Phyllis Borzi spent decades helping invent ways to protect people from unpleasant surprises in their health and retirement plans. Never did she run into the kind of resistance finance firms have mustered against her latest idea.
A group of House Republicans said seniors lobby AARP will gain as much $1 billion over the next decade from the 2010 health care overhaul it supported and should have its tax-exempt status investigated.
Nokia Oyj’s preliminary victory in its efforts to collect royalties from Taiwanese phonemaker HTC Corp. will be reviewed by a U.S. trade agency with the power to keep the smartphones from entering the country.
Eighty-seven-year-old Lew Manchester has just returned from a three-week trip touring Buddhist temples in Laos and cruising the Mekong Delta in Vietnam. His 61-year-old daughter Lee lives year-round in the basement of her friend’s Cape Cod cottage, venturing into the winter cold to get to the bathroom.
AARP, a lobbying group for retirees, said today it is willing to support cuts in Social Security over “the long term” to shore up the program’s finances while stressing its opposition to any benefit changes as part of current efforts to slash the federal debt.
Maurice “Hank” Greenberg, who built American International Group Inc. into the world’s largest insurer before his ouster in 2005, is leading an effort to help Grandparents.com Inc. pitch coverage to seniors.
Peggie Theodore, 56, landed a job as a staffing assistant at the National Institutes of Health in January after a six-month search. Even earning less than she did in the Navy, she says she’s just happy to return to work.