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Search the News Archive

103 Matching News Items

1.  Bloomberg Businessweek Link to more items from this source
Jan. 20, 2015
"Treasury ... launched a small pilot project in mid-December. There was little publicity, and the agency won't say how many employers are participating, or exactly when MyRAs will become more widely available later this year. At least one government agency is on board: [OPM] is opening MyRAs up to part-time and seasonal employees who aren't eligible for the Federal Employees Retirement System. Private employers who want to offer MyRAs to workers are welcome to volunteer, a Treasury spokesman says, but the department isn't actively recruiting new participants."
2.  Bloomberg Businessweek Link to more items from this source
Nov. 4, 2014
"[T]he International Franchise Association and the U.S. Chamber of Commerce commissioned a survey indicating that some employers have already cut hours and replaced full-time employees with part-timers to skirt the mandate.... Of franchise businesses, 31 percent said they have reduced hours because of the health-care law, compared to 12 percent for non-franchise businesses. A smaller number of franchises said they cut headcount or replaced full-time workers with part-timers because of the law -- even though the employer mandate was delayed over the summer until 2015."
3.  Bloomberg Businessweek Link to more items from this source
Nov. 3, 2014
"A 401(k) world means more Americans own stock. In some ways that's a positive trend, because it means more own a piece of the country's rising wealth. But the danger is since wages haven't increased and many lack other sources of savings, Americans turn to their 401(k)s when times get hard, which incurs both immediate penalties and long-term consequences. A tried-and-true rule of investing is to never invest your emergency fund in risky assets; when people turned their 401(k)s into emergency savings, they got hammered by the market."
4.  Bloomberg Businessweek Link to more items from this source
Oct. 27, 2014
"Detroit's pension debt holders dropped the last major objection to the city's $7 billion debt-cutting plan, as the biggest U.S. municipality to file bankruptcy began its last push to leave court oversight.... The pension debt investors hold about $1 billion in debt that was raised by the city to shore up its retirement system in 2006. It will be canceled under the plan, and the investors and bond insurers that guaranteed it will be given $141 million in new notes and land instead."
5.  Bloomberg Businessweek Link to more items from this source
Oct. 17, 2014
"Compared with defined-benefit plans in the U.S. -- rare, underfunded, and governed by accounting standards derided by almost every economist -- the Dutch pension system looks even better. It does have a weakness, though, one that's often overlooked, even though it may be the only aspect of the Dutch system that's likely to be adopted here: In the Netherlands, annual cost-of-living increases depend (PDF) on the health of the pension's balance sheet. If returns fall, benefits don't increase. If the fund performs badly enough, pensioners may even suffer benefit cuts."
6.  Bloomberg Businessweek Link to more items from this source
Sept. 30, 2014
"No one will be shopping for separate eye-care plans, an exclusion that roils companies that sell vision insurance. Even though they aren't getting new customers, vision insurers still have to pay the [ACA's] tax on health insurance providers. Why did vision get left out of Obamacare? ... When [insurer VSP Global] paid the fee last week, the levy amounted to $25 million. In a letter to the Internal Revenue Service along with the payment, VSP's general counsel said the company intends to seek a refund."
7.  Bloomberg Businessweek Link to more items from this source
Sept. 18, 2014
"Most hospitals currently make more money performing a surgery than providing preventive care to avoid one, but under the Affordable Care Act they're being encouraged to change that: Instead of compensating doctors and hospitals for each service provided, the law encourages arrangements that reward hospitals for better outcomes. Some health-care providers have responded by consolidating."
8.  Bloomberg Businessweek Link to more items from this source
Sept. 5, 2014
"Starting in July, most workers will earn an hour of paid leave for each 30 hours worked, as much as three days a year.... The country's first and only other statewide law requiring paid sick leave passed three years ago in Connecticut.... While industry groups in California and elsewhere have fought to stop such policies, supporters say the results show businesses have little to be concerned about."
9.  Bloomberg Businessweek Link to more items from this source
Apr. 8, 2014
"Health insurers stand to lose control over raising rates in the most populous U.S. state at a time of dramatic growth in the customer base.... The ballot initiative would require insurers to disclose publicly and justify proposed rate changes and give the state insurance commissioner authority to reject increases. It would apply to every plan that covers individual and small-group policy holders."
10.  Bloomberg Businessweek Link to more items from this source
Feb. 20, 2014
"Only 19 percent of enrollees chose the coverage with the cheapest premiums, called bronze, while 7 percent picked the most expensive ... Mid-level silver plans drew 62 percent.... Bronze plans cover only 60 percent of costs, making consumers liable for maximum deductibles of $6,000 a person in medical care.... For a family on a silver plan with an income at 150 percent of the federal poverty level, the cost-sharing assistance reduces a $12,700 annual out-of-pocket maximum to $4,500, and for an individual, from $6,350 to $2,250[.]"
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