POTUS

Obama Takes on Insurers

Following a meeting Friday with the chief executives of the country's four largest health-insurance companies, President Obama took to the airwaves Saturday morning to attack the group's latest rate hikes. "They couldn't give me a straight answer as to why they keep arbitrarily and massively raising premiums—by as much as 60 percent in states like Illinois," Obama said in his weekly radio address. "If we do not act, they will continue to do this." The president repeated his call to Congress to finish health-care legislation, which the House and Senate are working to pass within weeks. "I know it has been a long and hard road to this point," Obama said. "And we are not finished with our journey just yet. But we are close. We are very close. And so I ask Congress to finish its work."