WASHINGTON— Hoping to avoid another political uproar over the Affordable Care Act, the Obama administration is trying to persuade states to cut back big rate increases requested by many health insurance companies for 2016.. In calling for aggressive regulation of rates, federal officials are setting up a potential clash with insurers.
Companies are giving their workers benefits instead of raises. Once a staple of the American workplace, the annual raise is turning into a relic of the pre-crisis economy as companies turn to creative– and cheaper– ways to compensate their employees. “There's been this seismic shift,” said Gary Burnison, chief executive of Korn Ferry, an executive search and talent…Read more