Health insurers watch profits soar as they dump small business customers

By Wendell Potter

Commentary: profits soar while they dump small business customers.

Excerpts from this story referencing "UnitedHealth Group":

"… fits altogether. And let’s be clear, these insurers aren’t suffering. UnitedHealth Group, the largest health insurer, reported last week that it made $10.3 billion …"

Finance findings you may have missed

By The Center for Public Integrity

How big financial institutions profit off homeowners, investors and consumers.

Excerpts from this story referencing "Senate":

"… of the so-called "banking caucus", Shelley Moore Capito, will head to the Senate in 2015. Keep reading 2. Florida's foreclosure fallout Barely recoveri …"

'Banking Caucus' member aims for Senate

By Alison Fitzgerald

Republican candidate for Senate U.S. Rep. Shelley Moore Capito defends little banks but big banks benefit too.

Excerpts from this story referencing "Bank of New York Mellon":

"… d political action committees of Citigroup, Goldman Sachs, Wells Fargo and Bank of New York Mellon are among the top 20 donors to Capito’s Senate run, according to data co …"

Center report spurs investigation of Bank of America, JPMorgan prison deals

By Daniel Wagner

No-bid contracts with Bank of America and JPMorgan under government scrutiny after Center report.

Excerpts from this story referencing "food":

"… family and friends. Inmates use the money for clothing, phone calls, food and other expenses. Treasury says the payments to Bank of America were re …"

Senator questions Bank of America’s no-bid prison deal

By Daniel Wagner

After a Center report, Sen. Charles Grassley, R-Iowa, says Bank of America's no-bid prison banking deal "raises significant questions"

Megabanks have prison financial services market locked up

By Daniel Wagner

Bank of America and JP Morgan Chase & Co. avoid competitive bidding process in contracts serving federal prisoners.

Excerpts from this story referencing "Law":

"… n, said Kathleen Clark, a professor at the Washington University School of Law who studies government ethics. Treasury’s broad use of its authority pre …"

Lobbying activity declines among top special interests

By Dave Levinthal

Three-fifths of nation's top 100 lobbying entities spent less on influence in the second quarter compared to a year ago.

Excerpts from this story referencing "Center for Public Integrity":

"… quarter than they did during the same period in 2013, according to a Center for Public Integrity of analysis of new congressional disclosure reports and Center f …"

CPI-ABC black lung series wins Loeb award

A CPI-ABC News investigation of the flawed federal benefits system for miners with black lung on Tuesday won a Gerald Loeb award.

How lobbyists helped build John Cornyn’s election war chest

By Michael Beckel

Lobbyists’ role in Senate GOP whip's campaign helped him avoid, in his own words, a “fair fight.”

Excerpts from this story referencing "Andrew Wheat":

"… A spokesman for Cornyn did not respond to multiple requests for comment. Andrew Wheat, research director of the left-leaning nonprofit Texans for Public Justice …"

Forcing health insurers to do what's right

By Wendell Potter

Commentary: Policyholders benefit from Obamacare provision.

Who’s bankrolling secretive liberal group America Votes?

By Michael Beckel

A dozen anonymous donors accounted for most of the $12.7 million America Votes raised during its last fiscal year.

Excerpts from this story referencing "Federal Election Commission":

"… and Sen. Bob Casey, D-Pa., ahead of the November 2012 election. When the Federal Election Commission asked for additional information about the donors who helped bankroll thes …"

Tech super PAC startups could tap billions

By Dave Levinthal

A for-profit university co-founded by noted futurist Ray Kurzweil is mulling whether to spend big on political campaigns.

Excerpts from this story referencing "Mitt Romney":

"… r PACs affiliated with GOP politicians such as 2012 presidential candidate Mitt Romney, House Speaker John Boehner and Arizona Gov. Jan Brewer. The Arizona-base …"

Keeping an eye on insurance companies that refuse to pay claims

By Wendell Potter

Commentary: Arizona case resolved after victim became a 'squeaky wheel'

Excerpts from this story referencing "insurance":

"… dly, not at all shocked. It was just the most recent example of how health insurance bureaucrats insert themselves between patients and their doctors, all too …"

"… a health-care nightmare. His case is an example of what can happen when an insurance company decided to question the administration of care provided by doctors …"

"… d to be denied coverage. He assumed that because he paid the premiums, his insurance company would be there for him if he ever had an emergency. Faraci filed …"

"… ” adding that Faraci would be responsible only for his deductible and co-insurance. As a former insurance company PR guy who used to deal with reporters whe …"

Koch brothers, major corporations sponsor pension reform seminar for judges

By Chris Young

Judges who may decide fates of public pension reform disputes to attend seminar sponsored by pro-business interests.

