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Strategies & Market Trends : The Residential Real Estate Crash Index
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To: NOW who wrote (245128)4/21/2010 9:14:53 PM
From: The ReaperRead Replies (1) of 306849
 
Here's why health insurers have been getting sold through the last two weeks.

Mr. Harkin praised a bill introduced by Senator Dianne Feinstein, Democrat of California, that would give the secretary of health and human services the power to review premiums and block “any rate increase found to be unreasonable.” Under the bill, the federal government could regulate rates in states where state officials did not have “sufficient authority and capability” to do so.

They're gonna plug that little loophole that the insurer lobbyists put in the health care bill that didn't prevent insurers from raising rates. If this passes, that ought to put a dagger through the heart of the health insurance business. Hello single payer.
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