The Senate Finance Committee voted 14-9 to report to the full Senate legislation that would reform the U.S. health care delivery system.

An insurance trade group said a study shows new taxes on health care providers proposed in a Senate health care reform bill would raise the cost of health insurance by 14 percent over the next five years.

Reforming the civil litigation process would reduce health care costs and save the federal government $54 billion over 10 years, the Congressional Budget Office reported.

The property and casualty industry in general supports creating a federal insurance office.

A group of nine property and casualty industry trade groups today charged that legislation proposed in Congress, to end the exemption under antitrust laws for healthcare insurers, had a hidden agenda.

The chairman of the Commodities Futures Trading Commission today cited American International Group as the poster child for the need for strong regulation of the over-the-counter derivatives market.

The property and casualty insurance industry in general supports creating a Federal Office of Insurance, according to testimony yesterday before Congress, but some trade groups are at odds on its scope.

Health care reform legislation that the insurance industry can support took a giant step forward last week when the U.S. Senate Finance Committee rejected two amendments that would create a "public option" to compete with private carriers.