Economy

December 21, 2010 4:53 PM

Obama takes steps to cap health insurance rate increases

Health insurers that are seeking a rate increase of 10 percent or more in 2011 must detail publicly why the increase is needed, under proposed rules that the Obama administration released Tuesday. The states, and in some cases, the federal government would then review the proposed rates to determine if they're reasonable.

Related content

Comments

Videos

More Videos

Obama lays a wreath at Hiroshima Peace Memorial Park 02:18

Obama lays a wreath at Hiroshima Peace Memorial Park

President Obama thanks military members in Hiroshima, Japan 07:43

President Obama thanks military members in Hiroshima, Japan

Donald Trump faces tough terrain in Washington state 00:46

Donald Trump faces tough terrain in Washington state

In Hiroshima, no expectation of apology from Obama 02:21

In Hiroshima, no expectation of apology from Obama

The Threat of Antibiotic Resistance 01:29

The Threat of Antibiotic Resistance

Young Bradenton entrepeneurs discuss government's role in the economy 02:02

Young Bradenton entrepeneurs discuss government's role in the economy

Visitors pay respects at Vietnam Veterans Memorial 01:15

Visitors pay respects at Vietnam Veterans Memorial

Americans agree, it's time for Obama to visit Hiroshima 02:27

Americans agree, it's time for Obama to visit Hiroshima

Florida 6th Grader Wins National Geographic Bee 00:39

Florida 6th Grader Wins National Geographic Bee

TSA Administrator says airport security problems will be fixed 04:09

TSA Administrator says airport security problems will be fixed

A look back at Obama’s visit to Vietnam 01:58

A look back at Obama’s visit to Vietnam

Share Video

Editor's Choice Videos