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Obama, NY health proposals aim to regulate rate hikes

Quick ReadObama's proposal to give the federal government power to regulate health insurance rate increases is similar to what has already been proposed in New York.

President Barack Obama's proposal to give the federal government power to regulate health insurance rate increases is similar to what has already been proposed in New York.

In the current budget proposal, Gov. David A. Paterson has called for reinstating a requirement that health insurance rates be approved by the state insurance department. And the head of the Assembly's insurance panel,...

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