Healthcare overhaul won't stop premium increases

The L.A. Times reports:

Public outrage over double-digit rate hikes for health insurance may have helped push President Obama's healthcare overhaul across the finish line, but the new law does not give regulators the power to block similar increases in the future.

And now, with some major companies already moving to boost premiums and others poised to follow suit, millions of Americans may feel an unexpected jolt in the pocketbook.

The government joined in with insurance companies to limit supply and cartelize a market. Too bad Congress wasn't for competition across state lines.