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 "JPay Inc.":

"… ve deals with prisons. The first part of the series detailed how JPay Inc., a Miami-based technology company, has gained access to 70 percent of U.S. …"

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"

Excerpts from this story referencing "JPay Inc.":

"… ve deals with prisons. The first part of the series detailed how JPay Inc., a Miami-based technology company, has gained access to 70 percent of U.S. …"

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 "JPay Inc.":

"… nmates. Part One, which ran on Tuesday, focused on the explosive growth of JPay Inc., a private company that performs money transfers for 70 percent of U.S. of …"

"… s rankled potential competitors including Ryan Shapiro, founder and CEO of JPay Inc., which provides prison banking services to most state inmates. He has call …"

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 "General Dynamics":

"… ctors United Technologies, Northrop Grumman, Lockheed Martin, Raytheon and General Dynamics cutting lobbying spending. Many large oil and energy production interests …"

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.

Excerpts from this story referencing "ABC News":

"… d Loeb Award winners, which are listed here. …"

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 "JPMorgan Chase":

"… clients, including major companies such as Apple, BP, Coca-Cola, Ford and JPMorgan Chase, as well as trade associations such as the Business Roundtable and the Gro …"

Forcing health insurers to do what's right

By Wendell Potter

Commentary: Policyholders benefit from Obamacare provision.

Excerpts from this story referencing "Congress":

"… gain to give a progress report on how Americans have been benefiting since Congress enacted reforms in 2010 that changed the way insurance companies operate. …"

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.

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.

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 "Aetna":

"… hird-degree burns. Two days after he was discharged, he got a letter from Aetna telling him that the company didn’t believe his injuries were “suffici …"

"… be there for him if he ever had an emergency. Faraci filed an appeal, but Aetna executives wouldn’t budge. They said in their denial letter that Faraci …"

"… etter that Faraci’s coverage extended only to services and supplies that Aetna — not his doctors or hospital staff — deems medically necessary. Fara …"

"… king Channel 12 to intervene paid off. The independent examiner ruled that Aetna should pay half of Faraci’s hospitalization. Soon after that, Aetna told …"

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.

Excerpts from this story referencing "Pension":

"… mics Center. The “Judicial Symposium on the Economics and Law of Public Pension Reform,” according to a George Mason event description, is intended to …"

"… .” Norcross will lead an hour-long afternoon session on Monday titled “Pension Reform Options.” In 2011, Norcross testified before the U.S. House Commi …"

"… not available for media.” For a session on “Legal Questions Raised by Pension Reform,” judges will listen to Amy Monahan, a University of Minnesota la …"

"… ral writer and commentator, wrote a 2013 report called “The Plot against Pensions,” which argued that “conservative activists are manufacturing the per …"

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.

Excerpts from this story referencing "reform law":

"… to avoid paying claims whenever possible. That has been my fear since the reform law was passed and the consumer protections went into effect. So it’s especi …"

Banks seek to sway critical GAO report

By Alison Fitzgerald

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

Excerpts from this story referencing "Mississippi":

"… age diminished because of Dodd-Frank rules. Ken Cyree of the University of Mississippi and Bhanu Balasubramanian of the University of Akron published a paper in …"

Sorting out why insurers cancel policies

By Wendell Potter

Commentary: blaming Obamacare masks real motives.

Excerpts from this story referencing "Cigna":

"… her euphemism, by the way.   I myself — and thousands of my fellow Cigna employees — were notified several years ago, long before I left my job, …"

"… g discontinued. Yep, we got notices in the mail. If we wanted to stay in a Cigna-subsidized health plan, we would have to switch to a high-deductible plan. …"

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?

Beginning of the end for major health insurers

By Wendell Potter

Kickoff of new law will expose irrelevance of big insurers.

Excerpts from this story referencing "health insurance industry":

"… ow, October 1, 2014, that law will signify the beginning of the end of the health insurance industry as we know it. As I’ve noted previously, my former CEO at Cigna said at …"

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.

Excerpts from this story referencing "Harvard University":

"… once been worth more than $900 million, according to a study by Harvard University Professor Lucian Bebchuk, became worthless. However, he wasn’t exactly …"

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.

Excerpts from this story referencing "Genovese crime family":

"… and “Lou the Shoe.” A former New York police officer and a reputed Genovese crime family associate have been charged along with Cicalese, who moved from New Jersey …"

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 "Finance":

"… closures to federal regulators in a lawsuit brought by the Federal Housing Finance Agency, which oversees government-owned mortgage giants Fannie Mae and Fre …"

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 "Cigna":

"… se, like other big national insurers — most notably UnitedHealthcare and Cigna — it prefers to sell coverage to employers, not individuals. So Aetna’ …"

"… rrangement, the employer pays a substantial fee to a company like Aetna or Cigna to negotiate contracts with doctors and hospitals and make decisions about …"

"… y is Aetna passing on the California exchange, so are UnitedHealthcare and Cigna. And it’s not just California. These big firms have decided to participa …"

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.

Excerpts from this story referencing "U.S. Treasury":

"… ons of dollars in compensation that was not part of the original deal. …"

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 "Cigna":

"… coverage quite profitable. Some of the biggest insurers, including Aetna, Cigna and UnitedHealthgroup, bought companies several years ago that specialize …"

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 "The Wall Street Journal":

"… illions of dollars in daily cash flows. JPMorgan’s general counsel told The Wall Street Journal: “Think if you’re running a railroad, and we say to you, ‘We want yo …"

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 "reform law":

"… s new restriction is one of the most important consumer protections in the reform law. It would be a tragedy if Congress guts it.   …"

OPINION: Health insurance 'producers' about to be on life support

By Wendell Potter

Health insurance 'producers' help raise the cost of insurance plans

Report: Hundreds of former SEC employees representing clients before agency

By Dave Levinthal

Report: Hundreds of former agency employees representing private clients before body.

Adelson gave $40 million to super PACs in final weeks of election

By Michael Beckel and Andrea Fuller

Ninety-one individual donors gave $1 million or more to super PACs in the 2012 election.

Excerpts from this story referencing "Investment":

"… ry, tied for 23rd at $4.2 million. Rose’s companies — Specialty Investments Group, Inc., and Kingston Pike Development, LLC— both list their addres …"

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