Finance :: Insurance

Ryan Unveils House GOP Budget Claiming Balance

By Andrew Taylor | Apr 2
Paul Ryan unveiled an updated Republican budget plan that would slash $5.1 trillion in federal spending over coming decade and promises to balance the government’s books with wide-ranging cuts in programs for the poor and working class.

Paul Garrett sits in front of his home in Jersey Shore, Pa. e says, "It’s going to turn the towns that are on the river into ghost towns. Because nobody’s going to want to pay that. Nobody’s going to want to live here. Property values are going to plummet. e says, "It’s going to turn the towns that are on the river into ghost towns. Because nobody’s going to want to pay that. Nobody’s going to want to live here. Property values are going to plummet."

No Easy Fix on Flood Insurance, but Options Exist

By David B. Caruso | Mar 26
There’s no easy fix for the National Flood Insurance Program, now drowning in a $24 billion sea of red ink.

Jack Durney, mayor of Hoquiam, Wash.

Flood Insurance Still on the Rise Despite New Law

By David B. Caruso | Mar 25
Earlier this month, Congress sought to ease their fears of sky-high premiums by rolling back a 2012 reform ending the government’s costly practice of offering subsidized insurance for older homes and businesses in flood zones.

Obamacare Plans Bring Hefty Fees for Certain Drugs

By Kelli Kennedy | Mar 24
Some have been shocked at how much their prescriptions are costing as insurers are sorting drug prices into a complex tier system and in some cases charging co-insurance rates as high as 50 percent.

Last Call: The Health Overhaul’s March 31 Deadline

Mar 12
Uninsured Americans face an important deadline at the end of this month, and many don’t realize it. March 31 is the last day to sign up for health insurance coverage and avoid a penalty for failing to obtain insurance for 2014.

Florida Democratic Congressional candidate, Alex Sink, center, speaking at her campaign office in Clearwater, Fla.

Dems, GOP Test Fall Strategy in Florida House Race

By Michael J. Mishak | Mar 11
Voters in this stretch of beach towns and retirement communities provide the first 2014 campaign test of whether Democrats can counter GOP attacks on the president’s health care overhaul by accusing Republicans of threatening popular benefit programs.

2-year Extension Seen for Canceled Health Plans

By Ricardo Alonso-Zaldivar | Mar 7
The Obama administration will allow a two-year extension for people whose individual health insurance policies don’t comply with requirements of the new health care law, helping to defuse a politically difficult election-year issue for Democrats.

A  fence closes off the ruins of an oceanfront home in Mantoloking N.J. that was damaged by Superstorm Sandy.

2 Years Later, Congress Poised to Undo Flood Law

By Matthew Daly | Mar 7
Less than two years after Congress approved a landmark bill to overhaul the federal flood insurance program, lawmakers are poised to undo many of the changes after homeowners in flood-prone areas complained about sharp increases in premiums.

An oceanfront home in Mantoloking N.J. that was damaged by Superstorm Sandy.

House Approves Bill to Ease Flood Insurance Hikes

By Matthew Daly | Mar 6
The House approved legislation to roll back a recently enacted overhaul of the federal flood insurance program, after homeowners in flood-prone areas complained about sharp premium increases.

House GOP Discuss Health Care Alternative

By Donna Cassata | Mar 4
House Republican leaders took a small step on Friday toward pulling together a viable alternative to President Barack Obama’s four-year-old health care law but faced deep divisions over whether the GOP caucus can coalesce around a comprehensive proposal.