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House Passes Huge GOP Budget Cuts, Opposing Obama
By not in system - AOL NewsWASHINGTON -- In a prelude to a summer showdown with President Barack Obama, Republicans controlling the House pushed to passage on Friday a bold but politically dangerous budget blueprint to slash social safety net programs like food stamps and Medicaid and fundamentally restructure Medicare health care for the elderly. The nonbinding plan lays out a fiscal vision cutting $6.2 trillion from yearly federal deficits over the coming decade and calls for transforming Medicare from a program in which the government directly pays medical bills into a voucher-like system that subsidizes purchases ...
Intrigue, Brinksmanship Woven Into Hidden World of Pirate Ransoms
By Sharon Weinberger - AOL NewsWhen Tunisia's transport ministry announced earlier this month that it had secured the release of the hijacked ship the Hannibal II and its 31 crew members, authorities released few details other than saying it had paid a $2 million ransom to the Somali pirates. These kinds of payments are now so common that they've given rise to a formal system of insurers, ransom experts and security consultants who specialize in piracy. There may be no official playbook for dealing with piracy, but in interviews with AOL News, those involved in the settlements describe a hidden world of money drops, ...
If It Rains April 8, You Could Have a Free Car
By Ben Muessig - AOL NewsApril showers bring May flowers. April downpours may bring free cars. If it rains more than 1 inch on the morning of April 8, a Florida car dealership will let any customer who bought a car in March have the vehicle for free. "Every car dealer advertises the same way," Jeff King, vice president and general manager Bozard Ford Lincoln Mercury, told AOL News. "They open up their mouth and they start screaming at people. In this market that we're in, when you do that, people just don't come in the way they used to come in. Courtesy Bozard Ford Lincoln This rainy day won't get you ...
111 Charged in Medicare Scams Worth $225 Million
By not in system - AOL NewsMIAMI -- Federal authorities charged more than 100 doctors, nurses and physical therapists in nine cities with Medicare fraud Thursday, part of a massive nationwide bust that snared more suspects than any other in history. More than 700 law enforcement agents fanned out to arrest dozens of people accused of illegally billing Medicare more than $225 million. The arrests are the latest in a string of major busts in the past two years as authorities have struggled to pare the fraud that's believed to cost the government between $60 billion and $90 billion each year. Stopping Medicare's budget ...
Opinion: Waiver-ing on Health Care Reform
By John Merline - AOL NewsWhen the House passed health reform in March, Joe Hansen, president of the United Food and Commercial Workers International Union, responded with fulsome praise. "This is an achievement that will rank among the highest in our national experience," he said. Among other things, he said, the law would put "an end to the worst of insurance company abuses," including "lifetime limits on the dollar value of benefits." Less than six months later, UFCW sent a note to its members complaining that "the gradual elimination of annual limits on benefits under the Act has a significant impact on many of ...
Farmers Deposit Seeds in Arctic Doomsday Vault, Patrolled by Polar Bears
By Matthew Hall - AOL NewsFarmers from Australia are the latest donors to a polar bear-patrolled Arctic doomsday vault that stores seeds as insurance against an international food emergency. The Svalbard Global Seed Vault, a converted mine, is located about 800 miles from the North Pole in Arctic Norway. An Australian delegation of farmers and scientists next week will deposit 301 samples of peas and 42 rare chickpeas in the vault, intending to protect the plant species from extinction by climatic or man-made events. John McConnico, AP Australian farmers and scientists next week will deposit 301 samples ...
Driver Crashes Into Her Own Insurance Company
By Beau Brendler - AOL NewsMaybe the Saab sedan was possessed by the spirit of the mysterious "Mayhem" guy from the Allstate commercials. Fire Department officials in Tampa, Fla., still are not sure why the car, driven by a mother with her child and a male passenger, seemed to swerve off the road, jump a curb and leave a gaping hole in the wall of the building where the driver's insurance agent works. After the Tampa Fire Department got a call about 8:30 p.m. Monday, they found the car still wedged in the wall of the one-story concrete-block office. The building was closed for business and no one in the car was ...
Opinion: The High Cost of Repealing Health Reform
By not in system - AOL NewsBefore the ink was even dry on the Affordable Care Act, opponents of reform have been working overtime, doing anything and everything they can to repeal health reform -- and the vital consumer protections that are included in the law. For anti-health care Republicans, "repeal" might make for good political fodder, but for the rest of us, it comes with serious consequences. AOL News Debate: Repeal Health Care Reform? No: The Costs of Repeal Are Far Too High -- Ron Pollack, Families USA Yes: Obamacare Is Already Falling Apart -- Sally C. Pipes, Pacific ...
Vietnam Vet Battling Cancer Regains Insurance Lost Over 2-Cent Shortfall
By Mara Gay - AOL NewsRonald Flanagan was already exhausted. The Vietnam veteran was fighting cancer and was just about to get a biopsy before a stem cell transplant when his wife burst into the room with some very bad news: The couple had been dropped by their insurance carrier and couldn't pay for the procedure. The reason for the dropped coverage? The Flanagans, from Thornton, Colo., were 2 cents short on their $328.69 premium payment, something Frances Flanagan says was a simple accounting error she made while paying the bill on the computer. "I pressed the '7' instead of the '9,' " she told AOL News today by ...
Opinion: What the White House Left Out of Its 'Pre-Existing Conditions' Report
By John Merline - AOL NewsA report that says nearly half of all non-elderly Americans are at risk of losing their health insurance coverage thanks to a pre-existing condition is enough to get anyone's attention -- even when it's part of a White House political campaign to undermine the Republicans' health care reform repeal effort. But that's the finding of an analysis from the Department of Health and Human Services, which concludes that "129 million people could be denied affordable coverage without health reform." That's because, the report says, between 50 million and 129 million non-elderly Americans have a ...
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