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The BenefitsLink Newsletter -
Welfare Plans Edition
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January 30, 2002 - 6,414 subscribers
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Bush Tries to Allay Concerns Over Cost of Care and Access to It
Excerpt: "President Bush sought tonight to ease growing concerns about the cost and availability of health care, particularly prescription drugs. But his remarks on what many experts say is a new and dangerous health care crisis were very brief." (New York Times; free registration required)

President Broaches Health Agenda in State of Union
Excerpt: "In his first State of the Union address, President Bush laid out a full health agenda, asking Congress to increase funding to protect the nation from bioterrorist attacks, to provide tax credits to help the uninsured purchase coverage, and to pass a 'patients' bill of rights' and Medicare reforms including a prescription drug benefit." (Reuters Health via Lycos)

Bush May Offer More Flexibility on Proposed Damage Caps Under Patients' Rights Legislation
Excerpt: "The White House, hoping to 'strike a deal' on a patients' rights bill, has 'signaled greater flexibility' on proposed caps that would limit the amount of damages that plaintiffs could receive in lawsuits against health plans, the Wall Street Journal reports." (KaiserNetwork.org)

In State of the Union, Bush Asks for Action on Patients' Rights, Uninsured, Prescription Drugs
Excerpt: "During his Jan. 29 State of the Union Address, President Bush called on Congress to pass a patients' bill of rights and legislation reforming Medicare that includes a prescription drug benefit, saying, 'Americans know economic security can vanish in an instant without health security.'" (KaiserNetwork.org)

California Health Plan Chief Charged With Fraud
Excerpt: "The president of a Novato health insurer was arrested yesterday on federal charges of selling fraudulent health plans and using the premiums to buy football tickets and lease expensive cars, authorities said." (The San Francisco Chronicle via the Society for Human Resource Management)

First Circuit Limits Remedies For Retirees Improperly Terminated From Company's Welfare Plan
Retirees who were improperly terminated from a company's welfare benefits plan were entitled to reinstatement and reimbursement for expenses that would have been covered by the plan, but not to additional equitable relief. This was the ruling of the First Circuit U.S. Court of Appeals in LaRocca, et al. v. Borden, Inc., et al. (Nos. 00-2386 and 00-2387). (Spencernet)

Cost Concerns Abruptly Displace Attraction and Retention Considerations for Employers
Excerpt: "An overwhelming 85 percent of benefit specialists identified controlling rising health care costs as their top priority for 2002 from an employer's perspective. When asked to respond as employees, however, they cited retirement issues as their top priority -- with three out of their top five priorities relating to retirement and investment issues." (Business Wire via International Foundation of Employee Benefit Plans)

Newly Posted or Renewed Job Openings - Post a Help Wanted Ad
401(k) / Retirement Plan Administrator for Howard Simon & Associates, Inc.
Retirement Sales District Manager for ADP, Inc
Consultant for Associated Pension Consultants
Pension Administrator for Pension Investors Corp. of Orlando
Director of Service Operations for AEGON Insurance Group

Newly Posted Webcasts (Post Yours!)
2002: The Year Ahead in Health Policy on January 30, 2002
presented by KaiserNetwork.org and Congressional Quarterly

Newly Posted Conferences (Post Yours!)
Defending the Fiduciaryin CA on February 21, 2002
presented by Western Pension and Benefits Conference - Orange County Chapter
Form 5500/Government Forms Workshop - Expanded content, Including EGTRRA for 2002! ( 1-day program, 30 locations nationwide, March-May)in CA, CO, DC, GA, IA, IL, IN, KY, LA, MA, MD, MI, MN, MO, NC, NE, NJ, NY, OH, PA, TX, WA, WI on March 21, 2002
presented by SunGard Corbel
401(k) Update Program- Including the Latest on EGTRRA! (1-day program, 48 Locations Nationwide, March-May)in AZ, CA, CO, CT, DC, FL, GA, HI, IA, IL, IN, KS, KY, MA, MD, MI, MN, MO, MS, NC, NE, NJ, NM, NY, OH, OK, OR, PA, TN, TX, UT, WA, WI on March 21, 2002
presented by SunGard Corbel

Newly Posted Press Releases
MyBenefitSourceSM Launches Insurance & Financial Services Group (MyBenefitSource)
50 actual performance management programs offered (Watson Wyatt Data Services)

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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.