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Obama proposal targets insurance-rate increases

Washington Post, February 22, 2010

President Obama will call for new government power to regulate insurance-rate increases as part of comprehensive changes to the healthcare system that the White House will unveil on its Web site, senior officials said. The proposal is part of a package that a top official said will serve as a "starting point" for the bipartisan health summit Feb. 25, and comes as Obama has pointed to recent rate increases as evidence that his proposed changes are necessary. The new proposal would give Health and Human Services Secretary Kathleen Sebelius new authority to oversee, and potentially block, rate increases that are deemed unfair, the Washington Post reports.