By regulation I mean the nationwide imposition of rules that would prevent insurance companies from denying coverage based on your medical history, or dropping your coverage when you get sick.

这里说的管制，就是在全国范围内强行规定，禁止保险公司依据医史拒绝保险，或发病时取消保险。

youdao

But the most interesting thing about it is something subtler: a push to move from our current system of regulation-often known as "rules-based" -toward a "principles-based" approach.

不过最有趣的是这样一件敏感的事儿：这计划将我们目前的管理系统——通常认为它是以“规则为导向”转变为以“原则为导向”的方法。

youdao