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Rate Regulation for Health Insurance: Biden, Obama Administration Should Look to CA's Model Law Which Has Saved Drivers $62 Billion Since 1988
Date:9/22/2009

tate insurance commissioner an elected position accountable directly to the voters, not a political appointee.

Download Consumer Watchdog's report, Regulation, Not Deregulation: The Prescription for Lowering Health Costs Without Cutting Coverage (With or Without a Public Option), at: http://www.ConsumerWatchdog.org/resources/Regulate_Not_Deregulate.pdf

Baucus Proposal

The new health reform plan released last week by U.S. Senate Finance Committee Chairman Max Baucus (D-MT) will charge middle-class families nearly 20% of their annual income for health coverage, while letting insurance companies charge what they please for policies, said Consumer Watchdog.

Prior approval regulation would control the startling health premium and out-of-pocket rates under the Baucus proposal illustrated in a chart leaked from the Senate Finance Committee, showing yearly average out of pocket costs of $15,300 for a family of four making $78,000.

Consumer Watchdog is a nonpartisan consumer advocacy organization with offices in Washington, D.C. and Santa Monica, CA. Find us on the web at: http://www.ConsumerWatchdog.org


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SOURCE Consumer Watchdog
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