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Dec 19, 2009 9:41 AM by Associated Press

Senate compromise: New limits on health insurers

The top Senate Democrat has released a health overhaul compromise that puts new limits on insurance company profits and tries to resolve a standoff over limits on abortion coverage.

Majority Leader Harry Reid, D-Nev., introduced the latest version early Saturday as the Senate pressed for a final vote by Christmas.

The measure would require insurers in the individual market to spend 80 percent of premiums on medical care. The requirement for group policies would be 85 percent.

That would limit overhead and profits. Children could not be denied coverage for health problems.

On abortion, the measure would let states disallow coverage in new insurance exchanges.

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