OmniSpeak » Blog Archive » Obamacare, Insurers,

One of the biggest successes for Obama and his healthcare plan, was to mandate all insurers to allow parents to keep their children on their policies until age 26.  However, there a few problems associated with that idea.  In Florida, Insurance Commissioner Kevin McCarty has said that in his state UnitedHealthcare and Blue Cross Blue Shield have stopped issuing new policies that cover children individually, and in Oklahoma a couple of insurers have done the same.        hotair.com

Later on in the year, the law requires insurers to accept all children, regardless of any medical problems they may have.  This has them worried that parents may wait until their children are sick, to sign them up which is then possible that it will add the insurance companies unknown costs.  The main types of coverage will not be affected, such as employer and government plans.

The policies in question, are the individual plans, so the insurers aren’t writing any new policies at this moment.  It’s estimated that childrens’ plans acount for 8% of t he single plans sold.

“Our plans are very concerned about this,” said Alissa Fox, a top Washington lobbyist for the Blue Cross Blue Shield Association. “If the law says that insurers have to take you any time, any place, some people will see that as an opportunity to wait until their children get sick to buy coverage.”

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So now insurance companies are pressing the government to require an open enrollment period for the guaranteed children’s coverage, which is one of the main early benefits of the health law.  This means parents could only get the guaranteed coverage during a designated month each year.  And, the Administration hasn’t commented on the insurance company proposal.

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This entry was posted on Sunday, July 25th, 2010 at 8:31 am and is filed under Finance and Business, General, Health Care, In the News, Politics. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

OmniSpeak » Blog Archive » Obamacare, Insurers,

Todays Housing Market: Rent vs. Own

As American as baseball and apple pie, realizing the American dream has always been associated with homeownership.

Todays Housing Market: Rent vs. Own

FHLBank San Francisco Holds Foreclosure Prevention Workshop in San …

FHLBank San Francisco Holds Foreclosure Prevention Workshop in San …

Smart Grid Technology Vulnerable to Cyber Attack

By Maggie Bridgeman

Updated: 5:05 p.m. Wednesday, July 28, 2010

Published: 7:37 p.m. Tuesday, July 27, 2010

WASHINGTON — Billions of dollars in government stimulus money are encouraging utility companies to ignore security risks that could plummet large metropolitan areas into darkness, security experts say.

In 2009, the Obama administration provided nearly $4 billion to upgrade and digitize the nation’s electric grid and other utilities using “smart grid” technology. Since then, utility companies have been scrambling to roll out programs to install the new technology before federal funding dries up, often without regard for security, said Jonathan Pollet, the founder of the security consulting firm Red Tiger Securities.

“The utilities were in a mad grab for money, and almost every major utility was able to submit applications for almost free money,” he said.

Smart grid technology allows companies and consumers to monitor energy usage. Theoretically, this would enable consumers to reduce their energy bills and conserve at times when demand and prices for energy are high.

To do this, instead of utility companies sending power to consumers, smart meters at homes and businesses communicate back to the utilities, reporting usage without the need for technicians to visit the sites.

Pollet said his company found that the grid could be exploited at multiple points, starting at the meters on consumers’ homes. If left unprotected, he said, the two-way communication could act as a starting point for hackers, and if exploited it could cause significant blackouts such as the one in the Northeast in August 2003. That two-day outage affected as many as 50 million people and cost an estimated $6 billion.

In Central Texas, a handful of utility companies use smart grid technology, and officials with those utilities say they are aware of the security risks and challenges.

Austin’s Pecan Street Project won $10.4 million in federal stimulus money to create a smart grid demonstration project at the Mueller redevelopment in East Austin. Pecan Street officials said last year that the grant money will help turn Mueller — the city’s former airport, now a 700-acre community of homes, stores and businesses — into a smart grid model community.

Austin Energy has not used any stimulus funds to pay for such projects but is looking into installing smart grid components in the city.

