California SB1037 amends health care coverage rate review processes.

California SB1037 modifies the rate review process for health care coverage, ensuring that insurers provide detailed information on rate growth and cost targets. The bill defines "geographic region" for different market products and mandates that insurers demonstrate whether their rate growth exceeds cost targets. It also requires insurers to submit information on premiums, deductibles, and cost sharing. The bill aims to benefit enrollees by reducing the rate of growth in health care costs through the Office of Health Care Affordability.

California SB1037 amends health care coverage rate review processes.

California SB1037 modifies the rate review process for health care coverage, ensuring that insurers provide detailed information on rate growth and cost targets. The bill defines "geographic region" for different market products and mandates that insurers demonstrate whether their rate growth exceeds cost targets. It also requires insurers to submit information on premiums, deductibles, and cost sharing. The bill aims to benefit enrollees by reducing the rate of growth in health care costs through the Office of Health Care Affordability.