New Obama Health Proposal Would Limit Rate Hikes

New Obama Health Proposal Would Limit Rate Hikes

Published February 22, 2010

WASHINGTON – President Barack Obama is trying to revive his stalled health care overhaul by taking the fight to insurance companies.

As part of a new blueprint for remaking the health care system the White House will unveil Monday, Obama will propose giving federal authorities the power to limit rate hikes by health insurers. Coming days before a health care summit with congressional leaders of both parties, it may be the president's last chance to salvage his signature issue.

A White House official, speaking on condition of anonymity because details haven't been released, says the insurance rate proposal would give the federal Health and Human Services Department — in conjunction with state authorities — the power to deny egregious premium increases, roll them back, or demand rebates for consumers.

Written by Ricardo Alonso-Zaldivar, Associated Press Writer


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