Should the U.S. Supreme Court ruling in King v. Burwell go against the Obama administration, the fallout will hit small businesses especially hard. This is what Linda Blumberg, senior fellow at the Urban Institute, planned to tell a U.S. Senate committee today, according to the news portal The Hill. While 7.5 million will likely lose insurance […]
Category: News
MetLife: The more benefits, the happier the employee
Controlling health care costs is important for employers, but it’s not their No.1 concern. Retention was cited as the main objective of employee benefits by 41% of employers surveyed in MetLife’s 13th annual employee benefit trends study. In the past, cost was the primary concern, says Meredith Ryan-Reid, the head of accident and health/worksite benefits at MetLife. […]
Emergency room visits keep climbing under PPACA
Emergency room visits have increased under the Patient Protection and Affordable Care Act despite the law’s promises and efforts to curb them, ER room doctors say. Three-quarters of emergency physicians say that emergency visits are going up, according to a new poll by The American College of Emergency Physicians. It’s a significant jump from just […]
Covering the new copay
Commentary: Consumers are beginning to see some direct effects of the Affordable Care Act. Many have shopped the exchanges and see that they need to confirm health care coverage as part of filing their federal income tax returns, and a growing number continue to see the structure of medical benefits offered by employers shifting to […]
PPACA Health Insurance Tax repeal bill gaining steam
A funding mechanism included in the Patient Protection and Affordable Care Act is gaining steam in the House of Representatives, leading to a round of huzzahs from the small business community. Because affordable care for all will only be affordable if someone underwrites its true cost, the law includes various taxes and assessments designed to […]
Leading Democrat introduces alternative retirement savings proposal
Rep. Joe Crowley, D-NY, vice chair of the Democratic Caucus unveiled a plan this week that would address the savings and retirement security crisis in America by giving families better ways to save for the future and retire with dignity. Crowley’s “Building Better Savings, Building Brighter Futures” plan would create new financial options that encourage […]
Retirement benefits will be key to attraction, retention purposes
The Affordable Care Act has had one unintended consequence for small businesses. It has prompted employers to beef up their retirement benefits as a way to attract and retain good employees, according to The Nationwide Retirement Institute. With implementation of the ACA came a requirement for small businesses with 100 or more full-time employees to […]
Time to kill the 4 percent rule?
When it comes to retirement, the 4 percent rule just doesn’t cut it for most people. That’s according to a new PwC US report that says the notion of withdrawing 4 percent per year in retirement may work for the wealthy but could be disastrous for everyone else. If Americans stick to the idea of […]
Double-digit cost hike predicted for pharmacy drugs
Driven by the developmental and retail costs of specialty drugs and a less-than-robust generic drug market, pharmaceutical price increases will move into the double-digit range by 2016. That’s what an analysis of cost factors by Aon Hewitt forecasts. The results emerged from an actuarial analysis of medical trend cost information from various sources, from client experience, […]
ACA News: What’s happened so far – provisions that took effect 2010-2014
The Affordable Care Act (ACA or health care reform law) changed how health care plans work and how people can get coverage. It also changed the way we do business and the way you serve your clients. Now more than ever, it’s important to stay on top of what’s changed, and prepare for what’s ahead. That’s […]