You knew this was coming. From the Associated Press:
The White House announcement comes as administration officials meet privately with state insurance commissioners, and CEOs of major insurance companies, amid concerns over continued premium hikes. Obama was expected to attend at least part of the session, and is scheduled to make a speech later.
Consumers who buy their policies directly faced increases averaging 20 percent this year, according to a survey released Monday by the Kaiser Family Foundation. Although most Americans are covered on the job, about 14 million purchase insurance on the individual market and have the least bargaining power when it comes to costs.
It’s still unclear how insurance companies will price the new guaranteed coverage for children. If premiums are too high, families may still be unable to get health insurance.
Entire article here.
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