LOS ANGELES – Assembly Speaker John A. Pérez (D-Los Angeles) discussed the importance of implementing federal health care reforms in California at today’s signing ceremony for AB 1602, legislation the Speaker authored to create the nation’s first state health benefit exchange as called for under federal health care reforms.
“Close to two million of our family members, friends and neighbors lost their job-based health coverage in the last two years because of the recession,” Pérez said at the bill’s signing ceremony. “As we continue working to save and create jobs in California, we must also work to fix the state’s health care crisis. AB 1602 helps make the possibilities created by health care reform into realities for California families by creating a marketplace where insurers compete for their business based on quality, price and service and where they can claim federal premium subsidies and tax credits to buy affordable coverage.”
Applauding Governor Schwarzenegger for signing the bill, Speaker Pérez added, “In a state with the most uninsured and underinsured in the nation, AB 1602 has been a long time in coming. We will begin working immediately to secure quality, affordable coverage for the hard working people of this state.”
In establishing the California Health Benefits Exchange, California positions itself to help working people and small businesses draw down several billion dollars in available federal tax credits and for the first time, giving them the purchasing power of very large employer groups.
For more information, click here to view the attached fact sheet.
Website of Assembly Speaker John A. Pérez: www.asmdc.org/speaker
CONTACT: Shannon Murphy @ (916) 319-2408