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Feinstein wants to regulate health insurance rate hikes
Southern California Public Radio

The health insurance overhaul Congress passed requires insurance companies to spend 85 percent of their budgets on medical care. But the law doesn’t give anyone the authority to call out companies if they steeply raise their rates. A new bill aims to put a Band-Aid over that particular owie.

Sen. Dianne Feinstein says that in a decade, health insurance premiums have risen three times higher than the rate of inflation.

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