Rate Regulation for Health Insurance: Obama Administration Should Look to CA’s Model Law Which Has Saved Drivers $62 … (PR Newswire via Yahoo! News)

WASHINGTON, Feb. 22 /PRNewswire-USNewswire/ — The consumer group that pioneered the most successful insurance premium regulation law in the nation, California’s Proposition 103, today said only the extension of such “prior approval” regulation to health insurance can begin to make insurance affordable in the wake of double digit premium increases that have dramatically out-paced wages.