California legislature kills millions

SACRAMENTO, Calif., June 24, 2017 /PRNewswire/ -- California Association of Health Underwriters President Rick Coburn applauded actions taken today by Speaker Anthony Rendon (D-Lakewood) that recognize the serious deficiencies of SB 562. The Speaker has officially postponed any further legislative action on this bill until January 2018. He also indicated there would likely be a single payer ballot initiative on the California November 2018.SB 562 proposes a $400 billion per year government-run single payer system for California. SB 562 does not contain any credible funding mechanism other than immense new taxes on all Californians. The bill also fails to address or manage the real problems healthcare systems face today such as the constant upward cost spiral of medical care, escalating prescription drug prices and ensuring consumers have access to quality medical providers throughout California.