News Headlines Article

Insurer’s steep rate hike may aid Obama’s cause
San Francisco Chronicle - Carolyn Lochhead

A California insurer’s steep rate hike on individual health insurance plans has been a gift to President Obama, breathing life into Democratic health care reform going into a televised White House summit on Thursday. The president’s administration borrowed from California Democratic Sen. Dianne Feinstein a key new element of its own reform plan released Monday: a proposal to give the federal government the power to regulate insurance rate hikes.