“We are only in the pilot stage of concept,” spokesman Ed Clark said. “This will be a very deliberative process, so when we are ready to implement, we will make sure that it’s properly installed, properly protected and takes advantage of the best technology. As smart grids get developed, the technology to protect those girds and ensure their reliability is also going to be developed.”

The Bastrop-based Bluebonnet Electric Cooperative launched a smart grid project for its Central Texas customers in June. Leslie Barrios, manager of information technology support, said a blackout as severe as the one in the Northeast in 2003 is highly unlikely.

“Never say never, but there are layers of protection around that,” she said. “In 2003, smart grids were barely even understood. Lessons have been learned and new technologies have been taken advantage of.”

Computer-security researchers have said smart meters that are designed to help deliver electricity more efficiently also have flaws that could let hackers tamper with the power grid in previously impossible ways.

Oncor Electric Delivery Co. is installing smart meters in parts of Williamson and northern Travis counties. Austin Energy already has installed smart meters for most of its customers. The City of San Marcos has installed smart water and electric meters.

Luke Clemente, general manager of Metering Sensing and Systems at General Electric Co., said there’s an ongoing industry effort to secure the grid at all points.

“We’re always looking for vulnerabilities and addressing those vulnerabilities,” he said, “but you’re never done with cybersecurity. It’s a living process.”

Additional material from American-Statesman writer Naureen Khan.

Smart Grid Technology Vulnerable to Cyber Attack

Fannie Mae Releases June 2010 Monthly Summary

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<a href="http://www.prnewswire.com/news-releases/fannie-mae-releases-june-2010-monthly-summary-99617869.htmltag:news.google.com,2005:cluster=http://www.prnewswire.com/news-releases/fannie-mae-releases-june-2010-monthly-summary-99617869.htmlFri, 30 Jul 2010 12:32:16 GMT 00:00″>Fannie Mae Releases June 2010 Monthly Summary

Fha mortgage pros and cons, advantages and disadvantages.

Fha mortgage pros and cons, advantages and disadvantages.

Mid-Atlantic Housing Market Continues to Show Signs of Recovery

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<a href="http://www.prnewswire.com/news-releases/mid-atlantic-housing-market-continues-to-show-signs-of-recovery-99305124.htmltag:news.google.com,2005:cluster=http://www.prnewswire.com/news-releases/mid-atlantic-housing-market-continues-to-show-signs-of-recovery-99305124.htmlTue, 27 Jul 2010 12:02:07 GMT 00:00″>Mid-Atlantic Housing Market Continues to Show Signs of Recovery

What Borrowers Should Know About Home Appraisals

The housing crisis of 2007 changed everything in the real estate and mortgage market. One of the biggest changes rising out of the mortgage crisis are home appraisals. These are changes that are likely to impact you refinancing your home or buying a new home.

Therefore, the more you know about how your home gets appraised the more likely you are to get the mortgage you need.

Home Valuation Code of Conduct (HVCC)

Let’s start with what is causing all of the trouble–Home Valuation Code of Conduct (HVCC).

This little set of guidelines that governs the relationship between real estate brokers, mortgage brokers, loan officers, and appraisers was the result of New York State Attorney General (and current candidate for New York Governor) Andrew Cuomo spat with Fannie Mae and Freddie Mac. AG Cuomo’s thesis was that the mortgage industries strong-arm tactics on appraisers contributed to the housing bubble. These guidelines became gospel in a legal settlement between the two parties that required them to be adopted by Fannie Mae and Freddie Mac–still the largest holders of US mortgages.

Although the intent was to improve the independence of the decisions made by appraisers, the rules may have made the distance too extreme.

Appraisal Management Companies

The original premise of the HVCC was to remove the ability for individual mortgage and real estate brokers to hand pick their appraiser. Unfortunately, the rules and process were so cumbersome to manage banks and mortgage companies simply outsources the whole process. This gave the rise to a few large Appraisal Management Companies (AMC).

The result? Outsiders were appraising local real estate markets. And as most in the industry will tell you real estate is, “local, local, local.” You need to know the nuances that can make one block more or less value than the adjacent one.

