On Thursday, Health and Human Services Secretary, Kathleen Sebelius summoned top Insurance Executives to the White House. She said that the health companies should justify "jaw-dropping rate increases" in health premiums.

"The top five largest for-profit insurance companies filed earnings of $12.2 billion last year while dropping coverage for 2.7 million Americans", Sebelius said. "It just doesn't make a lot of sense to people across America frightened that they're being priced out of the market".

The attendees at the meeting with Sebelius at the White House were CEOs of UnitedHealth Group Inc., WellPoint Inc., Aetna Inc., Health Care Service Corp. and Cigna Corp., and officials from the National Association of Insurance Commissioners.

President Obama came over for a short span and read the executives a letter from a 50-year-old cancer survivor from Ohio whose premium had been raised 40% this year. White House Press Secretary, Robert Gibbs revealed that the President said that such hike in rates is "unjustifiable".

Sebelius asked the insurance companies to put their rate requests online accompanying relevant information to justify those requests.

"Put it on a Web site, tell us what your loss trends are", she said. "Tell us what you're paying out. Tell us what you're spending in overhead and CEO salaries and advertising".