Health insurance premiums have increased at three times the rate of workers’ earnings since 1999, according to a recent economic analysis by researchers from Rice University and the Baylor School of Medicine. While economic forces don’ t exempt Top Workplaces, many are doing their best to shield their workers from the health insurance storm– and those workers…
OWASCO— A resolution to transition eligible Cayuga County retirees from their current health insurance plan to a Medicare Advantage plan has been tabled. Joan Smrtic, a retired Cayuga County employee, spoke at the Legislature meeting and mentioned she did not receive any calls, emails or letters about the proposed transition. The proposal, introduced by…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
Insurance companies are starting to write new policies in California again after years of holding back as wildfire risk climbed higher. The state Insurance Department says that means outgoing Commissioner Ricardo Lara's new regulations, intended to boost insurance availability, are working. Ben Armstrong, Consumer Watchdog's actuary, is tracking…
Attorney General James Uthmeier announced charges against seven defendants for their roles in a sophisticated, organized scheme that used multiple shell construction corporations to defraud workers' compensation insurers, operated an unlicensed money service business, and processed nearly $100 million in payroll. "This criminal enterprise…
As paymaster and healthcare administrator for state employees and retirees, Connecticut Comptroller Sean Scanlon moved swiftly to stop the auto-deposit on Kosta Diamantis' pension check on Sept. 17, and issued a statement about it less than two hours after the convicted former state budget official failed to show up in federal court for sentencing.
In a unanimous 12-0 decision, the Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to a target range of 3.75% to 4%. In explaining the first interest rate hike in three years, Fed Chair Kevin Warsh said that, "Inflation is the problem. Economist Guy Berger notes that looking back at what the Fed had expected at the end of last year, "the…
As the state works to reshape how it provides Medicaid services, Idaho state lawmakers are hoping to prioritize timely healthcare provider payments and prior authorizations, and recipients are hoping to improve coordination among services. Legislators on the Medicaid Review Panel heard updates Thursday on the process of moving the state's Medicaid…
Mark Warner has filed a bill that does away with the healthcare cuts in President Donald Trump's "One Big Beautiful Bill" while creating a low-cost public health plan to start the nation on the path to universal healthcare. This includes the $35 cap on insulin;. •cap out-of-pocket costs for medication under group or individual plans to $2,000 for single people and…
