CAHU & NAIFA California positions as reported in the AB1X-X analysis.

The analysis shows 113 groups submitted position letters on AB1X-X. The comments from only 27 were included in the analysis and we were one of them. A testament I believe to the strengths of our concerns about the bill. Please find below the text as reported in the Analysis.

"The California Association of Health Underwriters (CAHU) and the National Association
of Insurance and Financial Advisors – California (NAIFA-California) proposes
amendments to address concerns relating to medical loss ratios and adverse risk selection
in the individual market. The organizations state that individuals receiving premium
assistance in the form of tax credits should not be segregated into the state purchasing
pool, with limited benefit choices and higher premiums, and should be afforded
flexibility to obtain coverage inside or outside of the pool. The organizations state that
minimum creditable coverage should be defined in the bill, and that it is impossible to
assess the cost impact of the bill without such a definition. The organizations argue that
the bill fails to provide meaningful criteria for MRMIB to use when determining
exemptions to the individual mandate, which could result in adverse selection in the
individual market. Lastly, they state that funding for the bill is precarious, as medical
costs have risen at twice the rate of wage growth for the past 20 years."