Feds call health insurance rate hikes in 3 states

New York Times:

The Obama administration said Thursday that rate increases sought by a health insurancecompany were unreasonable, and it ordered the insurer to rescind them or justify its refusal to do so.

Kathleen Sebelius, the secretary of health and human services, issued the finding against the carrier, Trustmark Life Insurance Company, a unit of Trustmark Mutual Holding Company.

Obamacare gave the HHS the right, in certain circumstances, to veto health insurance increases. It was invoked once before, in Pennsylvania. This appears to be the first time increases in multiple states have been called out.

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