Blue Cross to scrap policy with low employer contribution
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In an about-face, Blue Cross and Blue Shield of Massachusetts said it is scrapping a new policy that would have allowed owners of small businesses to contribute just one-third of the cost of their employees' health plan premiums.
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The California Public Employees' Retirement System said on Tuesday it will invest $700 million to help drive down the price of health-care coverage.
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The Blue Bell, Pa.-based company said it will close some of its facilities and reduce its employee head count.
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DuPont Co.  on Monday said it  will sharply cut its pension plan for U.S. employees, reducing  the amount it will contribute to workers' pensions after 2007  by two-thirds.
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Changes to the way hospitals are paid  are being scaled back amid concerns over "financial volatility".
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Blue Cross and Blue Shield of Massachusetts is scaling back its contract with Magellan Health Services, the national for-profit company that oversees mental health treatment for 1.1 million of the insurer's members.
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Pension plans may have lower investment gains when they use consultants who have undisclosed conflicts of interest, according to a new report.
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Small-business owners got some good news Monday when the State Compensation Insurance Fund said it would reduce its basic workers&#39; compensation premium by an average of 5 percent in January.
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Wal-Mart Stores Inc. is scaling back the health-care plans available to new employees, sparking fresh criticism over whether the giant retailer is providing adequate coverage to its workers.
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Despite impassioned testimony from healthcare advocates and union officials for a higher threshold, the Romney administration yesterday finalized rules that allow businesses to avoid a $295 per employee fee by making relatively modest contributions to their employees' healthcare.
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Cardinal Health Inc. will cut 4,200 jobs, or 7 percent of its work force, as part of a three-year restructuring plan outlined Monday by the Central Ohio health-care products and services provider.
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For the next four weeks, federal employees and retirees will select their health insurance coverage for 2007. Many will escape the sticker shock of past years, as federal officials say 63 percent of enrollees in the federal employee health insurance program will see no increase in their premiums...
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LAWRENCEVILLE, NJ -- An insurance company facing a lawsuit by the Medical Society of New Jersey agreed Thursday to temporarily halt its efforts to recoup $15 million in alleged overpayments to doctors.
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Merrill Lynch &amp; Co., the world's biggest brokerage, cut the number of sick days employees can take without consequences each year to three from 40 so it can reduce the cost of absences.
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The increasing cost of health insurance is putting coverage out of reach for many small to midsize companies and their workers, even though the rise in premiums this year was the lowest increase in eight years.
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Governor Deval Patrick yesterday unveiled significantly lower prices for the health insurance plans that uninsured residents will be required to buy starting July 1.
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A US District Court Judge ruled last year that Big Blue had violated age-discrimination laws by amending its pension plan in a way that would make older employees accrue retirement benefits at a lower rate than younger workers.