5 Ways to Improve Your Appraisal

You certainly don’t want to game the system, but the more involved you are with the appraisal process the more likely you will get a fair and accurate home value. Here are 5 ways you should involved in the appraisal of your property.

1. Ask if your appraiser has local experience

Don’t be shy, ask your real estate broker or mortgage broker if your appraiser has local experience. You want that appraiser to be familiar with local real estate and trends. This is really important in a market that is as volatile as the current one.

2. Meet the appraiser at the property

Insist that you and/or your real estate broker is at the property during the appraisal. You want to make sure that someone is available to answer any questions the appraiser may have. You also want to make sure that your property valuation gets more than “drive by” treatment.

3. Make sure the appraiser knows what’s included in the sales contract

There is a lot of wheeling and dealing going on in this market. Many times seller are throwing in everything…way beyond the kitchen sink. Make sure that your appraiser is aware of any special provisions or inclusions in the sales contract (i.e., home theaters, special equipments, furniture, etc.)

4. Highlight your own comparables

Real estate has never been more local than it is today. Subtle differences in local economics, property taxes, city services, and school districts can cause large swings between adjacent neighborhoods. It is perfectly acceptable to make sure your appraiser knows what may make your home worth more in shaky economy.

5. Do your own appraisal

One of the biggest dangers you may encounter with appraisals in this market is your own unrealistic estimation of a home’s value. Do a little of your own research and listen to your real estate agent or mortgage broker. What home value do you really think an unbiased appraiser will return? Should you be writing up this deal at this price?

Your appraisal is a critical component to the success of your mortgage refinance or buying a new home. Make sure that you know how to maximize your chances of get the right value for your home.

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What Borrowers Should Know About Home Appraisals

Black Leaders Chide Obama White House, 'Right-Wing Press'

From left, Rev. Jesse Jackson, Rev. Al Sharpton, and National Urban League Chief Executive Officer Marc Morial take part in a news conference in Washington, Wednesday, Dec. 16, 2009. (AP)

WASHINGTON — Aging heroes of the civil rights movement and younger African-American leaders on Wednesday offered differing views of the challenges most urgently confronting black America — with some calling for a continued push to reform the U.S. criminal justice system and others emphasizing economic achievement.

At the annual conference of the National Urban League, which turns 100 this year, the group’s president, Marc H. Morial, challenged the notion that the country should be entering a “post-racial” period. 

“I would ask: Is the objective a post-racial America? Or is the objective a multi-racial America that is post-racist?” Morial said.

Decrying inequities in the status of black men as measured against whites, the Rev. Jesse Jackson also pointed out the dire straits of federal and state budgets. 

“They’re cutting back on public transportation,” Jackson said during a morning panel discussion, “cutting back on public housing, cutting back on public ed[ucation]; and the result is [we] have built the largest jail-industrial complex in the world, of which 55 percent [of the inmate population] are black. To me that’s the heart of the civil rights struggle.”

But Andrew Young, the former mayor of Atlanta and U.N. ambassador, shifted the emphasis to financial improvements for black America. 

“We have to hold on to the politics, hold on to the judiciary,” Young said during the panel, “but if we don’t understand some of the economics, we’ll lose them both.”

Vernon Jordan, who served as League president for 11 years until 1982 and is now its elder statesman, noted in his keynote address the rise of a formidable black middle class. 

“Black buying power in 2008 was $913 billion, and is projected to reach $1 trillion in three short years,” he said, before adding: “Today more black men are in jail than in college….Go back to the 1980 Census and you will find that there were three times as many black men in college as there were in prison; but by the 2000 Census it had flipped.”

For these reasons, Jordan invoked Charles Dickens in asserting that for black America, these are the best of times and the worst of times. 

He noted that in 1970, fewer than 1,500 blacks held public office, a figure that now exceeds 10,000. 

