US President Barack Obama has showcased his health care reform for the elderly, saying it has significantly extended the life of a health insurance program designed for them.

US President Barack Obama has showcased his health care reform for the elderly, saying it has significantly extended the life of a health insurance program designed for them.

President Barack Obama warned insurance firms on Tuesday not to use his healthcare overhaul as an opportunity to enact big rate increases and said the federal government would work with states to monitor them.

President Barack Obama will warn health insurance industry executives at a White House meeting on Tuesday against imposing big rate increases ahead of tighter rules under the new healthcare law, The New York Times reported.

President Barack Obama will meet with health insurers and state insurance commissioners at the White House this morning.