CARSON CITY, Nev. (AP) — Nevada Gov. Brian Sandoval has vetoed legislation that would have compelled some health insurance companies to publish premiums, projected losses and coverage details.
The Republican governor said in his veto message the bill could create an unnecessary and potentially costly review process that would slow down the state's current rate review system.
Assembly Bill 309 would have created an advocacy office to oversee information posted on a state Department of Health & Human Services website.
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It would also have required insurers to disclose financial data behind proposed rate increases or decreases.
Sandoval dismissed arguments that the bill would bring Nevada in line with federal reporting requirements. He says the state already meets federal standards.
The bill passed with Democratic support and Republican opposition in the Assembly and Senate.
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