If your health insurer pays too much for a claim, you might think that would be a good kind of problem. But it could turn out to be more of a headache than a windfall.
Just ask Lisa Dowden, who had gastric bypass surgery three years ago. In September, the 51-year-old lawyer got a bill from her insurer claiming she owed more than $9,100 because it had overpaid for the services of the surgeon who assisted on her operation.
Originally published on Tue December 11, 2012 9:06 pm
Update at 6:00 p.m. ET:
Michigan Gov. Rick Snyder has signed into law two controversial "right-to-work" bills passed earlier Tuesday by the state's House. This officially makes Michigan the 24th right-to-work state in the nation.
The two bills give both public and private employees so-called right-to-work protections — controversial pieces of legislation that have sparked protests in and around the state capitol in Lansing.
Detroit officials face a tough vote Tuesday as they try to keep their city from going over its own "fiscal cliff." If the mayor and City Council cannot agree on a plan to reduce the city's budget deficit, state officials are poised to take away their power and assume total control over Detroit's finances.
It's been a continuing vicious cycle: Detroit's population exodus, lost tax revenue and chronic mismanagement have left the city burning through cash to the point where the state of Michigan has to provide funding to help the city meet payroll for the next few months.
By the year 2030, for the first time in history, a majority of the world's population will be out of poverty. Middle classes will be the most important social and economic sector. Asia will enjoy the global power status it last had in the Middle Ages, while the 350-year rise of the West will be largely reversed. Global leadership may be shared, and the world is likely to be democratizing.
Update at 7 a.m. ET, Dec. 11. Settlement Announced:
Saying that "we accept responsibility for our past mistakes," the chief executive of Britain's HSBC has confirmed that the banking giant will pay a record $1.9 billion to settle charges related to a money laundering scheme in the U.S.
The women's shoe department at Nordstrom's flagship store in Seattle is bustling. Shoppers are trying on everything from stilettos to rain boots — and when they're ready to buy, they can pay up right where they are.
The sales associate simply whips out a modified iPod Touch and scans the shoe box's bar code. The handheld device contains a credit card reader, too, so the customer can just hand over the plastic and sign with a fingertip. There's no trek to the cash register and no line to wait in.
Now an observation about budget deals, tax increases, ideology, and self interest here in the United States. It comes from writer Joel Kotkin, who covers demographic, social and economic trends. Kotkin recently wrote a piece for Forbes called "The Blue-State Suicide Pact." It's about who favors and who would be hit by a higher tax rate for income over $250,000 a year. And Kotkin says the states that would be hardest hit by the very tax increases that Democrats favor are the states where Democrats tend to be the strongest.
From NPR News, this is ALL THINGS CONSIDERED. I'm Audie Cornish.
ROBERT SIEGEL, HOST:
And I'm Robert Siegel. President Obama got out of Washington today. He visited a car plant this afternoon in Detroit. The president was there, in part, to talk jobs and to herald some good news for manufacturing in Michigan. But looming over today's visit, and over much of what Mr. Obama does these days, are the budget negotiations back in Washington.