LOUISVILLE, Kentucky is known for bourbon and horse races. Its economy increasingly relies on a less glamorous industry: “lifelong wellness and ageing care”, the term used by local business leaders, or what everyone else calls health care for old people. Health care now accounts for 12 of greater Louisville’s 25 largest employers, including Humana, a huge health insurer, and Kindred Healthcare, which owns nursing homes and other health facilities. More than 18,000 people in greater Louisville work for health companies. That number is likely to grow.
Many executives have long enjoyed perks like free health care and better health benefits for themselves and their families. But under a little noticed anti-discrimination provision in the federal health law, such advantages could soon trigger fines of up to $500,000.
The main beneficiaries of the Affordable Care Act, known more commonly as Obamacare, are working class, uninsured Americans. This legislation will make available to them affordable and comprehensive health insurance policies either through the planned health insurance exchanges or their employer.
At least 19 San Francisco restaurant owners accused of misleading customers by charging diners more in employee health-care surcharges than they actually put aside for workers have settled cases with the city.
Thousands of would-be entrepreneurs are itching to start their own businesses, but many are shackled to their current employer by health-care benefits they don’t think they could otherwise afford. Economists call this phenomenon “job lock,” or “entrepreneurship lock.”
Most young people feel like they have years of good health in the bank. They are, as a group, so unlikely to buy insurance that insurance companies dubbed them the young invincibles and in some cases gave up on trying to enroll them in health care plans.
In 2014, nearly 26 million Americans may be eligible for health insurance subsidies, according to data from Families USA, a national nonprofit focused on affordable health care. For those who may qualify, it’s essential they understand what subsidies they and their family could be entitled to under the Affordable Care Act.
Managers of Covered California — the California Health Benefit Exchange — are trying to control the number of different types of intermediaries that help employers use the state’s health insurance exchange (HIX) system.
Average weekly work hours in the retail sector have fallen in the past 12 months. But this is even as employment in the retail sector posted strong gains in the second half of last year, according to Paul Ashworth at Capital Economics. Typically, the two move in tandem.
More than 80 percent of the nation’s large employers are moving to a “carrot or stick” approach to coax their employees to better health with the number likely to rise thanks to the Affordable Care Act, a new analysis shows.
I’ve been asked what kind of insurance will be available Jan. 1 through California’s health benefit exchange. When enrollment begins Oct. 15, will the choices from Covered California – the new name for the exchange – be the same insurance products offered from familiar names such as Kaiser, Anthem Blue Cross, Blue Shield, Health Net and Aetna? Or will it be some watered-down version?
I spent this morning on C-SPAN’s Washington Journal, taking viewer questions about how the health care law will affect businesses. Over the course of 45 minutes, the same question came up again: Will employers dodge the health law’s requirement that they provide health insurance by switching to part-time employees?
WASHINGTON — Within the next 12 months, consumers could get a quick check-up at the pharmacy, text glucose levels to a doctor through a smart-phone app or earn bonuses for treadmill time from their employer–all as the nation grapples with growing health care costs.