Regulation/Legislation

A new section of a health care reform legislation proposal would let agents sell insurance to individuals and businesses purchasing health insurance through the health exchanges being proposed.

The chairman of a House Financial Services Subcommittee charged today that rating agencies betrayed not only the public trust "but also their special status under our laws."

Consumer representatives have asked the Senate Finance Committee to drop a proposed provision of health care reform legislation giving state regulators rule-making authority to draft health insurance standards.

The Senate Finance Committee today rejected one amendment that would add a so-called "public option" to compete with private insurers in a reformed health care delivery system measure.

The Department of Health and Human Services is asking states, local authorities and health care groups to submit proposals within 30 days on programs the groups envision could reduce medical malpractice liability costs.

American International Group has paid back about $62 billion of its $183 billion debt to the government, but whether it can repay the full amount remains uncertain, an official study concluded last week.