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Archive for the ‘insurance industry’ Category

Wisconsin Pension Plan Among Most Secure

In insurance industry, Public Health Policy, Retirement Security on March 23, 2011 at 4:34 pm
The protests in Wisconsin over public workers’ pay, benefits and collective bargaining rights have underscored a dilemma facing many states: the cost of public pensions and how cash-strapped governments should pay for them. But the turmoil overshadows a salient point: Wisconsin may have a budget deficit, but its pension system does not.
Studies show that Wisconsin’s state pension program is one of the most solid in the country and has enough funds to cover the promises made not only to current retirees but to those in the future.

[Directly excerpted from Stateline on March 22, 2011.]

Repealing Health Reform’s Maintenance of Effort Provision Could Cause Millions of Children, Parents, Seniors, and People With Disabilities to Lose Coverage

In health reform, insurance industry, Low-Income Families, Public Health Policy, Retirement Security on February 13, 2011 at 6:10 pm
A number of Republican governors have asked Congress to repeal the maintenance of effort provisions of the Affordable Care Act, which generally requires states to hold coverage steady in their Medicaid and CHIP programs until 2014. The Center on Budget and Policy Priorities released a paper that highlights the harmful effects such a repeal would have on children, working parents, and the economy.

 

[The full paper, released on February 10, 2011 from the Center on Budget and Policy Priorities, can be downloaded here.]

 

Federal Unions Release Two Reports on the Detrimental Impact of the Senate Excise Tax on FEHBP Health Plans

In General, insurance industry, Public Health Policy on January 26, 2010 at 3:09 pm

Reports find that excise tax will have reduce benefits and raise costs for employees

WASHINGTON – Two reports released December 8, 2009 by federal unions found that the so-called “Cadillac” tax on higher-cost health plans contained in the U.S. Senate health care bill would actually affect average plans like those under the Federal Employees Health Benefits Program (FEHBP). The reports suggest that the excise tax would result in significant health benefit cuts and shifting of costs to employees, as plans try to avoid the tax.

The reports were released by the American Federation of Government Employees (AFGE), American Postal Workers Union (APWU), National Association of Letter Carriers (NALC) and the Communications Workers of America (CWA). They were joined by Rep. Chris Van Hollen (D-Md.) and Rep. Gerry Connolly (D-Va.).

“These studies show us that the excise tax will further drive up the skyrocketing health care costs and will make it impossible for federal workers to achieve the health security they need.  Read the rest of this entry »

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