Obama Health Care | Obama's Health Care Plan
Obama's Health Care Plan: After more than a year of people talking about “President Obama’s health care plan,” the president actually has offered his own detailed proposal. Obama's healthcare plan is to be released at 10 a.m. EST.
President Barack Obama is proposing giving the U.S. government new power to block health insurers from attempting excessive premium hikes.
The White House has health insurers in its sights, seizing on news of premium increases of up to 39 percent for some California customers of WellPoint Inc's (WLP.N) Anthem Blue Cross plans to create momentum ahead of its healthcare summit on Thursday.
Obama's move to give the government new authority over rate increases by private insurers weighed against a decision on Medicare payments late on Friday.
The Centers for Medicare & Medicaid Services announced a preliminary 1.38 percent hike in 2011 to a baseline payment rate for Medicare Advantage plans, which are offered by companies.
Analysts said the closely watched announcement was better than expected for health insurers, following last year's decision that led to far lower- than-expected rates for 2010.
President Barack Obama is proposing giving the U.S. government new power to block health insurers from attempting excessive premium hikes.
The White House has health insurers in its sights, seizing on news of premium increases of up to 39 percent for some California customers of WellPoint Inc's (WLP.N) Anthem Blue Cross plans to create momentum ahead of its healthcare summit on Thursday.
Obama's move to give the government new authority over rate increases by private insurers weighed against a decision on Medicare payments late on Friday.
The Centers for Medicare & Medicaid Services announced a preliminary 1.38 percent hike in 2011 to a baseline payment rate for Medicare Advantage plans, which are offered by companies.
Analysts said the closely watched announcement was better than expected for health insurers, following last year's decision that led to far lower- than-expected rates for 2010.
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