The News Review:
- CRRECT: New Mortgage Insurance Applications Up In June
- A look at health care plans in Congress
- Dems look to limit increases in cost of insurance
- CRRECTED – Insurer Genworth sticks to mortgages despite loss
- Strategies: Small businesses suffer on health care issue
CRRECT: New Mortgage Insurance Applications Up In June
Wall Street Journal
–>CRRECT: New Mortgage Insurance Applications Up In June ArticleCommentsmore in. EDT and repeated at 7:38 a. gave incorrect June numbers for new mortgage applications defaults and cures.
A look at health care plans in Congress
The Associated Press
5 trillion over 10 years. HW IT’S PAID FR: Revenue-raisers include $544 billion over the next decade from new income taxes on single people making more than $280000 a year and couples making more than $350000; $37 billion in business tax increases; about $500 billion in cuts to Medicare and Medicaid; sizable penalties paid by individuals and employers who don’t obtain coverage. REQUIREMENTS FR INDIVIDUALS: Individuals must have insurance enforced through tax penalty with hardship waivers. 5 percent of income. REQUIREMENTS FR EMPLYERS: Employers must provide insurance to their employees or pay a penalty of 8 percent of payroll. Companies with payroll under $250000 annually are exempt.
Dems look to limit increases in cost of insurance
The Associated Press
Several officials said a last-minute agreement among Democrats on the Energy and Commerce Committee also included authority for the federal government to negotiate directly with pharmaceutical companies for lower drug prices under Medicare. The changes were part of an intensive effort Democrats have made in recent days to satisfy the conflicting demands of liberals and conservatives on the panel. “We have agreed we need to pull together” said Rep. Henry Waxman D-Calif.
CRRECTED – Insurer Genworth sticks to mortgages despite loss
Reuters
The Richmond Virginia-based insurer reported a $50 millionloss on Thursday. Excluding investment gains and lossesoperating income was 2 cents a share 15 cents short of WallStreet expectations. “Delinquencies continued to increase in Genworth’s criticaldomestic mortgage-insurance operation” said Barclays analystEric Berg in a research note. Still losses were not as severe as one quarter earlier henoted. “It just validates our thinking that the road to recoveryfor Genworth will be bumpy — but it will be a recovery roadnonetheless” said Berg. During the quarter Genworth’s U.
Strategies: Small businesses suffer on health care issue
USA Today
Here’s what I wrote in 1993 the last time health payment reform was seriously considered:”When it comes to the debate over health insurance one thing is for certain: the current system is terrible for small business. small businesses usually have the hardest time getting insurance the smallest choice among providers and pay the most for the least coverage. Many people who would like to start new businesses are stuck in jobs because they can’t afford to give up health insurance from their current employer.
Related from Murtoughsupply: Would the Health Plan Help Small Business?