OBAMA WARNS HEALTH INSURERS ON RATE HIKES

Health insurance companies should not use the new heath care reform law as an “opportunity to enact unjustifiable rate increases,” President Obama warned today at a White House ceremony marking the 90-day anniversary of signing the landmark bill, which he termed “a true patient’s bill of rights.”
The warning came a day after a report by the Kaiser Family Foundation (KFF) showed that health insurers are raising prices by an average of 20 percent for working-age adults who are not covered on the job and who buy their own policies. continue reading