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Medical insurers slam proposed supervision

Wall Street Journal, February 23, 2010

The Obama administration's proposal to create a federal body to oversee insurance premiums drew fire from insurers, which contended it would do little to contain spending and could ruin some companies. The plan would create a new agency to be called the Health Insurance Rate Authority to review premium increases and block those it deemed unreasonable. That would add federal supervision to a patchwork of state insurance regulators that examine premium increases, the Wall Street Journal reports.