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House OKs bill to repeal medical device tax

By: Jerry Geisel

Published June 18, 2015 - 2:39pm CST

The House of Representatives Thursday approved legislation that would repeal a health care reform law provision that imposes a 2.3% federal excise tax on manufacturers of medical devices.

Three more states OK'd to run health insurance exchanges

By: Jerry Geisel

Published June 16, 2015 - 1:41pm CST

The U.S. Department of Health and Human Services has given conditional approval to three states — Arkansas, Delaware and Pennsylvania — to set up public health insurance exchanges.

Obama threatens veto on medical device tax repeal

By: Jerry Geisel

Published June 16, 2015 - 9:39am CST

President Barack Obama will veto legislation that would repeal a health care reform law provision that imposes a 2.3% federal excise tax on manufacturers of medical devices if Congress approves the measure, the White House warned.

IRS to halt issuing certain determination letters for retirement plans

By: Hazel Bradford, Pensions & Investments

Published June 15, 2015 - 9:15am CST

The IRS' plan to stop issuing some determination letters, necessary proof for companies that their retirement plans are tax qualified, puts plan executives into the hot seat.

Illinois comp reform proposal worries employers, insurers

By: Bill Kenealy

Published June 11, 2015 - 10:45am CST

Recently adopted amendments to legislation to revamp Illinois' workers comp standards for causation, what portion insurers must pay and what constitutes a traveling employee are adding to uncertainty about the bill's fate.

Court orders Greece to reverse 2012 pension cuts

Published June 10, 2015 - 2:13pm CST

(Reuters) — A top Greek court ruled Wednesday that the government should reverse cuts to private sector pensions it made in 2012 as a condition of its bailout agreement with the European Union and International Monetary Fund, court officials said.

White House touts the record of health care reform

By: Jerry Geisel

Published June 10, 2015 - 10:51am CST

As a crucial U.S. Supreme Court decision draws nearer, the Obama administration is touting the successes of the health care reform law.

HHS secretary defends health reform law ahead of high court decision

Published June 10, 2015 - 9:26am CST

(Reuters) — HHS Secretary Sylvia Burwell on Wednesday defended President Barack Obama's health care law to congressional critics ahead of a Supreme Court decision expected later this month that could cripple the program.

Chris Christie gets boost from court decision on N.J. pension

Published June 09, 2015 - 11:48am CST

(Reuters) — New Jersey's highest court on Tuesday cleared the way for Gov. Chris Christie to cut $1.57 billion from state pension funding, bolstering the Republican's presidential hopes but still leaving the state with fiscal struggles ahead.

House bill would renew premium health insurance subsidy for unemployed

By: Jerry Geisel

Published June 07, 2015 - 6:00am CST

Hundreds of thousands of employees who lost their jobs to foreign competition or worked for companies whose pension plans failed once again would be eligible for federal health insurance premium subsidies under legislation headed for a vote this month by the House of Representatives.

Gap health insurance market explodes despite health reform

Published June 03, 2015 - 2:39pm CST

(Reuters) — Despite the promise of coverage through the health care reform law, the number of people applying for noncompliant short-term health insurance policies was up more than 100% in 2014.

Billions in health care subsidies hang on Supreme Court decision

By: Jerry Geisel

Published June 03, 2015 - 10:25am CST

A new Kaiser Family Foundation analysis reveals how much is at stake in a health insurance law premium subsidy case now awaiting a U.S. Supreme Court decision.

PBGC insuring fewer single-employer pension plans

By: Jerry Geisel

Published June 02, 2015 - 4:55pm CST

The number of single-employer pension plans insured by the Pension Benefit Guaranty Corp. continues to tumble.

House committee OKs bill to repeal medical device tax

By: Jerry Geisel

Published June 02, 2015 - 1:16pm CST

Legislation approved Tuesday by the House Ways and Means Committee would repeal a health care reform law provision that imposes a 2.3% federal excise tax on manufacturers of medical devices.

Bill to reduce Chicago pension contributions goes to Illinois governor

By: Meaghan Kilroy, Pensions & Investments

Published June 02, 2015 - 8:47am CST

A bill that reduces Chicago's pension contributions to its police and fire retirement systems in the near term passed the Illinois General Assembly.

New Medicare data shows what hospitals and physicians were paid

By: Bob Herman, Modern Healthcare

Published June 01, 2015 - 10:13am CST

The CMS released three new sets of data Monday that detail how much hospitals billed and received for inpatient and outpatient services and how much Medicare paid physicians in 2013.

Judge's comments signal another legal nightmare for health reform law

By: Harris Meyer, Modern Healthcare

Published June 01, 2015 - 10:04am CST

It looks like the Obama administration may have another big legal headache in defending the Affordable Care Act.

Major deficiencies shown in 39% of benefit plan audits

By: Hazel Bradford, Pensions & Investments

Published May 29, 2015 - 9:12am CST

Some accountants auditing employee benefit plans have a quality problem, said a study published Thursday by the U.S. Department of Labor’s Employee Benefits Security Administration.

Massachusetts comp bill would assist lowest-paid workers

By: Stephanie Goldberg

Published May 27, 2015 - 1:55pm CST

A Massachusetts bill that would improve access to medical care and increase benefits for injured workers in the state has been heard by the state's Joint Committee on Labor and Workforce Development.

Nevada Assembly OKs retirement benefit changes

By: Rob Kozlowski, Pensions & Investments

Published May 27, 2015 - 10:52am CST

The Nevada State Assembly passed a bill that would make changes to retirement ages and cost-of-living adjustments for certain participants in the $34.8 billion Nevada Public Employees’ Retirement System, Carson City.

Air Canada to redeploy capital as pension funding gap evaporates

Published May 27, 2015 - 9:20am CST

(Reuters) — Air Canada on Tuesday said it plans to redeploy capital toward share buybacks, debt repayment and increased investment in new aircraft, as its once-huge pension fund deficit has now been wiped out much earlier than expected.

Congress could revive Health Coverage Tax Credit

By: Jerry Geisel

Published May 27, 2015 - 9:17am CST

Lawmakers are moving to renew a tax break that provided federal health insurance premium subsidies to workers who lost their jobs due to foreign competition or were enrolled in pension plans that failed.

Illinois governor pushes workers comp reform

By: Stephanie Goldberg

Published May 26, 2015 - 2:19pm CST

Workers compensation reform bills to advance Illinois Gov. Bruce Rauner's fiscal turnaround plan for the state have been filed in the state House of Representatives and Senate.

Health Coverage Tax Credit could be revived

By: Jerry Geisel

Published May 26, 2015 - 12:14pm CST

Employees who lose their jobs due to foreign competition, as well as retirees in failed pension plans, again would be eligible for generous federal health insurance premium subsidies under legislation approved by the U.S. Senate.

Firefighters' pension contribution hike dies in Texas Assembly

By: Meaghan Kilroy, Pensions & Investments

Published May 22, 2015 - 1:33pm CST

A bill to increase Houston firefighters' pension contributions and save the city more than $70 million in pension payments over the next three years fell apart after failing to reach a full vote of the Texas General Assembly before the legislative session ended.

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