December 19, 2011 |
I just received a letter from my cardiologist's medical group saying they will be charging a $350 annual fee for administrative costs. This is the first time I've seen a medical group charging an annual fee to its patients. Is this what the bad economy has come to? The fee appears exorbitant and discriminatory against less wealthy individuals. Though charging for administrative services isn't yet widely common, the practice is growing, says James Doherty, an attorney who works with physician practices in Columbia, Md. There are a variety of reasons why, adds Dr. Glen Stream, president of the American Academy of Family Physicians: the bad economy, a downward trend in physician reimbursement and a growing list of administrative tasks heaped onto physician practices by insurance companies.
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.
December 16, 2012
THE $2 BILLION TO BUY THE DODGERS $100 million: Guggenheim Partners Chief Executive Mark Walter $100 million: Guggenheim Partners President Todd Boehly $100 million: Texas energy investor Bobby Patton $50 million: Magic Johnson $25 million: Mandalay Entertainment Group Chairman Peter Guber $412 million: Debt assumption $1.213 billion: Guggenheim Partners insurance companies controlled by Walter The new owners also...
August 23, 2013 |
Victoria Barzilai opened her mouth wide so the doctor could look at her sore throat. Not exactly a remarkable event, except that Barzilai was at home and the doctor was hundreds of miles away. Feeling too sick to drag herself to the school health center, the third-year UC Davis student had opted for a cyber-doctor visit, the 21st century version of a house call. A number of websites offer face-to-face consultations of the virtual kind to anyone with a credit card and access to a webcam-equipped computer.
CALIFORNIA | LOCAL
December 31, 1990
The supporters of Proposition 103 were foolish to believe that any action short of recalling insurance commissioner Roxani Gillespie would provide relief from rising insurance companies. Her lame-duck actions reveal that the system doesn't have checks and balances, rather it favors the checks that don't bounce and large insurance companies' account balances. J. BRIAN AMSTER, Newport Beach
February 8, 2013 |
In journalism, a “standing hed” is a headline that can be used over and over because the event it describes is recurring. My favorite standing hed is “Pope Prays for Peace,” but the New York Times this week had one that is becoming equally familiar: “Bishops Reject Birth Control Compromise.” The main point of the story was that the U.S. Conference of Catholic Bishops had rejected the Obama administration's latest tinkering with its...
July 13, 1991 |
New York state is investigating auto insurance companies for failing to give required discounts to consumers who have safety and anti-theft devices on their cars, officials said Friday. Attorney General Robert Abrams said car owners have been cheated out of as much as $30 million in New York--and more nationally--by insurance companies that advertise discounts and then don't give them.
CALIFORNIA | LOCAL
November 19, 1988
Isn't it time for our government to start an InsureCare program so that, in addition to health care, people can buy automobile, household and other insurance at a reasonable, affordable price? If the government made only half the profit made by the insurance companies, it would go a long way toward paying off the deficit. So let the insurance companies in the private sector move to Siberia! MONROE RUBINGER Beverly Hills
March 24, 2006 |
A federal judge ordered Martin Frankel on Thursday to serve the same sentence he got in 2004 for stealing $200 million from insurance companies: nearly 17 years in federal prison. The former financier was ordered resentenced after a Supreme Court ruling last year gave judges more leeway in their use of sentencing guidelines. During a brief hearing in U.S. District Court, Judge Ellen B. Burns said she saw no reason to alter the sentence.
CALIFORNIA | LOCAL
August 10, 2012 |
The state of California is likely to receive tens of millions of dollars more from insurance companies to clean up the Stringfellow Acid Pits toxic waste dump as a result of a ruling Thursday by the California Supreme Court. In a unanimous decision, the high court said consecutive insurance policies by various companies required each to pay up to their policy limits for damage caused by the Riverside County waste site. The companies wanted to restrict liability to just a share of the damage that occurred during the time each insurer's policy was in effect.