California Insurance Code

§ 10181.35

INS § 10181.35 Effective Jun 30, 2022Div. 2 · Part 2 · Ch. 1 · Art. 4.5

Statute text

(a)It is the intent of the Legislature in enacting this section to ensure that insureds benefit from reductions in the rate of growth in health care costs as a result of the establishment of the Office of Health Care Affordability.

(b)In submitting rates for review consistent with this article, a health insurer shall demonstrate the impact of any changes in the rate of growth in health care costs resulting from the health care cost targets set pursuant to Chapter 2.6 (commencing with Section 127500) of Part 2 of Division 107 of the Health and Safety Code.

(c)In determining whether a rate is unreasonable or not justified, the commissioner shall consider the impact on changes in health care costs as a result of the health care cost targets set pursuant to Chapter 2.6 (commencing with Section 127500) of Part 2 of Division 107 of the Health and Safety Code.

Legislative history

Added by Stats. 2022, Ch. 47, Sec. 34. (SB 184) Effective June 30, 2022.