Tag: Financial services

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Health

Insurance markets open to surge of new customers

Wendy Jackson, left, and others with Independence Blue Cross mark the opening health insurance exchange by providing information on health carereform at Suburban Station Tuesday, Oct. 1, 2013, in Philadelphia. (AP Photo/Matt Rourke) by Carla JohnsonAP Medical Writer CHICAGO (AP) — The online insurance marketplaces that are at the heart of President Barack Obama’s health care overhaul struggled to handle the wave of new consumers Tuesday, the first day of a six-month open-enrollment period.

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Health

Premiums unveiled for health overhaul plans

Health and Human Services Secretary Kathleen Sebelius speaks during an event discussing the federal health care overhaul in Philadelphia. (AP Photo/Matt Rourke, File) by Ricardo Alonso-ZalvidarAssociated Press Writer WASHINGTON (AP) — With new health insurance markets launching next week, the Obama administration is unveiling premiums and plan choices for 36 states where the federal government is taking the lead to cover uninsured residents. Before tax credits that work like an upfront discount for most consumers, sticker-price premiums for a mid-range benchmark plan will average $328 a month nationally for an individual, comparable to payments for a new car.

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Health

Obamacare trade-off: low premium, high deductible

This April 30, 2013 file photo shows the short form for the new federal Affordable Care Act application in Washington. Getting covered through President Barack Obama’s health care law might feel like a combination of doing your taxes and making a big purchase that requires some research. You’ll need accurate income information for your household, plus some understanding of how health insurance works, so you can get the financial assistance you qualify for and pick a health plan that’s right for your needs. (AP Photo/J. David Ake) by Ricardo Alonso-ZaldivarAssociated Press Writer WASHINGTON (AP) — You might be pleased with the low monthly premium for one of the new health insurance plans under President Barack Obama’s overhaul, but the added expense of copayments and deductibles could burn a hole in your wallet.

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National

Traffic cameras bring tiny Ohio village to a stop

Catherine Jones sits outside her namesake restaurant, in Elmwood Place, Ohio. Jones understands the community’s need to install speed cameras to quell speeding, but now she is among many small business owners worried that the cameras have given the village a speed trap stigma. (AP Photo/Al Behrman, File) by Dan Sewell ELMWOOD PLACE, Ohio (AP) — This little village had a big problem. Each day, thousands of cars — sometimes as many as 18,000 — rolled along Elmwood Place’s streets, crossing the third-of-a-mile town to get to neighboring Cincinnati or major employers in bustling suburbs or heavily traveled Interstate 75. Many zipped by Elmwood Place’s modest homes and small businesses at speeds well above the 25 mph limit. Bedeviled by tight budgets, the police force was undermanned. The situation, villagers feared, was dangerous. Then the cameras were turned on, and all hell broke loose.

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Health

Some hospitals charge vastly more for same care

HHS SECRETARY KATHLEEN SEBELIUS (AP Photo/J. Scott Applewhite) by Connie Cass and Lauran Neergaard WASHINGTON (AP) — Hospitals within the same city sometimes charge tens of thousands of dollars more for the same procedures, according to figures the government released for the first time Wednesday. The federal list sheds new light on the mystery of just how high a hospital bill might go — and whether it’s cheaper to get the care somewhere else.

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National

Veteran N.C. Congressman Watt gets Federal Housing Finance Agency nod

President Barack Obama announces his nominee for the Federal Housing Finance Agency, Rep. Mel Watt, D-N.C., Wednesday, May 1, in the State Dining of the White House in Washington. (AP Photo/Jacquelyn Martin) WASHINGTON (AP) —President Barack Obama on Wednesday tapped a veteran Democratic congressman to lead the Federal Housing Finance Agency and a top fundraiser and former lobbyist to head up the Federal Communications Commission.

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People

Tyson sues Live Nation over alleged embezzlement

ONE MAN SHOW—In this June 18, 2012 photo, former heavyweight boxer Mike Tyson announces “Mike Tyson: Undisputed Truth” a one man show on Broadway, in New York. (Photo by Evan Agostini/Invision/AP, File) LOS ANGELES (AP) — Mike Tyson sued a financial services firm owned by Live Nation Entertainment on Wednesday, claiming one of its advisers embezzled more than $300,000 from the former heavyweight champ and cost him millions more in lost earnings.

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Health

States' choices set up national health experiment

‘OBAMACARE’ READY TO LAUNCH–Health and Human Services Secretary Kathleen Sebelius gestures while speaking during a news conference at the Treasury Department in Washington in April, 2012. (AP Photo/Susan Walsh, File) by Ricardo Alonso-Zaldivar Associated Press WriterWASHINGTON (AP) — President Barack Obama’s health care overhaul is unfolding as a national experiment with American consumers as the guinea pigs: Who will do a better job getting uninsured people covered, the states or the feds?