Consumer Watchdog?submitted 800,000 voter signatures to California regulators for an initiative that gives them the power to regulate health insurance rates in hopes of qualifying the measure for the November ballot.?The group called the initiative a ?common sense proposal? to expand provisions of Proposition 103, which regulates auto and home insurance rates. Prop 103, also backed by the Santa Monica advocacy group, was approved by voters in 1988.?Under the initiative, changes to health insurance rates would need approval from the insurance commissioner. A nearly identical bill failed in the California Legislature last year according to a report in the Los Angeles Business Journal.
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