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Most Recent Benefits Management News

Senate passes House version of highway bill with eased pension funding

By: Rob Kozlowski, Pensions & Investments

Published August 01, 2014 - 1:11pm CST

The U.S. Senate approved on Thursday the House version of a highway funding bill that includes more generous pension funding calculations.

ACA subsidy case being appealed to Supreme Court

By: Bob Herman, Modern Healthcare

Published August 01, 2014 - 11:28am CST

Plaintiffs who lost in the 4th Circuit U.S. Court of Appeals ruling over the legality of health insurance subsidies being paid to those who bought plans on non-state exchanges have formally asked the U.S. Supreme Court to take up the case.

Cigna to expand into new state exchanges despite early exchange financial losses

By: Melanie Evans, Modern Healthcare

Published July 31, 2014 - 2:06pm CST

Insurer Cigna Corp. plans to enter health insurance exchanges in Maryland, Georgia and Missouri next year, expanding its investment in the newly created markets despite losses seen in other exchange markets.

Single payment option available for Transitional Reinsurance Program fee: HHS

By: Jerry Geisel

Published July 31, 2014 - 1:41pm CST

Employers will have their choice to pay a controversial health care reform law fee in one payment or two installments, according to new guidance from the U.S. Department of Health and Human Services.

Census Bureau to release annual uninsured report in September

By: Jerry Geisel

Published July 31, 2014 - 12:20pm CST

The U.S. Census Bureau in mid-September will release its annual report on the number of people in the United States without health insurance.

House approves resolution to sue Obama for ACA employer mandate delay

By: Jerry Geisel

Published July 31, 2014 - 10:13am CST

The House of Representatives on Wednesday approved a resolution authorizing the House leadership to sue President Barack Obama for regulatory action taken last year that delayed the health reform law's employer mandate.

Cigna second-quarter profit rises as premium revenue grows

Published July 31, 2014 - 9:10am CST

(Reuters) — U.S. health insurer Cigna Corp. on Thursday said second-quarter profit and revenue both rose as it took in more health care premiums and fees from more customers in its commercial business.

Federal Obamacare market still faces cost overruns, delays: Watchdog

Published July 31, 2014 - 8:12am CST

(Reuters) — Ten months after the botched rollout of HealthCare.gov, Obamacare's federal health insurance exchange is still dogged by cost overruns and technology delays that could hamper enrollment.

ACA creation didn't violate constitutional rules on new taxes: Appeals court

By: Jerry Geisel

Published July 30, 2014 - 1:09pm CST

A federal appeals court Tuesday upheld a lower court ruling that Congress did not violate a U.S. constitutional requirement that tax-related legislation must originate in the House of Representatives when it passed the Patient Protection and Affordable Care Act in 2010.

Humana says profit fell on health reform, drug costs

Published July 30, 2014 - 9:31am CST

(Reuters) — U.S. health insurer Humana Inc. on Wednesday said second-quarter profit fell due to investments in the exchanges created under President Barack Obama's health care reform law as well as costly new hepatitis C drug treatments.

WellPoint medical cost ratio drives second-quarter profit beat

Published July 30, 2014 - 9:25am CST

(Reuters) — U.S. health insurer WellPoint Inc. on Wednesday reported a decline in second-quarter profit, but its closely watched medical costs as a percentage of premiums ratio improved and it beat Wall Street estimates.

BROKER BEAT: Alper Services L.L.C.

Published July 29, 2014 - 5:08pm CST

Business Insurance Associate Editor Bill Kenealy speaks with David Macknin, president of Alper Services L.L.C., about issues currently affecting the Chicago-based insurance brokerage.

PBGC takes over pension plan sponsored by estate of Victor Posner

By: Jerry Geisel

Published July 29, 2014 - 12:18pm CST

The Pension Benefit Guaranty Corp. is taking over and terminating the underfunded pension plan sponsored by the estate of one-time businessman and corporate raider Victor Posner.

Aetna says Coventry purchase boosted second-quarter profit

Published July 29, 2014 - 9:39am CST

(Reuters) — Aetna Inc., the third-largest U.S. health insurer, reported a higher second-quarter profit that beat analyst expectations, helped by last year's acquisition of Medicare and Medicaid provider Coventry Health Care.

Appeals court rules Virginia same-sex marriage ban invalid

By: Matt Dunning

Published July 28, 2014 - 4:49pm CST

A federal appeals court in Richmond, Virginia handed a significant legal victory to gay and lesbian couples seeking equal marriage rights and benefits on Monday by declaring that state's laws banning same-sex marriage invalid.

IRS releases draft of employer reporting form for health reform law compliance

By: Matt Dunning

Published July 25, 2014 - 12:02pm CST

The Internal Revenue Service has issued draft versions of the reporting forms most employers will begin using next year to show that their group health insurance plans comply with the health care reform law.

Colorado insurance exchange CEO jumps to Cigna

By: Bob Herman, Modern Healthcare

Published July 25, 2014 - 9:04am CST

Patty Fontneau, CEO of Connect for Health Colorado, will leave her position at the state's health insurance exchange in mid-August to become president of Cigna Corp.'s private exchange business.

House plan to sue Obama over employer-mandate delay moves forward

By: Paul Demko, Modern Healthcare

Published July 25, 2014 - 8:56am CST

A resolution authorizing the House of Representatives to sue President Barack Obama for exceeding his constitutional authority by delaying the employer mandate in the federal health care law cleared the House Rules Committee.

Health insurers to pay $330M in premium rebates

Published July 24, 2014 - 12:26pm CST

(Reuters) — U.S. health insurers will send out about $330 million in rebates to employers and individuals this summer under President Barack Obama's health care reform law, the HHS said on Thursday.

10.3 million gained insurance under Obamacare: Study

By: Paul Demko, Modern Healthcare

Published July 24, 2014 - 11:16am CST

About 10.3 million Americans have gained insurance coverage since the full implementation of Obamacare last year, according to an analysis published Wednesday in the New England Journal of Medicine.

Federal exchange premium subsidies still available while lawsuits proceed

By: Matt Dunning

Published July 23, 2014 - 2:32pm CST

The Obama administration has said it will continue providing premium subsidies for health care plans purchased through federally run public exchanges, pending a final resolution of two lawsuits seeking to limit their availability.

New actuary tables may be 'nail in the coffin' for DB plans

By: Meaghan Kilroy, Pensions & Investments

Published July 23, 2014 - 10:53am CST

The measured value of liabilities for most defined benefit plans will increase between 3% and 8% with the adoption of new mortality tables, said a report from Wilshire Consulting.

4th Circuit upholds premium subsidies for state and federal health exchanges

By: Matt Dunning

Published July 22, 2014 - 3:08pm CST

The 4th U.S. Circuit Court of Appeals on Tuesday unanimously upheld the federal government's right to issue premium subsidies for health insurance purchased in both state- and U.S.-operated public exchanges.

D.C. appeals court strikes down ACA insurance subsidies for federal exchanges

By: Joe Carlson, Modern Healthcare

Published July 22, 2014 - 10:06am CST

A federal appeals court has ruled the Obama administration cannot subsidize insurance premiums for nearly 7 million Americans, dealing a serious blow to the Patient Protection and Affordable Care Act.

Obama signs order barring federal discrimination against gays

Published July 21, 2014 - 2:30pm CST

(Reuters) — President Barack Obama signed an executive order on Monday barring federal contractors from discriminating on the basis of sexual orientation or gender identity.

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