A California Senate committee Monday killed Gov. Arnold Schwarzenegger’s universal health insurance plan.

The plan evolved through a year of negotiations to include a mandate that individuals obtain health insurance, subsidies for lower-income residents, and guarantees that insurance would be available to people with pre-existing conditions.

Subscribe Now

Independent and authoritative analysis and perspective for the bond buying industry.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.