House Passes Bill Requiring Group Health Disclosures
Friday, Apr 03,2009, 12:25:17 AM Click:
Group health plans would be required to disclose all limitations and restrictions that could impact coverage for injuries sustained riding motorcycles, horses, or snowmobiles, or any other legal activity, under legislation passed overwhelmingly by the U.S. House.
The House measure, hurriedly drawn up on the orders of Democratic leadership, imposes a 90 percent tax on those who were paid bonuses at AIG and other firms as long as their families earned more than $250,000 annually and their companies received more than $5 billion in federal bailout funds. It passed by more than a two-thirds majority, 328 to 93.
All but one of the representatives from Maryland voted in favor of the measure. Rep. Roscoe Bartlett of Frederick, the state's lone Republican, voted against it.
The Senate is taking a different approach. It is readying a bill that would levy a 35 percent excise tax on executive bonuses. Both the company and the recipient of the bonuses would pay the tax. The Senate could take up the measure next week, or perhaps attempt to reconcile it with the House tax bill.
You may also be interested in:
Featured
National Underwriter Company Launches CFO Dialogues
NEW YORK--(BUSINESS WIRE)-- The National Underwriter Company, the leading
QCOM, ILMN, ADS, CIT, CKH, ATNI Expected To Be Lower
BUYINS.NET / www.squeezetrigger.com is monitoring the performance of all stocks
21st Century's Turbulent Year
In what analysts are calling another blow to the local economy and to a company
CNA Appoints John Hennessy Chief Executive Officer,
CHICAGO--(BUSINESS WIRE)-- CNA Financial Corporation (NYSE: CNA) announced
American Physicians Capital, Inc. Announces Dates to
EAST LANSING, Mich.--(BUSINESS WIRE)-- American Physicians Capital, Inc.
New LOMA Course Focuses on Operations, Bottom-Line
ATLANTA, April 21 /PRNewswire/ -- To support insurance companies as they focus
Mass. Gov. Wants to Expand Power of Regulators to
Massachusetts Gov. Deval Patrick has proposed reforms that include expanding
MOST POPULAR
- Most Read
- Most Discussed
- Most Emailed
- A.M. Best Places Ratings of Forethought Life Insurance Compa
- A.M. Best Downgrades Issuer Credit and Debt Ratings of Jackson National Life Insurance Company and Its Affiliates
- A.M. Best Downgrades Ratings of Bankers Life Insurance Company; Revises Outlook to Negative
- Farmers Insurance(R) Named One of the 'Best Companies to Work For' in the Greater Kansas City Area
- Till Death Do Us Part; How second-to-die life insurance pol
- Chartis Charts Its Path Away From AIG
- A.M. Best Revises Outlook to Negative for AXA Financial, Inc
- Prepared Insurance Strategy Shaped by Florida Regulation, Rates
- Bank of America began to reduce the principal amount of mortgage loan modifications
- A.M. Best Downgrades Issuer Credit Ratings of Primerica Life
-
Reduces the risk Ambac -
Insurers Need Clear Attitude from CIRC -
Property/Casualty Insurers Lead In Adapting To Climate Chang -
American Physicians Capital, Inc. Announces Dates to Release Second Quarter 2009 Results and Host Teleconference -
Gov't plan can coexist with private insurance -
SC bill extends health coverage to adult children -
Counseling Help Line Available for People deal with floods i -
Without the Wind Blowing, Florida Insurers Struggle to Hang On


Discuss this news
Click Here to see all comments