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Multiemployer pensions rescue buys the PBGC some time

By: Jerry Geisel

Published March 29, 2015 - 6:00am CST

While experts may disagree on the strength of the Pension Benefit Guaranty Corp.’s insurance program for single-employer pension plans, there is a broad consensus that lawmakers had to act last year to prevent the collapse of big, underfunded multiemployer pension plans, and with that the PBGC’s multiemployer insurance program.

PBGC may need a financial safety net of its own

By: Jerry Geisel

Published March 29, 2015 - 6:00am CST

Forty years after it was created, the future of the federal agency that guarantees employees' and retirees' pension benefits is in doubt.

Republicans eye budget maneuver to pass GOP subsidies fix

By: Paul Demko, Modern Healthcare

Published March 24, 2015 - 9:54am CST

House Ways and Means Chair Paul Ryan, R-Wis., says Republicans need to have a plan in place by June 20 to respond if the U.S. Supreme Court strikes down subsidies in up to 37 states.

EEOC revising rules on financial incentives for wellness programs

By: Matt Dunning

Published March 20, 2015 - 2:10pm CST

The EEOC on Friday signaled that it has completed a set of rule revisions to address practical conflicts in the regulations governing the use of financial incentives in workplace wellness programs.

Obama administration parades health coverage figures

By: Jerry Geisel

Published March 18, 2015 - 10:35am CST

As the fifth anniversary of the signing of the president's landmark health insurance reform law nears, the Obama administration is boasting about what it says is the law's major success: reducing the number of uninsured.

Health care plan enrollments steady despite reform law

By: Jerry Geisel

Published March 17, 2015 - 2:48pm CST

The health care reform law has so far had little effect on the percentage of employees enrolled in employer-sponsored health care plans, according to a survey.

Supreme Court ruling supports Notre Dame's objections to contraception mandate

By: Matt Dunning

Published March 15, 2015 - 6:00am CST

The U.S. Supreme Court has sent its strongest signal yet that it's unlikely to allow the federal government to force religious nonprofit organizations to offer prescription contraceptive coverage to their employees.

Health care reform may drive workers comp costs higher

By: Sheena Harrison

Published March 15, 2015 - 6:00am CST

BOSTON — Federal health care reform is expected to encourage the development of flat-fee, or capitated, health plans, which could shift medical costs for workplace injuries from group health plans to workers compensation, according to preliminary research from the Workers Compensation Research Institute.

Health exchange subsidy ruling by Supreme Court may spur action in Congress

By: Jerry Geisel

Published March 15, 2015 - 6:00am CST

A U.S. Supreme Court decision striking down premium subsidies for millions of people obtaining health insurance through the federal exchange could result in the first major bipartisan congressional effort to change the health care reform law.

2015 Risk Management Summit highlights cyber terrorism, international risk

Published March 15, 2015 - 6:00am CST

In our latest In Focus video, senior risk managers, leaders and innovators convene for the Business Insurance two-day networking and educational conference in New York City.

Chicago mayor seeks to phase in higher pension payments

Published March 13, 2015 - 3:49pm CST

(Reuters) — Chicago Mayor Rahm Emanuel on Friday called for phasing in higher, state-mandated payments to city pension funds to avoid a shock to the city’s budget and a big property tax hike.

Illinois solicitor general says pension clause can be 'altered'

By: Meaghan Kilroy, Pensions & Investments

Published March 12, 2015 - 12:58pm CST

Oral arguments over the constitutionality of Illinois' 2013 pension reform law began at the Illinois Supreme Court on Wednesday afternoon.

Multiemployer benefit cuts will be deeper, PBGC study says

By: Hazel Bradford, Pensions & Investments

Published March 11, 2015 - 4:03pm CST

More than half of multiemployer plan participants will have their benefits reduced when their plans become insolvent and rely on government guarantees in the near future, said a study released Wednesday by the Pension Benefit Guaranty Corp.

California pension reform measure to target CalPERS

Published March 11, 2015 - 3:25pm CST

(Reuters) — A ballot measure campaign to cut California's public pensions will be launched in May by a coalition of politicians and business people led by former San Jose Mayor Chuck Reed, with the state's largest retirement system a prime target.

Most states are funding their pensions, study finds

By: Hazel Bradford, Pensions & Investments

Published March 11, 2015 - 2:41pm CST

Most governments made good-faith efforts to fund their pension plans, and only a few “severely neglected” their funding responsibilities, said a new study released Wednesday by the National Association of State Retirement Administrators.

Illinois Supreme Court to hear oral arguments on landmark pension reform law

By: Meaghan Kilroy, Pensions & Investments

Published March 11, 2015 - 1:57pm CST

The Illinois Supreme Court will hear oral arguments on the constitutionality of Illinois’ pension reform law Wednesday afternoon.

Almost 11.7 million covered through government health insurance exchanges

By: Jerry Geisel

Published March 11, 2015 - 12:19pm CST

Nearly 11.7 million people selected plans in the federal and state health insurance exchanges during the 2015 open season, the U.S. Department of Health and Services reported, a big jump over last year's enrollment.

Employers must disclose pension de-risking efforts to PBGC

By: Jerry Geisel

Published March 11, 2015 - 10:55am CST

Employers that “de-risk” their pension plans now have to disclose risk transfer information to the Pension Benefit Guaranty Corp. as part of paying their annual pension insurance premiums to the federal agency.

Congressional Budget Office cuts estimates for health reform costs

Published March 09, 2015 - 2:42pm CST

(Reuters) — U.S. Congressional forecasters on Monday once again cut their estimate of health care reform insurance coverage costs.

Supreme Court revives Notre Dame's contraception objections

Published March 09, 2015 - 2:04pm CST

(Reuters) — The U.S. Supreme Court on Monday revived the University of Notre Dame's religious objections to the requirement for contraception coverage under President Barack Obama's health care law.

Few states likely to set up health exchanges to save subsidies

By: Paul Demko, Modern Healthcare

Published March 06, 2015 - 2:34pm CST

During oral arguments before the U.S. Supreme Court on Wednesday in King v. Burwell, Justice Samuel Alito suggested that there is a relatively simple fix to the problem of residents in up to 37 states that haven't established their own exchanges potentially losing access to premium subsidies.

Hospitals optimistic they'll dodge bullet with health subsidy ruling

Published March 05, 2015 - 1:14pm CST

(Reuters) — U.S. hospital executives said on Wednesday they were optimistic they will avoid the toughest consequences of a U.S. Supreme Court decision on whether millions of Americans can continue to purchase subsidized health benefits under the Patient Protection and Affordable Care Act.

Health insurers bank on fix if premium subsidies thrown out

By: Bob Herman, Modern Healthcare

Published March 05, 2015 - 9:13am CST

Health insurers are counting on policymakers to craft a workaround to keep federal health premium subsidies flowing to low- and moderate-income Americans if the U.S. Supreme Court rules against the Obama administration.

Supreme Court divided over health care reform challenge

Published March 04, 2015 - 10:32am CST

(Reuters) — The U.S. Supreme Court appeared divided on ideological lines on Wednesday as it heard a second major challenge to President Barack Obama's health care law targeting tax subsidies intended to help people afford insurance.

States consider workers compensation reform

By: Sheena Harrison

Published March 01, 2015 - 6:00am CST

Illinois and Wisconsin are expected to lead the way in state legislation proposed in 2015 to reduce workers compensation system costs, though sweeping comp reforms are not expected in most states this year.

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