Life Insurance and other Financial Services

Obama's Checkup: One Month After, a Health Care Progress Report ABC News (blog)

08.05.10

ABC News' Sunlen Miller Reports: “This is what change looks like,” President Obama touts in his weekly address, giving his administration a pat on the back, one month after health care reform was passed into law.

“It has now been a little over a month since I signed health insurance reform into law.  And while it will take some time to fully implement this law, reform is already delivering real benefits to millions of Americans.  Already, we are seeing a health care system that holds insurance companies more accountable and gives consumers more control.”

Mr. Obama says that there have been some “real, tangible benefits” already seen by the American people.

“After our administration demanded that Anthem Blue Cross justify a 39% premium increase on Californians, the company admitted the error and backed off its plan.  And this week, our Secretary of Health and Human Services, Kathleen Sebelius, wrote a letter to all states urging them to investigate other rate hikes and stop insurance companies from gaming the system.  To help states achieve this goal, we’ve set up a new Office of Consumer Information and Insurance Oversight, and will provide grants to states with the best oversight programs. “

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