Obama to propose limits on insurance rates

President Barack Obama talks to reporters following his meeting with Congressional Democrats and Republicans appealing for bipartisanship on fixing the economy, in the White House press briefing room in Washington, Tuesday, Feb. 9, 2010. (AP Photo/J. Scott Applewhite) (AP Photo/J. Scott Applewhite)

February 21, 2010 7:40:52 PM PST
President Barack Obama will propose giving federal authorities the power to limit rate hikes by health insurance companies - part of a new health care overhaul plan he will unveil Monday in a last-ditch bid to salvage his signature issue.