July 24, 2001 - 6,231 subscribers Today's sponsor: The BenefitsLink Newsletter (click) Whether your market is retirement plans or health and welfare plans, the BenefitsLink Newsletter gives you the opportunity to reach a sophisticated, target audience-- including in-house benefit administrators, HR directors, administration consultants, third-party administrators, trust officers, attorneys, accountants, investment managers and highly-paid employee-owners. The BenefitsLink Newsletter offers a degree of editorial relevance and integrity found nowhere else online. We believe it inspires trust and confidence in our subscribers. Upcoming Live Webcast of Senate Hearing on Use of Genetic Information by Employers and Health Plans Live, beginning at 9:30 a.m. (ET) on Wednesday, July 25th. U.S. Senate Health, Education, Labor and Pensions Committee. Excerpt: "This full committee hearing will examine genetics research issues and non-discrimination in health insurance and employment." (KaiserNetwork.org) Analysis: Title VII Prohibits Exclusion of Prescription Contraceptives from Prescription Coverage Excerpt: "Failure to cover prescription contraceptives under a health plan that provides generally comprehensive prescription coverage violates Title VII of the Civil Rights Act of 1964, as amended by the Pregnancy Discrimination Act, according to the June 12, 2001 opinion issued by the United States District Court for the Western District of Washington." (Groom Law Group) Some Firms Make Deals With Loyal Layoff Victims Excerpt: "Forgo a severance package and receive instead a third of one's salary, all benefits and stock-option awards for a year. The catch? Takers must work for that year at a nonprofit group already associated with Cisco.... Even as many cash-strapped companies slash their work forces, some are worrying about severing ties with their best people, whom they hope to lure back once corporate fortunes rebound." (CareerJournal.com) Republicans Seek Votes Against Bipartisan Patients' Rights Bill Excerpt: "As the House moves toward a confrontation this week over managed health care, senior House Republican aides said today that Republicans did not yet have the votes to defeat a bipartisan patients' bill of rights favored by Democrats and opposed by President Bush." (New York Times; free registration required) A New Model for Controlling Health-Care Costs Excerpt: "Consumer in the same phrase as health care? Right up there with jumbo shrimp on your list of favorite oxymorons? Perhaps it shouldn't be. Perhaps putting the consumer in the driver's seat is exactly what our health-care system needs." (Workforce) Opinion: First, Do No Harm (re Patients' Rights Bill) Excerpt: "Provisions allowing patients an unrestricted private right of action and up to $5 million in punitive damages could open 56,000 new lawsuits per year at a cost of $16.3 billion, according to a study by the Employment Policy Foundation.... Yet the lawsuits are minor compared to the bill's heartstopping regulatory regime." (Washington Times) Playing the Odds on Long-Term Care Excerpt: "LTC insurance doesn't come cheap. And although it's a smart move for many people, for others it may be a waste of money. Here's what you need to know before you buy." (Money.com) Symantec Provides Free Program to Clean "Sircam" Virus from Infected Computers I received almost 20 emails containing a new 'worm' virus from almost 10 different senders yesterday. It's in the email's attachment, which will have a strange double suffix (e.g., 'Harris.doc.exe'). The virus is spread by email from infected Windows users' computers, and there's a chance it could fill up your hard drive with meaningless text. Symantec has a free downloadable file that can be run on an infected computer in order to clean out the virus. (Symantec) Analysis: Pension and Employee Benefit Provisions of EGTRRA Nice table; for each issue the table includes a summary of current law and a summary of the change created by the new law. (Groom Law Group) Newly Posted or Renewed Job Openings (Post Yours!)
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Copyright 2001 BenefitsLink.com, Inc., but you may freely distribute this email newsletter in whole. This newsletter is edited by David Rhett Baker, J.D.
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