Sunday, February 21, 2010

PLN 12

Obama to urge oversight of insurers' rate increases from the New York Times

In this article it talks about how President Obama wants to pass a bill that allows the government to control the increase of rates for private insurance companies. Obama wants to regulate the health market in an attempt to make a long term impact on the nation's health care system. Controlling the rates of private insurers would require a rate board, which Obama wants to prepare with doctors, consumer representatives, and other experts who would monitor the rates and whether they should be approved. Congress Republicans disagree with Obama's act to interfere and change the health care system. I think this is important to know about because this could affect American citizens nation wide. With insurance rates being controlled by the government this can interfere with the economy and with the health market because the companies can't do what they have the power to do.

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