Appointments of federal watchdogs suggest more tough scrutiny for insurers
June 01, 2010
Pounded by the Obama administration for raising premiums, health insurers now must reckon with a foursome of longtime industry watchdogs who are helping steer the federal government's effort to overhaul the private insurance market. The four have top spots in the Office of Consumer Information and Insurance Oversight, whose work will be key to the success or failure of the new healthcare law, which vastly expands federal authority over health insurance. On this year's to-do list include writing rules to define when premium increases are "unreasonable," creating coverage for people who cannot get it because of health conditions, and making sure insurers comply with consumer protections, the Washington Post reports.