Oct 24, 2014 3:00 PM by News Staff
SACRAMENTO, Calif. (AP) - Two health care-related initiatives on the November ballot have generated more than $100 million in spending, with insurers and doctors leading the fight to defeat both.
Opponents of Proposition 45 reported spending $42 million, with the campaign carrying $25 million in debt. The Yes on 45 campaign, led by attorneys, reported raising $1.6 million.
The initiative would give the state insurance commissioner authority to approve certain health insurance policy rates, similar to the process for automobile and homeowner's insurance.
Doctors and health insurers have spent more than $53 million to defeat Proposition 46, which would raise the cap in medical malpractice cases from $250,000 to $1.1 million and require doctors to submit to drug tests.
The Yes on 46 campaign spent $7.4 million, according to reports filed by midnight Thursday.
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