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Most of the nation's leading health insurers posted higher revenues and sizable profits during the first half of 2010 despite commercial enrollment declines due to the weak economy. Read more: |
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BURLINGTON, Vt.—Employers have to meet regulatory requirements before they can use their captive insurance companies to fund employee benefit risks, experts say. Read more: |
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Although a federal appeals court recently overturned a District of Columbia law that gave pharmacy benefit managers fiduciary status, lawmakers in more than a dozen states have passed some form of legislation regulating PBMs. Read more: |
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BURLINGTON, Vt. Read more: |
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Experts say the number of cost-conscious companies considering mail-order programs for prescription drugs is growing, but experts also say the approach is not always the cheapest option. Read more: |
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WASHINGTON (Bloomberg)—Kenneth Feinberg, administrator of the Gulf Coast Claims Facility, said he intends to issue emergency payment checks to individuals within 24 hours of an application for losses tied to the BP P.L.C. oil spill. Read more: |
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ITHACA, N.Y.—Cornell University says it will extend health care coverage on Sept. 1 to all adult children up to age 26 of employees enrolled in its self-funded health care plan, four months before the new health care reform law requires it do so. Read more: |
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LONDON (Bloomberg)—BP P.L.C. fired back at Transocean Ltd. in a dispute over the withholding of information about possible causes of the Gulf oil spill. Read more: |
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SAN JOSE, Calif.—American Medical Assn. Guides are not absolute and doctors may apply “clinical judgment” to rate the percentage of permanent disability loss suffered by injured workers, a California appellate court has ruled. Read more: |
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WASHINGTON (Reuters)—The federal government's $700 billion bailout of the financial system still may be politically toxic, but there is some good news for those who voted for the program: The taxpayer bill continues to drop. Read more: |
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NEW YORK (Reuters)—Those seeking a settlement from the BP P.L.C. $20 billion compensation fund may have to waive their rights to sue all major defendants involved with the Gulf of Mexico oil spill, not just BP, the New York Times reported on Friday. Read more: |
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Potential damage from wind, storm surge and inland flooding in Caribbean countries could increase economic losses to between 2% to 9% of gross domestic product by 2030, according to preliminary results of a study published by the Caribbean Catastrophe... Read more: |
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DETROIT—Funding of General Motors Co.’s pension plans has improved slightly since the end of last year, but its unfunded pension liabilities remain massive, according to a Wednesday filing with the U.S. Securities & Exchange Commission. Read more: |
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COLUMBUS, Ohio—Even through a hospital worker was fired due to sexual harassment allegations, he is not barred from collecting workers compensation benefits, an Ohio appeals court ruled. Read more: |
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ALBANY, N.Y. (Bloomberg)—New York Attorney General Andrew Cuomo subpoenaed American International Group Inc. as part of a fraud investigation focusing on life insurers' retention of death benefits, said two people briefed on the demands. Read more: |
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WASHINGTON (Bloomberg)—U.S. workplace deaths fell 17% in 2009 to a record low on a decline in construction fatalities, as unemployment surged to the highest level in a quarter century, the Bureau of Labor Statistics said Thursday. Read more: |
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The percentage of laid-off employees that opted for COBRA coverage after the government offered a premium subsidy for the health care coverage was double the percentage that opted in during five months prior to the subsidy, according to a study. Read more: |
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SYDNEY (Reuters)—QBE Insurance Group Ltd. Read more: |
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WASHINGTON (Reuters)—The U.S. Read more: |
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NEW YORK (Bloomberg)—Insurer American International Group Inc., majority-owned by the U.S. government, may sell bonds for the first time since it was rescued almost two years ago to help repay a $182.3 billion bailout. Read more: |
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VANCOUVER (Reuters)—Canada has no need for a moratorium on offshore drilling in the wake of the Gulf of Mexico spill, but it should consider raising its liability cap, according to a Senate report released Wednesday. Read more: |
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