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Obama warns insurance companies not to unnecessarily raise costs

Washington Post, June 23, 2010

President Obama met with the chief executives of more than a dozen major insurance companies at the White House to caution them against using new requirements in the recently enacted healthcare reform legislation as a pretext to substantially raise premiums. Karen Ignagni, president of the trade association America's Health Insurance Plans, said she and other industry representatives found the meeting to be a "very constructive" opportunity to make the case that the main cause of rising premiums is not industry greed but recessionary pressures and increasing medical and drug costs, the Washington Post reports.