Dialysis industry spent campaign spending record to fight CA Prop 8

[iolaire]

I don't know much about Prop 8 but as someone whose corporate insurance paid $234,000/year for dialysis treatment for the first 36 months it seems like a good change.  And that corporate insurance is really a self insurance plan so my dialysis costs were potentially directly affecting the company an its revenues.

Prop 8 would restrict payments to commercial insurance providers for dialysis to 15 percent above the cost of care. Any excess profits would have to be refunded, either to patients or the insurance companies that paid for the treatment. The proposal is similar to the “medical loss ratio” in the Affordable Care Act, which limits insurance company profits in a similar fashion.

The dialysis industry just set a campaign spending record to fight California limits on pricing
https://boingboing.net/2018/10/31/111-million.html

with link to:
The Dialysis Industry Is Spending $111 Million to Argue That Regulating It Would Put It Out of Business
https://theintercept.com/2018/10/31/california-proposition-8-dialysis/

[justagirl2325]

Looks like that spending paid off for them, prop 8 failed.

[iolaire]

Looks like that spending paid off for them, prop 8 failed.

I emailed four CA coworkers about it, three were voting for it, and one had voted against it in early voting.  He said he read up on everything on the LA Times website and voted against it on their recommendation.  He said something like the LA Times presented Proposition 8 as something to benefit California State University Employees Union which he believes is extremely difficult to work with and not appreciated by his acquaintances who work under the Union.  I think had I reached him before he voted he would have supported it.  I don't know if that type of view caused it to fail but I'm sure there was all sorts of miss information around it.  But its good someone tried to make it happen.