Wednesday, June 23, 2010

President Obama Urges Insurance Companies to Control Costs

On Tuesday, President Obama urged insurance companies not to increase the price of premiums despite the rising cost of healthcare and health reform. Health reform does not allow the government to regulate the cost of insurance; however, there are safeguards in place such as requirements that companies be transparent with cost increases, and exchanges that allow for competitive markets.

This warning from the President is a reminder that the health reform plan passed by Congress will not be the final solution to solve current problems with healthcare costs and access. In addition to the government, insurance companies, hospitals, healthcare professionals, and everyone involved in the delivery of care must work together to create a better healthcare system.

Source: The New York Times

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