The Affordable Care Act is putting consumers back in charge with two new rules that shine much-needed light on the health insurance market.
The first requires insurers to justify premium increases of more than 10 percent and to post that information online.
The second is the “80-20 rule,” which requires insurers to spend at least 80 percent of premium dollars on health care, rather than on advertising or executive pay. If they don’t, you get a rebate. Together, these changes are creating a health insurance market where premiums stay in check and Americans get their money’s worth.
U.S. economy created 200,000 jobs in December
The U.S. economy gained 200,000 jobs in December and the unemployment rate fell to 8.5%, the Labor Department said Friday. Economists surveyed by MarketWatch had forecast the U.S. would add 150,000 jobs last month, with the jobless rate edging up to 8.7% from an initially reported 8.6% in November. Subtracting another decline in government jobs, the private sector boosted payrolls by 212,000. Average hourly earnings rose 0.2% last month to $23.24 and hours worked edged up to 34.4. Job gains for November and October were little changed. The U.S. created 1.64 million jobs in 2011.
All American Investor
China faces social unrest from housing woes
Irate Chinese homeowners are among the top policy concerns for Beijing this year, according to analysts who say weakening house prices are stoking serious tensions.
MF Global Inquiry Turns to Its Primary Regulator
Ron Paul And The Banks
Former Homeless Woman Becomes Twitter Celebrity
Original content Bob DeMarco, All American Investor
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