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Only about half the states give insurance commissioners power to veto rates deemed excessive; all should allow regulators to reject unfair increases before they happen.
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According to the White House, Obama wants to see credit card legislation "ban unfair rate increases and forbid abusive fees and penalties," eliminate fine print on statements and increase law enforcement against "deceptive" practices.
He demanded stronger protections against unfair rate increases and abusive fees along with more oversight and enforcement.
Echostar contends that Disney, which also owns the popular Disney and ESPN channels carried by EchoStar, is seeking unfair rate increases for its ABC Family and ESPN Classic channels.
"Labour opposed these measures in parliament when they came in just two months ago, and we are pleased the justice secretary has finally given in to all those who argued against these unfair fee increases".
Last week, their set-top boxes were tuned automatically to Channel 1999, where a message on a loop blamed the News Corporation for trying to "extort unreasonable and unfair fee increases".
The governor is moving in the right direction by giving Attorney General Eliot Spitzer more authority to go after those who have been bilking the industry, but the state still needs to provide better protection for consumers against unfair rate increases by insurance companies.
"The competition authorities must now look at both the proposed mergers [that of 02 and 3 as well] and the market in the round to make sure that consumers are protected from unfair price increases or poorer service as a result of less competition".
On that topic, the reforms also crack down on unfair rent increases.
At AARP, we will keep fighting to protect older Americans from unfair premium increases, maintain safeguards for people with pre-existing conditions, preserve the promise of Medicare, and the safety net that Medicaid provides to those most in need.
It has become clear to me that insurance companies will continue to impose unfair rate increases on consumers unless state and federal regulators have the authority to block them.
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com