News Headlines Article

Biden Says Tighter Regulation of Insurance Industry Is Critical to Health Reform
Washington Post - Michael A. Fletcher

Vice President Biden added his voice Tuesday to the administration’s efforts to reform health care, telling a meeting of state insurance commissioners that tighter regulation of the industry is needed to protect consumers and slow the spiraling cost of medical coverage. Far from destroying the profitability of health insurance companies, the new regulations envisioned by President Obama would enhance competition and choice for consumers while creating a bounty of new customers, Biden said.