is similar to advising them that the sun is going to rise in the east.
Sincerely,
Arnold Schwarzenegger