Employers Projecting Costs to Increase 8.9% Next Year WASHINGTON, Aug. 18 /PRNewswire/ — A majority of large U.S. employers are moving forward with plans to make changes to their 2011 health care benefit programs in the wake of both health reform and expected large health benefit cost increases next year, according to a new survey [...]
Aug 23 2010 | Posted in
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* Many big employers must drop spending limits * Several new rules set to take effect in September By Jon Lentz WASHINGTON, Aug 18 (Reuters) – Many of the biggest U.S. companies are removing spending limits from their employees’ health plans and taking other steps to comply with the new healthcare law, according to a [...]
Aug 23 2010 | Posted in
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WASHINGTON – The American Bankers Insurance Association announced plans to release their 2010 Study of Banks in Insurance at their annual conference on September 22-24 at the JW Marriott Desert Ridge in Phoenix Arizona. The study is based on a collection of annual research about the current and planned insurance activities of U.S. banks. It [...]
Aug 23 2010 | Posted in
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SEATTLE (Aug. 17, 2010) — The National Association of Insurance Commissioners (NAIC) Executive Committee/Plenary overwhelmingly approved final implementation of the Medical Loss Ratio (MLR) Blanks Proposal to implement a provision of the Patient Protection and Affordable Care Act (PPACA). Blanks are the actual forms submitted by insurance companies to report financial information to state regulators. [...]
Aug 23 2010 | Posted in
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The wheels are coming off ObamaCare even sooner than most had predicted. The American people are not being fooled by the sugar-coated sales campaign, jobs are being lost, health costs are rising, and the first program to be launched is a dud. A new CNN poll shows that 56 percent of Americans oppose the health [...]
Aug 23 2010 | Posted in
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Preventive care provision lifts financial barriers for consumers, raises costs for employers and insurers NEW YORK–(BUSINESS WIRE)–While financial uncertainties drove many Americans to rein in their consumption of health care services during the recession, the Patient Protection and Affordable Care Act will remove patient out-of-pocket costs for preventive care services under many plans beginning in [...]
Aug 23 2010 | Posted in
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(Reuters) – Julia Wood, a 51-year-old mother of 12 from Chicago’s East side, has some health insurance through a state program — but is so worried she may lose it she asks not to give her real name. Wood’s husband, a plumbing contractor, watched his business dry up in 2008 with the mortgage crisis. “The [...]
Aug 23 2010 | Posted in
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ILFC Loan Repayment Funds the Largest Single AIG Cash Reduction to Date on FRBNY Loan NEW YORK–(BUSINESS WIRE)–American International Group, Inc. (AIG) has applied nearly $4 billion received from International Lease Finance Corporation (ILFC) to the Federal Reserve Bank of New York (FRBNY) Revolving Credit Facility (credit facility), reducing AIG’s outstanding principal balance to slightly [...]
Aug 23 2010 | Posted in
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(Reuters) – Tropical Storm Danielle in the central Atlantic Ocean was expected to strengthen into a hurricane in the next 24 hours as it moved west-northwest toward Bermuda, the U.S. National Hurricane Center said in an early Monday advisory. Danielle, the fourth named storm of the 2010 Atlantic hurricane season, was located about 850 miles [...]
Aug 23 2010 | Posted in
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Travelers Customers See Burglary, Stolen Wallets/IDs as Top Causes of ID Fraud National Study Reports Number of ID Fraud Victims Up 12 Percent in 2009 HARTFORD, Conn.–(BUSINESS WIRE)–Burglary, stolen wallets and pilfered identifications continue to top the list of the most common known causes of identity fraud for Travelers customers, accounting for 76 percent of [...]
Aug 23 2010 | Posted in
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