Federal News

Obama, Republicans Clash at Healthcare Summit

President Barack Obama and Republicans clashed frequently Thursday at a summit on his stalled healthcare overhaul, battling over the size and cost of the proposal and moving no closer to a compromise agreement. Obama told about 40 congressional leaders his …

Key Senator Reports Compromise Reached on U.S. Patent Reform

Leading U.S. lawmakers have reached a tentative agreement to reform the nation’s patent system, according to Senator Patrick Leahy, chairman of the Judiciary Committee and a leader in the effort. Leahy did not provide details of the compromise on Thursday, …

Obama Officials Say Health Plan Has Republican Ideas

Republicans should find things to like in President Barack Obama’s healthcare reform plan because they were taken from Republican bills or have been advocated by Republicans, the president’s top healthcare reform officials said Thursday. In an opinion piece for The …

Obama Hopeful, Republicans Wary as Healthcare Summit Takes to Airwaves

President Barack Obama launches a last-ditch bid to salvage his stalled healthcare overhaul Thursday at a televised summit that could offer more potential for political theater than problem solving. After months of heated battle over healthcare reform in the Congress, …

Federal Rate Regulation Threatens Solvency, Health Insurers Warn

President Obama’s latest push for a health care overhaul could drive health plans around the country into insolvency, according to an insurance trade group. A plan released Monday by the White House would give the federal government the power to …

U.S. House Passes Repeal of Health Insurers’ Antitrust Exemption

The U.S. House of Representatives voted Wednesday to take a 65-year-old antitrust exemption away from health insurance companies, leaning hard on an industry that has been the focus of criticism for fast-rising rates. The chamber voted 406 to 19 to …

Obama Backs Repeal of Health Insurers’ Antitrust Exemption

The Obama administration on Tuesday threw its weight behind a bid to repeal an anti-trust exemption protecting health insurers, keeping the industry in its crosshairs as it prepares to host a bipartisan summit on revamping U.S. healthcare. “Today the president …

FDA Says Changes Needed in Review of Medical Devices

Food and Drug Administration staff said they face difficulties in reviewing certain medical devices, hurdles that may call for additional regulations and authorities, even as the industry defended the current approval process. At a public meeting Thursday, held to discuss …

Liberty Mutual Says It Was Victim of Fraud by General Re

Liberty Mutual Insurance Co. last Friday asked a federal judge to undo part of a recent settlement by a reinsurance unit of Warren Buffett’s Berkshire Hathaway Inc. with federal investigators, saying it was a victim of fraud. The reinsurer, General …

IRS, States Target Employers’ Use of Independent Contractors

The Internal Revenue Service and 37 states are cracking down on companies that try to trim payroll costs by illegally classifying workers as independent contractors, rather than as full employees, The Associated Press has learned. The practice costs governments billions …