The News Review:
- Now-needy FDIC collected little in premiums
- SHULD BAMA REFRM HEALTH CARE NW?
- No increases for insurance companies that based auto rates on …
Now-needy FDIC collected little in premiums
Boston Globe
The Federal Deposit Insurance Corporation which insures deposits up to $250000 tried for years to get congressional authority to collect the premiums in case of a looming crisis. But Congress believed that the fund was so well-capitalized – and that bank failures were so infrequent – that there was no need to collect the premiums for a decade according to banking officials and analysts. Now with 25 banks having failed last year 17 so far this year and many more expected in the coming months the FDIC has proposed large new premiums for banks at the very time when many can least afford to pay. The agency collected $3 billion in the fees last year and has proposed collecting up to $27 billion this year prompting an outcry from some banks that say it will force them to raise consumer fees and curtail lending. To possibly reduce the fee increase the FDIC has asked Congress for the temporary authority to borrow as much as $500 billion from the US Treasury – up from the current $30 billion limit – in case the number of bank failures increases even more dramatically.
SHULD BAMA REFRM HEALTH CARE NW?
Atlanta Journal Constitution
Fortunately this package included $87 billion for Medicaid payments to the state governments $25 billion toward helping unemployed workers extend their employment-based health insurance after being laid off and $19 billion for health information technology. But health care reform would do vastly more. bama has proposed a reform that would while keeping the employer-based health insurance that covers most Americans create a public health insurance system for the 46 million who do not have insurance. Large employers would be required to either pay into this system or provide comparable insurance. Individuals without insurance could buy into the public system and the government would subsidize these payments so that they would be affordable for low-income households and those outside the labor force. The White House estimates that their plan would cost $50 billion to $65 billion annually but it would be better to spend much more than this with more federal subsidies to employers to cover uninsured workers and improve existing coverage. Big as it may seem the $787 billion stimulus bill amounts to less than 2.
No increases for insurance companies that based auto rates on …
Detroit Free Press
See instructions for fixing the problem. No increases for insurance companies that based auto rates on credit historiesBY CHRIS CHRISTFF • FREE PRESS LANSING BUREAU CHIEF• March 10 2009.
Related from Champcarnews: No increases for insurance companies that based auto rates on …