By Sam Baker - 01/24/12 04:46 AM EST
Sebelius said other, federally run parts of the law will act as a check on insurers, including a provision that requires them to spend 80 percent of their premiums on healthcare costs.
But, Stewart said, “if they can’t do that, and don’t want to, they get a waiver.”
HHS has agreed to modify the 80 percent threshold in a handful of states, though it has rejected most states’ requests.
“By and large, we have said no,” Sebelius responded.