March 2009 - Posts

Wednesday, March 25, 2009 8:01 PM

Insurers offer to stop charging sick people more

The health insurance industry offered Tuesday for the first time to curb its controversial practice of charging higher premiums to people with a history of medical problems.

The offer from America's Health Insurance Plans and the Blue Cross and Blue Shield Association is a potentially significant shift in the debate over reforming the nation's health care system to rein in costs and cover an estimated 48 million uninsured people. It was contained in a letter to key senators. [AP]

posted by isnaini (Comments Off)
Wednesday, March 25, 2009 7:59 PM

Home prices post 6.3 pct annual decline in January

A government report says U.S. home prices fell 6.3 percent in January from the same month last year.

The Federal Housing Finance Agency says prices, on a seasonally adjusted basis, rose 1.7 percent from December to January.

Changes in the geographic mix of sales explained the unexpected monthly increase. Home sales included in January's data were weighted toward areas that haven't borne as much of the brunt of the housing recession, the agency says. [AP]

posted by isnaini (Comments Off)