March 27, 2014
Re “Couple shocked by 90% rate hikes,” Column, March 25 Change the names from “Mike and Judy Holtzman” to “Norm and Susan Zareski” and from “John Hancock” to “CalPERS,” and my wife and I could have been the subjects of David Lazarus' column on long-term care insurance and the shocking price increases. In our case, the projected increase by 2015 is 85%. This comes after several smaller increases over the last five to 10 years. What's going on here? Norm Zareski Palos Verdes Estates I felt like I was reading a bit of personal history in this column.
CALIFORNIA | LOCAL
March 17, 2014 |
Scores of small businesses burned in a payroll-tax scam got some welcome news late last week when an insurance company said it would cover $3 million of their total losses. "We won't get all of our money back, but at least it looks like we will get a good chunk," said Melissa Meltzer, who with her husband, Robert, owns a Los Angeles children's fitness franchise that lost about $55,000. The Meltzers are among about 150 mostly Southern California restaurateurs, dentists, hairstylists and others who learned around Christmas that money they had deposited with LA Payroll for state and federal taxes had disappeared - as had the company's owner, Tovmas Grigoryan.
March 13, 2014 |
When the Food & Drug Administration last November ordered the Mountain View, Calif.-based firm 23andMe to stop marketing its health-related genetic test kit to consumers, the ensuing debate took on a "rage against the machine" tenor. Entrepreneurs, patients' rights advocates and genetics geeks across the country argued that the plodding, risk-averse regulators of the FDA had neither the right nor the expertise to insert themselves between people wishing to own whatever mysteries their genes contained, and a company that promised to deliver such information.
CALIFORNIA | LOCAL
February 18, 2014 |
SACRAMENTO - A protracted political battle over California's medical malpractice law may be coming to a new front: the voting booth. For decades, trial lawyers and consumer groups have railed against limits on certain damages in malpractice cases, arguing that such restrictions deny victims fair compensation for grisly medical mistakes. Insurance companies, doctors and other healthcare providers have been equally vigorous in defending the law, saying it is crucial to controlling costs and maintaining the availability of care.
February 13, 2014 |
A Democratic candidate who has explicitly defended Obamacare holds a slight lead in a special congressional election in Florida that both parties are eyeing as a test of the political impact of the healthcare law. A poll released Thursday by the Tampa Bay Times shows Democrat Alex Sink leading her Republican opponent, David Jolly, 42% to 35% among people considered likely to vote in the March 11 special election. Another 14% of respondents said they were undecided in the poll, which has a margin of error of plus or minus 4 percentage points.
February 9, 2014 |
The recent Congressional Budget Office report on healthcare reform has lots of good news. Insurance premiums are lower than anticipated, the Affordable Care Act will cost $9 billion less than previously estimated and the provision designed to buffer insurance companies from risk will actually raise revenue, not function as any sort of federal government bailout. But the good news has not gotten much attention because the CBO also projected that, within the next several years, healthcare reform may reduce employment and worker hours by the equivalent of about 2 million full-time positions.