Vice President Joe Biden told state insurance regulators this week that “soaring” health care premiums are hurting families and businesses, which he said underscores the need for a healthcare overhaul. “Health insurance premiums in states have gone up between 90 …
A U.S. House panel abruptly postponed a hearing into accusations that Moody’s Corp. knowingly issued incorrect ratings after Republicans demanded more time to review a whistleblower’s complaint. Democratic leaders of the House Oversight and Government Reform Committee had planned to …
Craig Fugate brought three lessons with him when he took over the Federal Emergency Management Agency: Always be ready for disasters, make sure people take responsibility for themselves and get the message out creatively. He also is stressing FEMA isn’t …
The secret to fixing healthcare in the United States is to focus on value, a measure that takes into account both quality and cost, says Dr. Denis Cortese, president of the Mayo Clinic. The Rochester, Minnesota-based network of clinics is …
Home, auto and business insurers did not cause the current financial crisis, do not present systemic risk, and are already regulated effectively, a group of them is telling federal lawmakers looking at expanding financial services regulation. J. Douglas Robinson, chairman …
The following are excerpts from Rep. Barney Frank’s memo to Democratic lawmakers on the possible changes to the proposed Consumer Financial Protection Agency. Nonfinancial Businesses Exempt – Merchants, retailers and other nonfinancial businesses will be excluded from the regulation and …
U.S. Treasury Secretary Timothy Geithner argued forcefully Wednesday for creating a government watchdog for financial consumers, while giving cautious support to paring back its scope. Amid stiff resistance by banks and Republicans to the proposed Consumer Financial Protection Agency, Geithner …
Blame for the financial crisis and the near collapse of American International Group should reflect “the substantial evidence of fundamental failures in U.S. and foreign regulation of commercial banking, thrift lending, and investment banking,” according to a new report that …
The White House kept insurance companies squarely in its sights Tuesday in the push for healthcare reform by releasing research showing that health insurance premiums have risen far faster than inflation in every U.S. state. U.S. states have experienced premium …
The U.S. Senate Finance Committee opened consideration of its long-delayed health care reform bill Tuesday, with affordability topping the list of concerns for Democrats who control the panel. Committee members filed 564 potential amendments to the health care plan offered …
