One of the lesser-discussed requirements written into the Affordable Care Act is the section that requires additional regulatory scrutiny on both the state and federal levels when an insurance company seeks a premiumrate increase in excess of 10 percent.
It also plans to unshackle health-care costs from labor costs by freezing the amount employers pay into the system and shifting from income-based contributions toward a flat-rate health insurancepremium.
Health insurers started sending out notices in January informing insurance brokers and agents that the companies will no longer guarantee that premiumrate.
Mr. BRIAN MONTGOMERY (Federal Housing Commissioner, U.S. Department of Housing and Urban Development): And that's the main difference between FHA and the subprime, is we price for the risk with an insurancepremium, whereas in most of the subprime world, they price the risk in the interest rate.