The Obama administration said on Tuesday that it would require health insurance companies to disclose and justify any increases of 10 percent or more in the premiums they charge next year.
State or federal officials will review the increases to determine if they are unreasonable, the administration said in proposing regulations to enforce the requirement.
The article is here. How long ago was it that we were told the health care reform would a) control costs, b) take care of adverse selection, and c) make the insurance market workable again. Yet somehow such a policy is necessary.
Remind me again, what will happen to the quality of coverage and reimbursement, all factors included, following price controls?