Be the 'squeaky wheel' if health claim denied

By Wendell Potter

Commentary: Obamacare may squeeze insurance industry profits, subscribers should know their rights when it comes to claim denials.

Banks seek to sway critical GAO report

By Alison Fitzgerald

Big banks say new regulation is unnecessary thanks to Dodd Frank reforms.

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Separating myth from reality on Obamacare

By Wendell Potter

Commentary: media scare stories, website snafus obscure opportunities to save.

Wall Street favorite Rep. Garrett flirts with default

By Alison Fitzgerald

Will investment firms that deal in U.S. Treasury securities regret their support of GOP congressmen who are flirting with default?

Excerpts from this story referencing "Politics":

"… mpanies in the 2012 election cycle, according to the Center for Responsive Politics. That includes $39,500 from the PACs sponsored by primary dealers in U.S. …"

"… enter for Public Integrity analysis of data from the Center for Responsive Politics. Toomey’s campaign received contributions from Goldman, Credit Suisse an …"

Beginning of the end for major health insurers

By Wendell Potter

Kickoff of new law will expose irrelevance of big insurers.

Ex-Wall Street chieftains living large in post-meltdown world

By Alison Fitzgerald

CEOs of banks that fueled the subprime crisis that led to the economic meltdown largely avoid consequences.

American fugitive used big banks to shuffle more than $1 million offshore, records show

By Ronny Rojas

Records show more than $1M through offshore accounts.

Bear Stearns mortgage executives have plum jobs on Wall Street

By Lauren Kyger and Alison Fitzgerald

Executives from the mortgage finance division that helped sink Bear Stearns have similar jobs at major Wall Street banks.

Excerpts from this story referencing "Freddie Mac":

"… nce Agency, which oversees government-owned mortgage giants Fannie Mae and Freddie Mac.  They are among dozens of people and companies named in the lawsuit. …"

"… ion worth of residential mortgage-backed securities sold to Fannie Mae and Freddie Mac, according to documents included in the FHFA lawsuit. “Defendants false …"

OPINION: insurance tricks to avoid ObamaCare's consumer protections

By Wendell Potter

Firms pushing early renewals to avoid ObamaCare protections

OPINION: putting big health insurers in their place

By Wendell Potter

New exchanges are better off without the big insurers.

Excerpts from this story referencing "Aetna":

"… And we won’t miss those companies that refuse to take part. Believe me. …"

"… urer by the end of the year. State Insurance Commissioner Dave Jones said Aetna’s decision was disappointing because it will reduce competition, but Aet …"

"… tna’s decision was disappointing because it will reduce competition, but Aetna — the third largest insurer nationally — has never been able to muster …"

"… rol about 90 percent of the Golden State’s individual insurance market. Aetna didn’t make a big effort to increase its share of that market because, l …"

IMPACT: Treasury to open Comerica deal to new bids after CPI report

By Daniel Wagner

Multimillion-dollar government deal with Comerica will be re-bid in 2015 after reports of lack of transparency and competition.

Soros charitable foundation sometimes leans right

By Adam Wollner

Liberal political benefactor's charitable foundation sometimes donates to socially conservative organizations.

OPINION: a cynical search for loopholes

By Wendell Potter

Insurers find ways to avoid 'essential benefits'.

Excerpts from this story referencing "Senate Majority Leader":

"… can families be a car accident or heart attack away from bankruptcy," said Senate Majority Leader Harry Reid in response to the Supreme Court's decision last June upholding …"

JPMorgan Chase’s record highlights doubts about big banks’ devotion to fighting flow of dirty money

By Michael Hudson

JPMorgan Chase’s record highlights doubts about devotion to fighting flow of dirty money

Excerpts from this story referencing "Chairman":

"… and the Shah were so close in the 1960s and ’70s, Henry says, that Chase Chairman David Rockefeller was essentially “the Shah’s private banker.” Chas …"

OPINION: reform will help level premium costs

By Wendell Potter

Act prohibits insurers from charging one person more than triple the amount for insurance as another person for the same policy.

Excerpts from this story referencing "health insurance":

"… tnesses to testify before a House committee hearing on whether the cost of health insurance will be higher or lower for people who cannot obtain it through their empl …"

"… real-world reminder of just how unaffordable — and even unavailable — health insurance has become for average middle-class Americans who have done nothing wrong …"

"… han get sick. Jim Elder might not be a widower today had premiums for the health insurance coverage he was providing for his family and his employees not become so u …"

"… ybody. Elder became a victim of a common but little known practice in the health insurance business called purging. That’s a term insurance executives use behind c …"