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In filings with state regulators, Blue Shield is seeking an average rate increase of 12% for more than 300,000 customers. Consumer advocates say the firm should use its reserves to hold down rates. Health insurer Blue Shield of California wants to raise rates as much as 20% for some individual policyholders, prompting calls for the nonprofit to use some of its record-high reserve of $3.9 billion to hold down premiums. In filings [...] Dina ElBoghdady A federal court on Thursday ordered the FDA to follow through on a 35-year-old proposal that would have banned the use of certain antibiotics in animal feed because the agency was concerned that these drugs were overused in livestock and helped develop drug-resistant bacteria that can infect people. The concern is that some antibiotics given to treat illnesses in people are widely used on animals to promote disease [...] Dina ElBoghdady A federal court on Thursday ordered the FDA to follow through on a 35-year-old proposal that would have banned the use of certain antibiotics in animal feed because the agency was concerned that these drugs were overused in livestock and helped develop drug-resistant bacteria that can infect people. The concern is that some antibiotics given to treat illnesses in people are widely used on animals to promote disease [...] By ROBERT PEAR WASHINGTON — To head off medical conflicts of interest, the Obama administration is poised to require drug companies to disclose the payments they make to doctors for research, consulting, speaking, travel and entertainment. Many researchers have found evidence that such payments can influence doctors’ treatment decisions and contribute to higher costs by encouraging the use of more expensive drugs and medical devices. Consumer advocates and members of Congress say patients may benefit from [...] by Kristina Chew The fungicide carbendazim is used in Brazil but not approved to use on citrus in the US. After a yet unnamed company reported detecting low levels of carbendazim in its own orange juice and in its competitors‘, the FDA said that it will increase testing to ensure that contamination is not an issue. FDA official Nega Beru says that, because the FDA “doesn’t believe the levels of residue are harmful,” juice that is [...] By Michael O’Connell Facial recognition is becoming a bigger part of law enforcement and homeland security. It’s also growing in the commercial sector, which has all kinds of privacy and ID misuse implications. That’s why the Federal Trade Commission recently held a workshop to explore the issues. Amanda Koulousias, a staff attorney in the Division of Privacy and Identity Protection at the FTC, spoke to The Federal Drive with Tom Temin Tuesday morning [...] WASHINGTON (AP) — The federal government is taking on a crucial new role in the nation’s health care, designing a basic benefits package for millions of privately insured Americans. A framework for the Obama administration was released Thursday. The report by independent experts from the Institute of Medicine lays out guidelines for deciding what to include in the new “essential benefits [...] Shoppers at the Westfield Century City mall. Consumer advocates are urging the use of cash and credit cards over debit cards. [...] A host of familiar grocery products are getting smaller while their price stays the same. Why? Tough times might be weighing heavily on UK shoppers, but one burden, at least, is becoming lighter: their shopping trolleys. With the cost of getting products onto the shelves rising higher and higher, some suppliers are reducing the size of their wares while maintaining the same retail price. Imperial Leather soap is the latest [...] http://www.huffingtonpost.com/2011/0…_n_832699.html Mortgage Industry To Face Massive Changes Under Regulators’ Plan; Homeowners, Investors Better Protected Posted: 03/ 7/11 11:50 pm Federal regulators and the top law enforcement officers in all fifty states are eyeing big changes to the dysfunctional home loan industry. If these officials have their way, borrowers who take out home loans and the investors who buy them will work closer together and find common ground to minimize [...] by David Smith Now, of course, it comes out that the U.S. Government knew all along what was going on. Next up? The Government condoned and indeed designed the entire criminal process of HIDING BAD DEBT ON BANK BOOKS. Here you go! Cheers, jr Government had been warned for months about troubles in mortgage servicer industryBy Zachary A. GoldfarbWashington Post Staff Writer Consumer advocates and lawyers warned federal officials in recent [...] It just keeps getting better and better… http://money.cnn.com/2010/05/12/news/economy/taxpayer_mortgages/index.htm NEW YORK (CNNMoney.com) — Unemployed? Owe more on your mortgage than your home is worth? Your state might one day pay your mortgage. Giving people free money to cover their home loans is just one of the radical ways that four states — Florida, Michigan, California and Arizona — plan to use $1.4 billion the Obama administration is sending their way to help the unemployed [...] At least nine out of 10 students who earn degrees or certificates at for-profit schools borrow money to attend, a higher ratio than four years earlier and more than at universities or community colleges. Nationally, for-profit schools had the highest share of defaults in the United States in 2007: 11 percent. Community colleges had a nearly 10 percent rate, and private, non-profit universities had the lowest rates, at 3.7 percent, according [...] |
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