Insurance Companies | Obamacare | Kathleen Sebelius | The Daily Caller: Insurance companies that don’t acquiesce to the president’s healthcare demands are soon in for a rude awakening: The Obama administration announced Friday that companies seeking to raise health premium rates by more than 10 percent will be exploited on a government website.
“This year, in every State and for the first time ever, the Affordable Care Act requires insurance companies to publicly justify their actions if they want to raise rates by 10% or more,” Health and Human Services secretary Kathleen Sebelius wrote in a blog post announcing the new policy. “Today, we posted the first set of explanations from insurance companies.”
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