ANALYSIS, COMMENTS, THOUGHTS, AND OTHER OBSERVATIONS IN DR. SKOSPLES' NATIONAL INCOME AND BUSINESS CYCLES COURSE AT OHIO WESLEYAN UNIVERSITY
Sunday, February 21, 2010
Obama to Urge Oversight of Insurers’ Rate Increases
President Obama will propose giving federal government new power to stop excessive rate increases charged by health insurance companies as a part of his legislation to imrpove health care system. This is a response to a recent premium increase of up to 39% by one of California's insurance companies, and also a democrats' move to protect americans from profeteering insurers. The new legislature was views by Congretional Republicans as an attempt of democrats to take over the health care system.
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