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...That [selling the AIG stock] was not a breach of our fiduciary responsibility," Greenberg replied. He maintained that Starr - which was long operated as if it were a private subsidiary of AIG - is an independent company with the right to end the compensation plan as well as the right to sell its shares...

Author: /time Magazine | Title: Greenberg on the Stand: Is the Ex–AIG Chief Lying? | 6/17/2009 | See Source »

...Still, in order to shake up the system, a public plan would need to have enough doctors and hospitals participating as part of its network. Many Democrats believe that would only happen if providers were forced to accept patients, most likely as a condition of participating in Medicare - an idea that the AMA and others reject out of hand. Yet, as Blumberg points out, for all the conservative scare stories about government health care, "the people with the most choice are the people who are in the traditional Medicare program ... [with access to] a huge network of providers because...

Author: /time Magazine | Title: Will the Public Plan Make or Break Health Reform? | 6/16/2009 | See Source »

...Another way a public plan could drive down costs is by forcing private insurers to be more transparent. "The public plan will teach the country what this stuff actually costs," says Len Nichols, director of the New America Foundation's Health Policy Program and co-author of a March 2009 proposal for a public-plan option. Nichols says a public plan could provide a "credible benchmark" that consumers could use to measure whether private insurers are offering fair rates...

Author: /time Magazine | Title: Will the Public Plan Make or Break Health Reform? | 6/16/2009 | See Source »

...moment, even public plan options that don't potentially undercut private insurers lack traction with Senate Republicans, which is why Democratic Senator Kent Conrad over the weekend proposed the creation of "consumer health cooperatives." The idea, in essence, is to create a public option that isn't technically public at all; according to a one-page Conrad proposal circulating this week, state or regional nonprofit cooperatives would be created by federal charter and be member-owned and operated by boards of directors. The co-ops would operate by the rules of the insurance exchange and be capitalized by initial federal...

Author: /time Magazine | Title: Will the Public Plan Make or Break Health Reform? | 6/16/2009 | See Source »

...gotten the better of me, and I deserved to suffer the consequences. I also scolded all my friends and relatives who hadn't voted. When they complained about double-digit inflation, a real estate price hike of 150%, five-hour lines for gas (the government had botched a plan to drop gas subsidies), Internet censorship, government plans to facilitate polygamy and gender segregation in classrooms, I told them they were to blame, not Islamic theocracy. They had chosen not to elect a better leader. (Check out five reasons to be suspicious of Iran's election results...

Author: /time Magazine | Title: Even in a Tainted Election, Voting Still Matters | 6/16/2009 | See Source »

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