In 10 years, legislative analysts predict, the cost to the state budget could rise to $100 million.
Homeowners with private insurance would save more - up to 21.8 percent, on average - according to legislative analysts.
He worked as an economist and legislative analyst for the Department of Agriculture.
Moreover, legislative analysts fear the state may face deficits in the next two budget years, if spending and revenue patterns continue.
It was declared by the Legislative Analyst to have "no fiscal effect".
The cost analysis by California's Legislative Analyst showed no increase in state or local costs.
Details of this proposition are also available from the Legislative Analyst's Office.
But legislative analysts say that opponents did not have the two-thirds support in either chamber needed to override an almost certain Presidential veto.
A review by the state's Legislative Analyst's Office said that $200 million was a more realistic goal.
Her entire career has been as a legislative analyst and counsel to Republican politicians, not as a practicing attorney.