Democratic leader Harry Reid said Monday the U.S. Senate’s healthcare overhaul will include a government-run insurance plan that lets states opt out, handing liberals an early victory on the bill’s most contentious issue. After days of closed-door talks, Reid said …
Democratic lawmakers are seeking to stir up competition by stripping health insurers of their protection from certain federal antitrust laws, although experts shrug off the effort as largely symbolic. Speaker Nancy Pelosi said last Thursday she plans to include a …
Attacks by President Obama and Congressional Democrats against private health insurers will have a “spillover effect” on other segments of the private insurance marketplace, a property/casualty insurance trade group executive has warned. David A. Sampson, president and CEO of the …
The House Financial Services Committee has adopted an amendment ensuring that all lines of property/casualty insurance would be exempted from the jurisdiction of the new proposed federal Consumer Financial Protection Agency. Proposed by Rep. Gwen Moore, D-Wisc., and Erik Paulsen, …
Senate Democrats focused Thursday on a potential compromise on a government-run “public” health insurance option that would create a national plan but let states opt out if they chose. The compromise, designed to resolve one of the most contentious issues …
Top earners at financial and auto companies bailed out by the U.S. government will see their pay slashed under an Obama administration plan aimed at addressing public outrage over eye-popping paychecks, two sources familiar with the matter said on Wednesday. …
Democrats in Congress moved Wednesday to repeal the health insurance industry’s exemption from antitrust laws, cranking up the pressure in a growing battle over President Barack Obama’s healthcare reform plans. The moves were the latest chapter in an escalating feud …
President Barack Obama will announce a package of initiatives Wednesday to increase credit to small businesses, an administration official said Tuesday. “The proposal will increase the caps for existing SBA (Small Business Administration) loans and give small banks better access …
A U.S. congressional committee has dropped a key provision from a financial reform bill aimed at reducing investor reliance on credit ratings, according to draft legislation released on Tuesday. The provision, first proposed by the Obama administration, calls for across-the-board …
Republicans will seek amendments to parts of the Democrat’s healthcare reform they oppose, rather than push for an alternative plan to overhaul the $2.5 trillion system, a key senator said Monday. Conservatives are seeking changes that would limit medical malpractice …
