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Feinstein Bill Puts Excessive Health Insurance Rate Hikes In The Bullseye

Sen. Dianne Feinstein of California thinks the federal government should be allowed to hold the line against the rising cost of health insurance.

Feinstein has introduced a bill that would let the Health and Human Services secretary reject excessive rate hikes in states that don’t have that authority.

Regulators in California and 14 other states lack the ability to block health insurance premium increases they consider to be unreasonable.