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News Story
12/17/2008
Posted by Consumer Watchdog
WASHINGTON, DC — President-elect Barack Obama has chosen a veteran of the Securities and Exchange Commission to lead and revitalize the agency now facing growing criticism for its failure to protect investors at a time of unprecedented market turmoil. A Democratic official said Wednesday that Obama had chosen Mary Schapiro, a securities...
Blog Post
12/16/2008
Posted by Consumer Watchdog
Yesterday's Washington Post eliminated another pretense of accountability for companies taking the billions in taxpayer money Congress has thrown at Wall Street: "Executive Pay Limits May Prove Toothless, Loophole in Bailout Provision Leaves Enforcement In Doubt" The so-called cap on executive compensation in the bailout legislation had...
News Release
12/11/2008
Posted by Consumer Watchdog
Santa Monica, CA -- Less than 15% of U.S. voters support, and 53% oppose, a proposal pushed by health insurers requiring every American to provide proof of private health insurance or face tax penalties or other fines, according to a new poll. The poll, commissioned by Consumer Watchdog, also found that by just under a two-to-one margin voters...
News Story
12/10/2008
Posted by Consumer Watchdog
(Click here to listen to audio of the radio broadcast of this segment.) Washington's 340 think tanks are hurting from new lows in funding. This could hit more impartial, non-partisan groups the hardest, while corporate-funded think tanks may get a leg up. Steve Chiotakis: Seems like everyone's affected by this economic crisis. Even Washington...
News Story
12/3/2008
Posted by Consumer Watchdog
Savings Promised, But Everyone Would Have To Buy Policy WASHINGTON DC -- After a national "listening tour" that included a Columbus stop, the health-insurance industry today unveiled a reform plan that it says can hold down costs and improve the quality of care. The proposal, which builds on the concept of mandatory health coverage...
News Story
12/3/2008
Posted by Consumer Watchdog
The health insurance industry urged Congress to permit national sales of uniform medical plans exempt from states’ minimum benefit rules as a way to make coverage affordable for small businesses and strapped families. The standardized health plans and the creation of an advisory panel to examine wasteful spending would curb costs and enable...
News Release
12/3/2008
Posted by Consumer Watchdog
Santa Monica, CA -- The nationally recognized Consumer Watchdog urged President-elect Obama to oppose the health insurance industry's self-serving plan detailed today requiring every American to buy junk insurance policies or face tax penalties or other fines. The plan would not limit what insurers can charge or reduce health insurance profit and...
News Story
12/2/2008
Posted by Consumer Watchdog
The California-based consumer group ConsumerWatchdog.org has a plan for the nation's health care system. The organization has written to President-elect Barack Obama, saying Medicare should be open to "all Americans." Consumer Watchdog says forcing consumers to buy insurance policies is good for insurance companies but not for the nation...
News Release
12/2/2008
Posted by Consumer Watchdog
Santa Monica, CA -- The nationally recognized Consumer Watchdog sent a letter today to President-elect Obama urging him to fulfill his campaign pledge to make health care affordable and available by allowing any American to join Medicare, regardless of age.  The group warned Obama that a proposal pushed by health insurance companies to...
News Story
11/21/2008
Posted by Consumer Watchdog
DUCK KEY, FL -- The National Conference of Insurance Legislators will schedule a special session at its spring meeting in Washington D.C., to look at whether greater legislative clarity is needed on the extent to which states can and should permit the use of education and occupational factors in insurance underwriting. Popularized by Geico and...