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 This is testimony given today before a Senate Health, Education, Labor, & Pensions Committee hearing on a proposal to give the federal government authority to review health insurance premiums and to impose penalties if they are deemed “unreasonable.”

The fact that Congress already is revisiting the issue of health costs shows its health overhaul law fails to address the central issue in the health reform debate. In fact, the legislation enacted last month contains many provisions which will cause health costs and health insurance premiums to rise even faster than otherwise.