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Obama’s New Health Insurance Rate Authority Faces Resistance
HC Pro

Creation of a nationwide authority to put a lid on insurance rate hikes is one of the newest elements of President Obama’s healthcare reform plan, but the proposal already faces resistance from state insurance officials and the private insurance industry.

Under the plan announced by the White House on Monday, a new Health Insurance Rate Authority would provide federal assistance and oversight for states to conduct reviews of “unreasonable rate increases and unfair practices” of insurance companies.