When Obamacare was making its way through Congress, the Congressional Budget Office warned that premiums in the individual market would increase by 10-13 percent.
The Congressional Budget Office estimated that the law would drive individual insurance premiums up by as much as 30% because it required policies to cover more and share fewer costs with beneficiaries.
When Mr. Romney took office in 2003, the state was already enforcing public utility-style regulation of insurers for premiums and multiple benefit mandates.
Meanwhile, the Office of Fair Trading said it was putting motor insurance under the spotlight after drivers had seen premiums rise by 40% on average in a year.