Senate stumbles in effort to repeal 1099 tax form reporting provision

The U.S. Senate fell six votes short today (Nov. 30) in its bid to repeal the federal health reform law’s provision requiring businesses to report on 1099 tax forms anyone to whom they pay $600 or more in a year.  Read Story

One of the most significant savings envisioned in the new health- care law – limiting payments to the private health plans that cover 11 million older Americans under ...  Read →  Read Story

The federal task force set up by President Obama to find ways to reduce the deficit has suggested taxes on insurance and annuities as an option to be seriously considered, according to an article on IFAwebnews.com.  Read Story

California fines largest health plans $4.85 million for payment errors

California’s regulator of managed health plans fined the seven largest health plans in the state $4.85 million for violating laws regarding paying claims to health care providers.q  Read Story

Federal deficit reduction group eyes tax on insurance, annuities

The federal deficit reduction commission votes today (Nov. 30) on a plan that “would likely diminish the market for life insurance, annuities and employer-provided benefit programs,” according to an insurance industry trade group.  Read Story

More than a month after attorney Nicholas Ianni Jr. was fatally shot in his Novi apartment, his killing remains a mystery.  Read Story

Pa. man sent to prison for killing N.Y. man over insurance deductible

A man found guilty of killing a Brooklyn, N.Y., man at a Pennsylvania nightclub last year after arguing over payment of an insurance deductible was sentenced to 15 to 40 years in Pennsylvania state prison.  Read Story

During World War II, the Mermelsteins were living in Czechoslovakia when the Nazis hauled them off to the infamous death camps. David Mermelstein, then a teenager, lost ...  Read →  Read Story

One Marino retiring; another Marino elected CEO at Horizon Blues

William J. Marino, the longest serving CEO of a Blue Cross Blue Shield affiliate, is retiring as chairman and CEO of Horizon Blue Cross Blue Shield of New Jersey, effective March 1, 2001, the company announced.  Read Story

An article in the Thanksgiving edition of the Atlanta Journal-Constitution shows the myriad inconsistencies and irrationalities of the new health insurance overhaul law -- dubbed "health care reform" -- and spells out how the federal government is paving the way for the demise of the health insurance broker.  Read Story