News Headlines Article

Obama administration steps up oversight of health insurers
Los Angeles Times

Health insurers will have to start publicly justifying big rate hikes, according to a new requirement of the healthcare law implemented Thursday to get insurance companies to hold down skyrocketing premiums.

The new rules will mandate that insurers post explanations of premium increases exceeding 10% on their websites and submit them to state and federal regulators, who will also post them, starting later this year.