I read this story today: "The Obama administration is asking Anthem Blue Cross to justify its plans to raise health insurance …"
"Health and Human Services Secretary Kathleen Sebelius sent a letter to the company’s president on Monday calling the planned increases extraordinary and difficult to understand. She wrote that the company has an obligation to provided a detailed justification for the rate hikes to the public."

I thought that health insurers were state regulated and regulated by the NAIC–not the Secretary of Health and Human Services.

 

  • dakota 1:05 pm on March 5, 2010

    Rates are filed in each STATE, not federally, except for Medicare.

    The obvious conclusion is, that the Obama administration has no idea how health insurance companies work.

    And check out this site, if you want to find your best or cheapest health insurance rates just in few minutes,

    http://Cheap-Health-Insurance-USA.info/

    Here you can get free quotes from different health insurance companies in your area, its the best way to find an affordable health insurance with a reliable company.

    Hope this help,

  • Evas 1:05 pm on March 5, 2010

    Insurance companies are licensed to sell insurance in specific states. There is no regulation of rates, the companies can sell their product for as much as they want to, They are profit making companies so the premium must cover the cost of medical treatments of the insured, dividends to the share holders, expenses of buildings, salaries and bonuses. Sibelius is trying to embarrass the company into not raising rates, this is the bully pulpit, it has no regulatory teeth.

  • ! 1:05 pm on March 5, 2010

    yes

  • Jasper 1:05 pm on March 5, 2010

    They are state regulated, not any of the fed’s business. Of course not Congress’ business to ask about Toyota’s recalls- that’s the executive branch responsibility or for Congress to investigate pro baseball– none of their business.