Clearly, passing this health-care bill is just the beginning, because it doesn't really contain strong regulatory powers. It was pulled under reconcil
March 21, 2010

Clearly, passing this health-care bill is just the beginning, because it doesn't really contain strong regulatory powers. It was pulled under reconciliation rules, and Obama reportedly will try to introduce it later:

WASHINGTON -- A Democratic plan for new federal power over health insurance rates was dropped Thursday from the final health care bill, squeezed out by the way the Democrats are pushing the bill through Congress.

Rolled out with fanfare just weeks ago, the Democratic plan was a response to double-digit rate increases proposed by health insurance companies in California and elsewhere.

It was first proposed by Sen. Dianne Feinstein, D-Calif., then picked up by President Barack Obama.

It would have given the federal government the power to reject proposed rate increases. It also would have allowed the secretary of health and human services to order insurance companies to give back part of premiums if the government decided that the companies spent too much of their incomes on salaries or advertising.

Help Us Fight Back Against Social Media Censorship

Facebook has been limiting the visibility of our posts after a series of bogus violations. We need your help now more than ever.

Discussion

We are currently migrating to Disqus

On May 14, 2022, we started migrating our comments from Insticator back to Disqus. During this transition period, some posts will have Insticator and some Disqus. For more information on the transition, as well as information regarding old C&L accounts, please see this post.


We welcome relevant, respectful comments. Any comments that are sexist or in any other way deemed hateful by our staff will be deleted and constitute grounds for a ban from posting on the site. Please refer to our Terms of Service for information on our posting policy.