“Black men and women are chairmen and CEOs of huge multinational corporations and presidents of major colleges and universities,” Jordan said. “[They] serve as corporate directors and [in] significant management positions. We have had two black national security advisors who served as secretaries of state. We have served in the Cabinet at HUD, HEW, Transportation, Commerce, and Labor. Three blacks have been ambassadors to the United Nations. We have had three blacks on the Federal Reserve Board and two on the Supreme Court. We have today a black attorney general, appointed by a black president. Almost every door that was once closed to black Americans is now open.”

For all that progress, however, Jordan cited the fact that black unemployment stands over 15 percent – well over the national rate of 9.5 percent — as evidence of how much the black community must still do to achieve its goals. 

“Black people still — in 2010 — have to go to work earlier, stay later, work twice as hard, to stay even,” he said, adding to laughter and applause: “Don’t complain about it; don’t file a lawsuit; just do it!”

For many at the conference, a focal point was the controversy involving Shirley Sherrod, the former Agriculture Department official whose dismissal last week, over remarks misconstrued as racist, earned her an apology from President Obama.

Rep. Kendrick Meek, D-Fla., said he was “proud…that Ms. Sherrod was the chosen one” to lead a national dialogue on race. Meek also praised the octogenarian land owner, Roger Spooner, who vouched for Sherrod’s character. 

“To then have this white farmer, a veteran in the South, sitting on a couch with his wife, saying if it wasn’t for [Sherrod] — not the USDA, but if it wasn’t for her — we wouldn’t have our farm today, that’s education, ladies and gentlemen,” he said.

For Rep. Maxine Waters, D-Calif., however, the Sherrod affair held dramatically different meaning. She appeared to fault the Obama White House — which maintains it played no role in Sherrod’s firing — for mishandling the incident due to excessive racial sensitivity. 

“They responded to a video that was done by the enemy, the same enemy that just killed the ACORN,” Waters said during the panel discussion, referring to conservative activist Andrew Breitbart, who initially posted the edited video on his website. 

“We have to say to folks in leadership, whether it is the White House or anybody else: ‘Don’t be so afraid of white folks that you treat black people bad,’” she said. “Whether it is the White House or the NAACP, you cannot live in the moment of responding to the right-wing press, who is using that platform to literally do their organizing, to intimidate you and basically run this country!”

Addressing directly the “enemy” that she said confronts black America, Waters, a 10-term lawmaker known for her colorful outbursts, shouted: “Bring it on! Bring it on!”

Noted scholar Cornel West chided Obama for paying more attention to Wall Street than black Americans on the streets. 

“Just as you’re devoted to rescuing investment bankers,” West said during an afternoon panel discussion, “you ought to be interested to rescuing Lateesha, Jamal, and the others.” He added a spirited nod: “Mr. President, love your brother!”

Later, after remarks by the Rev. Al Sharpton, West returned to the theme that Obama must do more to help African-Americans, and included a cautionary note about the chief executive’s electoral fortunes. 

“His shine is only going to last as long as folk on the ground believe that he’s doing something,” West said. “And as the conditions get worse, their belief in his capacity to do something will wane, no matter what we do, because the conditions are real. It hurts.”

<a href="http://www.foxnews.com/politics/2010/07/28/black-leaders-chide-obama-white-house-right-wing-press/tag:news.google.com,2005:cluster=http://www.foxnews.com/politics/2010/07/28/black-leaders-chide-obama-white-house-right-wing-press/Wed, 28 Jul 2010 22:27:23 GMT 00:00″>Black Leaders Chide Obama White House, 'Right-Wing Press'

Which Heath Insurace is the best, Celtic, HealthAmerica, Aetna …

I’ve been looking to purchase my own health insurance and I’ve narrowed it down to these 3….Celtic, HealthAmerica, and Aetna. Can anyone let me know of their experiences with any of these 3 so that I can make an informed decision….Thank you!!!

This entry was posted on Saturday, July 31st, 2010 at 12:48 am and is filed under Uncategorized. You can follow any responses to this entry through the RSS 2.0 feed. You can leave a response, or trackback from your own site.

Which Heath Insurace is the best, Celtic, HealthAmerica, Aetna …