Dav
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Obama health plan would curb insurers on rate hikes - latimes.com
Because this worked soooooo well when we did it with oil.
Seriously, this is absolutely appalling. Oh hey, what was that about this not being a government take-over?
Reporting from Washington - President Obama's new healthcare overhaul plan would give the federal government greater authority to stop rate increases imposed by health insurers, an administration official said late Sunday.
The proposal, to be posted on the White House website Monday, would give the Health and Human Services secretary power to block premium increases that were deemed excessive.
It also would set up a panel of experts charged with evaluating the healthcare market each year and determining what would constitute a reasonable rate increase. The board's members would include consumers, doctors, economists and insurers.
Under the president's plan, rate increases outside the reasonable boundaries established by the board could be overruled by the HHS secretary, who would also have the power to require the insurer to revise its proposed rate changes or to order rebates for customers who overpaid.
Because this worked soooooo well when we did it with oil.
Seriously, this is absolutely appalling. Oh hey, what was that about this not being a government take-over?