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Sebelius censures insurers over rate hikes, big profits

Health and Human Services Secretary Kathleen Sebelius criticized America's largest health insurance companies Thursday following the release of a report that points to rate hikes and inflated profits as cause for health insurance reform.

By Jenny Ivy | Updated on February 18, 2010

Health and Human Services Secretary Kathleen Sebelius criticized America’s largest health insurance companies Thursday following the release of a report that points to rate hikes and inflated profits as cause for health insurance reform.

Insurance Companies Prosper, Families Suffer: Our Broken Health Insurance System highlights several insurance premium hikes across the country and comes on the heels of an announcement from Anthem Blue Cross that it may raise rates on its California customers by as much as 39 percent.

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