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Reid Bill True cost
Reid's fuzzy math Comments: 2 'Reform' bill's true cost is twice advertised price By JEFFREY H. ANDERSO Senate Majority Leader Harry Reid is touting the Senate’s newest health-care bill as costing $849 billion over 10 years. But this uses the same accounting trick as past versions: 99 percent of the costs don’t kick in until the fifth year of that “10 year” period.Mary Landrieu sold her vote on health care for $100 million it appears.
ABC News' Jonathan Karl reports: What does it take to get a wavering senator to vote for health care reform? Here’s a case study. On page 432 of the Reid bill, there is a section increasing federal Medicaid subsidies for “certain states recovering from a major disaster.” The section spends two pages defining which “states” would qualify, saying, among other things, that it would be states that “during the preceding 7 fiscal years” have been declared a “major disaster area.” I am told the section applies to exactly one state: Louisiana, the home of moderate Democrat Mary Landrieu, who has been playing hard to get on the health care bill.Scotland sees rise in business insurance fraud
Video: Small Business Insurance
Reported cases of business fraud have risen by an astounding 450% during the first six months of 2009, according to the accountants BDO Stoy Hayward.
So far this year fraud has cost Scottish companies as much as £10m compared with just over £1.8m for the same period last year.The accountancy firm had predicted a rise in fraud because of the economic downturn, but the steep rate of increase has shocked even industry experts.
The level of recorded fraud only tells half the story, since a lot of fraudulent activity either goes unnoticed or companies avoid reporting it in order to avoid negative publicity.
Many insurance companies are not insured against cyber attacks
Video: Small Business Insurance
A leading organisation is of insurers and underwriters are predicting that the recession and continued job losses will see an increase in white collar extortion against businesses. The organisation also found that many businesses are not insured against cyber crimes which could result in data or business loss.
“According to a DTI Information Security Breaches Survey, a third of UK businesses think general small business insurance provides full cover for damage to the business arising from data loss,” commented a spokesperson, “but the reality is quite different, with very few businesses likely to be insured against the result of cyber attacks on its most crucial management and business tool – corporate and customer information, most of which is today held on corporate IT systems.
Home start-ups face extra risks without small business insurance
Fresh data collected by online small business insurer Insurantz.com shows that an increasing number of entrepreneurs face extra risk of litigation, loss, etc.
The insurer’s research reveals that nearly one million entrepreneurs who are starting their own small businesses from home are unwittingly placing themselves at severe financial risk because of the wrong impression that their businesses are covered by existing home-contents policies.
The study revealed a serious gap between what is needed and the commercial reality.
Home-start-ups unaware of insurable risks
New data from online small business insurer Insurantz.com demonstrates an increasing number of entrepreneurs who are at risk to litigation, loss and other potential risks.
The research from the insurer, which is exhibiting at Business Start-up 2009, shows nearly 1 million entrepreneurs who are starting their own business from home are unwittingly putting themselves at severe financial risk by wrongly believing their businesses are covered by existing home-contents policies.
The research demonstates a real gap between what is necessary and the commercial reality.
Can You Believe This?
New mammogram guidelines raise questions
Benefits of screening before age 50 don't outweigh risks, task force says
updated 7:39 a.m. CT, Tues., Nov . 17, 2009
NEW YORK - For many women, getting a mammogram is already one of life's more stressful experiences.
Entrepreneurs dream of flipping burgers
When it comes to new small business start ups, entrepreneurs are showing a real appetite for the catering industry.
Online small business insurance supplier Insurantz.com is seeing a huge increase in entrepreneurs starting up Fast food outlets such as burger bars, and growth in the sector is out performing most of the other strong performing industries such as plumbers and construction sector.
But for those who are dreaming of firing up the grill and banging out burgers to the thronging masses, there are a few requirements which need to be considered before a customer can be served. Apart from understanding food standards and hygiene legislation, it is necessary for catering facilities to have employer liability insurance and advisable to have public and product liability insurance to cover every eventuality and protect themselves from litigation and other costly problems. And then, of course, accident, fire and theft insurance for the catering unit itself is essential in case the worst happening.
Insurance Company: No arm for 12-year-old Boy
Benjamin French was born with his right arm missing below the elbow. In his 12 years, he has been fitted with seven prostheses. His most recent replacement will cost nearly $30,000 and his doctor says he will soon grow out of it.
Obama says his health care plan will cut costs and increase patient choice. It won't.
Impossible Promises Obama says his health care plan will cut costs and increase patient choice. It won't. John Stossel | August 6, 2009 I keep reading about health-care "reform," but I have yet to see anyone explain how the government can make it easier for more people to obtain medical services, control the already exploding cost of those services, and not interfere with people's most intimate decisions.
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