Politics & Government

February 22, 2010

Obama health care plan would let feds order insurance rebates

"If your insurance company spends too much of your premium dollars on overhead, such as big salaries, administrative costs and marketing, they will be required to give you a rebate," the White House Web site said Monday in an explanation of Obama’s new proposed health care overhaul. The White House also proposes creating a new government office with the power to veto rate increases.

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