An organization representing about 75,000 financial planning professionals “strongly urged” the U.S. Senate Banking Committee to include financial planner consumer protections that include increase regulation, oversight and competency and ethics standards for anyone calling himself a “financial planner.”

Citing billions of dollars in costs from fraud against private and public health plans, a Delaware senator is seeking to strengthen the government’s role in investigating and prosecuting individuals abusing the system.

Omitting a government-run health insurance program from a Senate reform bill will give private insurers “free rein” to increase premiums and “drive up the cost of federal subsidies,” according to a group of Senate Democrats.

Sen. Herb Kohl (D-Wis.) has co-authored legislation to regulate long-term care insurance, following a hearing where the senator called for stronger consumer protections and greater transparency in the industry.

Herb …  Read →