Ask AP for Aug. 28
Millions of Americans could be affected by the health care overhaul that’s being hashed out in Congress. Will that include the few hundred of them who serve in the House and the Senate?
Curiosity about the reform effort and lawmakers’ own health benefits inspired one of the questions in this edition of “Ask AP,” a weekly Q&A column where AP journalists respond to readers’ questions about the news.
If you have your own news-related question that you’d like to see answered by an AP reporter or editor, send it to newsquestions@ap.org, with “Ask AP” in the subject line. And please include your full name and hometown so they can be published with your question.
=====
A recent AP article about Hawaii’s 50th anniversary as a state said the Hawaiian monarchy was overthrown in 1893 by a group of white businessmen. What kind of business were these men in?
Rebecca Moeller
Socorro, N.M.
—
The overthrow was organized by a group called the Committee of Safety, whose 13 members were businessmen seeking annexation of Hawaii by the United States. The members included sugar planters, Pacific shippers, a newspaper editor, lumber salesmen and a grocer.
The businessmen wanted Hawaii to become a U.S. territory so they could make more money selling their goods – mainly sugar – to the United States.
An 1890 law called the McKinley Act had imposed steep tariffs on imports to the United States to protect American manufacturers. If Hawaii joined the U.S., businesses there could regain some of the profits they had previously enjoyed under an 1875 treaty allowing goods such as sugar and rice to be imported into the U.S. tax-free.
Some of those businesses evolved into the “Big Five,” a group of former sugar corporations that gained political power and profits after annexation. The Big Five were Castle & Cooke, Alexander & Baldwin, C. Brewer & Co., Amfac and Theo H. Davies & Co.
Castle & Cooke is now a Hawaii land owner and developer. Alexander & Baldwin is also a land owner and is the parent company of Matson Navigation Co.
C. Brewer & Co. was liquidated in recent years. Amfac became Kaanapali Land LLC, which owns land in West Maui. Theo H. Davies later owned Pizza Hut, Taco Bell, Mercedes-Benz and Jaguar franchises in the islands.
Mark Niesse
Associated Press Writer
Honolulu
=====
Why would Congress exclude themselves from a proposed health care program for everyone if it is so good?
Robert Thiebeau
Morehead City, N.C.
—
Congress has not proposed a health care program for everyone. Most Democrats do support a new government-run insurance plan that would compete with private insurers and provide an option mostly for people who aren’t already covered through their employers.
It’s true that most lawmakers would not likely join this new Medicare-like public plan, though they are not specifically excluding themselves.
Legislation passed by the Senate Health, Education, Labor and Pensions Committee includes an amendment by Sen. Tom Coburn, R-Okla., that would require members of Congress and their aides to enroll in a new public plan created by the bill. However, the provision is unlikely to appear in any final bill.
In the House, the Education and Labor Committee agreed to a weaker amendment by Rep. Joe Wilson, R-S.C., that would urge lawmakers who vote for the public plan to also join it.
When asked why they don’t make the proposed public plan mandatory for themselves, lawmakers sometimes make the point that joining the public plan is envisioned as being voluntary for everyone.
Currently, members of Congress can participate in the Federal Employees Health Benefits Program under the same rules as other federal employees. The program offers a wide choice of private plans that members can enroll in, with the government paying between 72 percent and 75 percent of the premium cost – similar to the employer-employee split in the private sector.
Erica Werner
AP Health Care Writer
Washington
=====
If I have money in a certificate of deposit with an FDIC-insured bank, and the bank defaults on an interest payment to me, how is the FDIC intervention initiated? How long does it take for me to get my money? Does the FDIC guarantee the interest payments or only the principal?
Fred Clark
Albuquerque, N.M.
—
It depends on whether the bank where you have the CD fails or – a more rare occurrence – the bank simply fails to make an interest payment that it owes you.
In the case of a bank insured by the Federal Deposit Insurance Corp. that fails, and that’s taken over by the FDIC, your CD is covered just like any deposit account – up to $250,000 per depositor per bank, applied to both principal and interest. There is no waiting time for access to your money.
In the event of a default on payments by a bank that is still operating, regulators advise you to first try to rectify the situation with the institution. If that doesn’t bring results, contact the bank’s primary regulator – it could be the federal Office of Thrift Supervision, the Office of the Comptroller of the Currency or a state agency. Or contact the banking department or consumer affairs office in your state. The FDIC isn’t involved in that type of situation.
Marcy Gordon
AP Business Writer
Washington
=====
Have questions of your own? Send them to newsquestions@ap.org.













