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Click here to visit the new home of Politics Daily!With too many pirates and not enough warships, the insurance companies that have been forced to pay huge ransoms for hijacked ships have come up with their own solution: They are proposing a privately operated fleet that would accompany ships through pirate-infested waters. This convoy escort program would establish a fleet of fast, armed patrol boats to combat the spate of pirate attacks in the Arabian Sea, Indian Ocean, Gulf of Aden and elsewhere. And the push for it is not coming from ship owners, but rather from those who pay the price when a ship is hijacked -- the insurers. AFP ...
(Sept. 22) -- The wait is over. A new era of health care coverage in America is set to begin this week, when some provisions of the Patient Protection and Affordable Care Act officially begin to be enforced by law. Many of the changes will be phased in over the next several years, but the debate over whether the legislation is good for the country continues to rage on, especially as the November midterm elections draw near. President Barack Obama spent much of Wednesday touting the legislation's new "Patient's Bill of Rights," and, via the White House website, attempted to combat what the ...
President Obama is expected to announce a series of new health care benefits today, including a firm plan to institute a patient's bill of rights. The Associated Press is reporting that Obama will announce the benefits after a series of meetings among insurance company executives, administration members and state insurance commissioners. Obama is expected to attend the meetings, where he'll offer a stern warning to insurance companies over rising premiums, officials say. "Our message to them is to work with this law, not against it; don't try and take advantage of it or we will work with ...
My fantasy of health reform is that it will put private insurance companies on the side of policyholders instead of shareholders, but this is clearly the pipe dream of a onetime public-option fanatic. Second best, in the real world, would be enough regulation to make medical care as important to companies as their bottom lines. There are many, many new insurance regulations in the House and Senate health bills, all designed to rein in private companies and expand consumer rights. As I slogged through them, I imagined an army of six-inch Lilliputians tying down the giant Gulliver with pieces ...
In Mike Kinsley's classic New Yorker essay on longevity, "Mine is Longer Than Yours" the writer notes that today, anywhere between 60 and 90 years is a normal life span. Though I currently have a life expectancy of 84 years and my husband 80.8, those figures are averages. For every one of my age cohort who dies before their 80s, another lives beyond them. My husband and I are at the very beginning of our lifespan countdown, but realistically, we should each expect to have a little over two decades left in our own lives. With luck and a great deal of medical maintenance, they will be rich and ...
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Health insurers are running a great big complicated business in which the well-being of their customers is only incidentally at issue. Just for starters, insurance policies are unreadable. Designed by actuaries and written by lawyers, the documentation explaining how 85% of Americans are supposedly "indemnified" for medical expenses is neither comprehensible nor particularly legible.Perhaps insurance companies' healthy customers are untroubled by the low transparency score of their policies because they rarely submit claims. Maybe the many insured persons who do need medical attention ...
Democrats focused on passing comprehensive health care reform are singling out the insurance industry as the bad guys. President Obama wants a bill with a government plan to help cover the 47 million Americans who are currently uninsured. ...
In a new turn, Democrats are using public mistrust of insurance companies as a tool in the health reform battle. The tactical shift is clear in their rhetorical shift. We're suddenly hearing about health insurance reform instead of health care reform. And who doesn't have a frozen spot in their heart for insurance companies? Who wouldn't like to see them forced to change? President Obama made the switch Wednesday night at his press conference and sustained it Thursday at a town hall meeting near Cleveland. In addition to changes in energy and education, he said, "We are pursuing health ...
With the ranks of the uninsured expected to swell to well over 50 million within the next 10 years, and many Americans afraid of losing not only jobs but the health benefits that come with them, the clock is ticking on health care reform. But what if, though not covered by an employer or the government, you applied for and were approved for a private plan? And, what if, unlike the millions of under-insured whose plans cover only a fraction of their costs, you were able to buy a decent plan so that, in the event of a major illness, you would be covered. Then, assuming you're able to keep up ...
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