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The US President wants to revisit the economic idea of price controls—which failed when it was tried in the 1970s—this time in healthcare. He has proposed setting up a Health Insurance Rate Authority which would determine whether health-insurance companies are charging too much for coverage.
Shadi Katyal
1 decade agoThis article is typical misleading and that is what the neo conservative Republicans has been doing. Why not add the word Obama now plans health insurance price increase control? Which again will be misleading.
Obama does not want health insurance premiums to be rising 39% as is happening.He is trying to control such rises because of unemployment and economic crisis.
The President wants to cover almost everyone in health insurance which for most of Republican is an enigma ss they think it is leftist and socialism.