Thomas D. Elias: Health plan hikes reveal bad bloodFebruary 28, 2012
Thomas D. Elias: Health plan hikes reveal bad blood
News from Appeal-Democrat:
February 27, 2012 11:19:21 PM
A loud hissing contest on California’s left political flank began weeks before the state’s largest health insurance companies announced the other day they plan to raise average rates by 8 percent to 14 percent for thousands of consumers with individual policies — well over twice the 3.6 percent increase in their annual costs.
The fact no one in government can stop those increases spotlights the tiff between two longtime major figures — both of whom call themselves “progressives” — in a war of words that shows, for one thing, how different Democrats are from Republicans. The names are Harvey Rosenfield and Steve Maviglio.
The roots of this grudge go back to at least 2008. Longtime consumer activist Rosenfield and his Consumer Watchdog organization back then opposed a $ 14 billion measure requiring uninsured Californians to get health coverage, with many policies to be state-subsidized. Universal insurance is a longtime Rosenfield goal, but he says he fought this bill — sponsored by then-Gov. Arnold Schwarzenegger and then-Assembly Speaker Fabian Nunez — because it did not allow for price regulation.
Maviglio, who came to California as press secretary for ex-Gov. Gray Davis and later had similar jobs with Nunez and his successor as speaker, Karen Bass, worked hard for the bill. He claimed Rosenfield, b…………… continues on Appeal-Democrat
Consumer watchdog bureau proposes rule to supervise debt collectors, consumer …
News from CBS News:
(Credit: AP Photo/Haraz N. Ghanbari)
The new consumer financial watchdog agency wants to be able to supervise the firms that issue credit scores and those that collect debt as it seeks to establish itself as the nation’s top consumer watchdog.
The Consumer Financial Protection Bureau (CFPB) today announced the proposed rule, which would put debt collectors and consumer credit reporting agencies under the same supervision process as banks for the first time.
“Consumer financial products and services have become more complex over the years and they have expanded well beyond traditional banks,” CFPB Director Richard Cordray said in a statement. “Our proposed rule would mean that those debt collectors and credit reporting agencies that qualify as larger participants are subject to the same supervision process that we apply to the banks. This oversight would help restore confidence that the federal government is standing beside the American consumer.”
The agency estimates about 30 million U.S. consumers have at least some debt under collection and pegged the ave…………… continues on CBS News
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