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Dialysis companies just got a reprieve in California — at least for now

Shares of dialysis providers DaVita Inc. and Fresenius Medical Care AG & Co. rose in heavy Monday trade after California Gov. Jerry Brown vetoed a bill late Sunday that would have significantly affected their revenue.

The bill, SB 1156, would have restricted the financial assistance that dialysis companies offer patients. The assistance, however, maximizes how much companies are reimbursed for their dialysis services and has the effect of raising health insurance premiums, according to the bill’s sponsor.

Brown said in a memo to the California senate that the legislation “goes too far as it would permit health plans and insurers to refuse premium assistance payments and to choose which patients they will cover.

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