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Sunday April 20th 2014

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‘Industry Updates’ Archives

CA Health Chief Looks Within For Solution to Rising Costs

CA Health Chief Looks Within For Solution to Rising Costs

The health care industry is the worst managed in America. It wastes near $765 billion a year due to inefficiencies, mistakes, duplicative and unnecessary services and fraud, according to the Institute of Medicine. That's nearly a third of total health care spending. But the game is changing, and not just because of the health care law. Anxiety [...]

CA Healthcare Exchange Sets Benefits and Costs for Plans

CA Healthcare Exchange Sets Benefits and Costs for Plans

The state's healthcare exchange, Covered California, began a small revolution Wednesday when standardized benefits and costs were unveiled for insurance plans it will begin selling next year. The federal government's Affordable Care Act requires most people to have insurance by January 1, 2014. The law requires insurance companies to offer [...]

Secret Service to Train Employees in Retirement Planning

Secret Service to Train Employees in Retirement Planning

The U.S. Secret Service has issued a Request for Quote (RFQ) to firms that can provide financial planning and retirement planning seminars to Secret Service employees at the agency’s training center in Laurel, MD, and in Washington, DC. The Secret Service intends to issue one Blanket Purchase Agreement (BPA) for one selected vendor, which would [...]

RN Protest Calling for Expanded Medicare for All

RN Protest Calling for Expanded Medicare for All

Registered nurses will join with the Campaign for a Healthy California, a coalition of labor and healthcare activists, Monday, February 11 in Sacramento in a challenge to California health insurance corporations, the latest step in an ongoing campaign to work for guaranteed healthcare for all by expanding and updating Medicare to cover [...]

Cigna Paying Berkshire $2.2 Billion to Take Annuity

Cigna Paying Berkshire $2.2 Billion to Take Annuity

Cigna Corp. (CI) struck a deal with Warren Buffett's Berkshire Hathaway Inc. (BRKA, BRKB) that will transfer up to $4 billion in obligations pegged to once-troublesome annuity operations Cigna began winding down more than a decade ago. Despite being in wind-down mode, the businesses can still pop up as messy distractions in Cigna's financial [...]

SynerMed and the CA LTC Education Center to Add Thousands of Jobs

SynerMed and the CA LTC Education Center to Add Thousands of Jobs

SynerMed, Inc., announced that it is partnering with the California Long-Term Care Education Center (CLTCEC) to transform IHSS education and create a care coordination model for consumers with chronic conditions. CLTCEC was awarded an $11.8 million grant by the Centers for Medicare and Medicaid Services (CMS) to institute managed care solutions [...]

After Earnings Struggle, Health Net Focuses on CA Duals

After Earnings Struggle, Health Net Focuses on CA Duals

Managed care insurer Health Net reported 2012 fourth quarter earnings down 91 percent from the previous year, after litigation, severance costs and declines in commercial enrollment. The  company had fourth quarter 2012 revenue of about $2.8 billion — roughly equal to fourth quarter 2011 — but took several losses, and is also spending $30 [...]

Kaiser Tops State Health Insurance Market with 40% Share

Kaiser Tops State Health Insurance Market with 40% Share

Nonprofit healthcare giant Kaiser Permanente had a 40% share of California's $59-billion health insurance market for employers and individuals, new data show. A report issued this week by Citigroup analyst Carl McDonald compiled nationwide data on 2011 premiums and enrollment among large and small employers and individuals buying their own [...]

SF Restaurants Probed Over Health Care Fees

SF Restaurants Probed Over Health Care Fees

Dozens of San Francisco restaurants are under investigation for exploiting a new city program by keeping customer surcharges instead of spending them on employee health care, city attorney Dennis Herrera announced Friday. Offending restaurants have until April 10 to spend at least half the fees collected on employee health care or face consumer [...]

Retirement Planning’s ‘Magic Numbers’

Retirement Planning’s ‘Magic Numbers’

Fidelity Investments, the nation's largest provider of 401(k) plans has come up with a magic number to determine when your clients are saving enough. Typical wage earners, it said, should aim to save at least eight times their final annual pay to be sure they can afford basic living expenses in retirement. To come up with the formula, Fidelity [...]

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