Quote of the Day

“The issue for us as regulators is that when you weigh all of the tax increases and the cost of doing business to meet the requirements of the [Affordable Care Act] there is no way that you can stand up and say we are going to have lower premiums than we had before....We as regulators can’t artificially hold rates.” — Miss. Insurance Commissioner Mike Chaney (R), at an April 17 White House meeting between President Obama and 44 state insurance commissioners.