The Obama administration, Secretary of Health and Human Services Kathleen Sebelius recently demanded that insurers should justify rate increases of more than 10 percent starting this coming September. She also issued a final rule establishing procedures for federal state and insurance experts to review existing premiums....
>>>The Obama administration, Secretary of Health and Human Services Kathleen Sebelius recently demanded that insurers should justify rate increases of more than 10 percent starting this coming September. She also issued a final rule establishing procedures for federal state and insurance experts to review existing premiums.
Kathleen Sebelius, the secretary of health and human services, issued a final rule establishing procedures for federal and state insurance experts to scrutinize premiums. Insurers, she said, will have to justify rate increases in an environment in which they are doing well financially, with profits exceeding the expectations of many Wall Street analysts. This comes in the heels of reports that insurance companies have been posting record profits.
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http://www.nytimes.com/2011/05/20/us/politics/20health.html?_r=1&hp
