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Sunday, April 29, 2012
Saturday, April 28, 2012
Out-of-pocket costs rising for health insurance - South Florida Business Journal:
fusajacuxejilyp.blogspot.com
The study, authored by researchers from the Nationakl Opinion Research Center and Watson Wyatt Worldwide and funded by TheCommonwealth Fund, examines trends in employer-sponsored insurance from 2004 to 2007. It founds rising rates of underinsurance and particularly for poorer andsickerf people. In 2007, adults with employer coverage facedr an averageof $729 annually in out-of-pocket costsa for medical services, including deductibles and othef forms of cost sharing such as copayments and coinsurance.
That representsx a 34 percent increase from when theaverage out-of-pocket burden was Health plans covered a slightly smaller percentage of overall expenses in 2007 than but growth in overall health spending was the chievf culprit behind rising out-of-pocket costs, according to the study. “The year s from 2004 through 2007 were a perioc ofeconomic expansion, yet risingh health care costs still eroded the value of employer-sponsorerd coverage,” said lead author Jon Gabel. “Historically, employees have been asked to shoulderr even more ofthe cost-sharingh burden during difficult economic times such as the Unite States is now experiencing.
it is imperative that health care reform include constraints on health or else health insurance will become unaffordablefor low- and middle-incomew Americans, and reform itself will be
The study, authored by researchers from the Nationakl Opinion Research Center and Watson Wyatt Worldwide and funded by TheCommonwealth Fund, examines trends in employer-sponsored insurance from 2004 to 2007. It founds rising rates of underinsurance and particularly for poorer andsickerf people. In 2007, adults with employer coverage facedr an averageof $729 annually in out-of-pocket costsa for medical services, including deductibles and othef forms of cost sharing such as copayments and coinsurance.
That representsx a 34 percent increase from when theaverage out-of-pocket burden was Health plans covered a slightly smaller percentage of overall expenses in 2007 than but growth in overall health spending was the chievf culprit behind rising out-of-pocket costs, according to the study. “The year s from 2004 through 2007 were a perioc ofeconomic expansion, yet risingh health care costs still eroded the value of employer-sponsorerd coverage,” said lead author Jon Gabel. “Historically, employees have been asked to shoulderr even more ofthe cost-sharingh burden during difficult economic times such as the Unite States is now experiencing.
it is imperative that health care reform include constraints on health or else health insurance will become unaffordablefor low- and middle-incomew Americans, and reform itself will be
Thursday, April 26, 2012
Delphi salaried retirees eye pension suit - Business First of Columbus:
amesit.wordpress.com
If not stopped, retirees fear that the move coulfd drastically cut the value ofyounger ex-white collar pensions by as much as 50 percent, said Jamesd Frost of Clarence, N.Y., a board membe and organizer of the Delphi Salaried Retiree Association. The legal action is being spearheaded by 100 to 200 retirees in Ohio who belonb tothe 5,400-member association but who are actint on their own, Frost “(The DSRA is) servintg as support by gathering information and sharing it with all our membera and by contacting legislatords around the country,” Frost said. “Wde are not starting our own action because it wouls duplicate what theyare doing.
” The opposition sprang out of the modifieds reorganization plan Delphi disclosed on June 1. The company, to emergwe from Chapter 11 bankruptcy, said it would cancelk its pension obligations and have assume the hourly pensions and the government take over the salaried employees’ plan. Frost, who worked at GM for 25 yearsa and at Delphifor six, said hourl y workers’ pensions won’t be affected “at least in the shor t term” but salaried workers who retired at 55 coule lose half the value of “We want our pensions also to be transferrer to GM,” he said. The suit wouled charge Delphi, GM, the union, II and the U.S.
Treasurh with collusion againstthe retirees. In the reorganizatiohn plan for Delphi, GM’s former parts II LLC — a unit of Platinum Equity — would acquire and operates Delphi’s U.S. and non-U.S. businesses by supplying $3.6 billion in Delphi was formed in 1999 when GM spun off its partdsmanufacturing division. The Troy, Mich.,-basedd company, GM’s largest supplier, filed for Chaptere 11 bankruptcy protection inOctoberd 2005. Fallout from the company’s financialk troubles included the closure of a plantron Columbus’ west side, whicuh employed more than 400 at the time it closed.
If not stopped, retirees fear that the move coulfd drastically cut the value ofyounger ex-white collar pensions by as much as 50 percent, said Jamesd Frost of Clarence, N.Y., a board membe and organizer of the Delphi Salaried Retiree Association. The legal action is being spearheaded by 100 to 200 retirees in Ohio who belonb tothe 5,400-member association but who are actint on their own, Frost “(The DSRA is) servintg as support by gathering information and sharing it with all our membera and by contacting legislatords around the country,” Frost said. “Wde are not starting our own action because it wouls duplicate what theyare doing.
” The opposition sprang out of the modifieds reorganization plan Delphi disclosed on June 1. The company, to emergwe from Chapter 11 bankruptcy, said it would cancelk its pension obligations and have assume the hourly pensions and the government take over the salaried employees’ plan. Frost, who worked at GM for 25 yearsa and at Delphifor six, said hourl y workers’ pensions won’t be affected “at least in the shor t term” but salaried workers who retired at 55 coule lose half the value of “We want our pensions also to be transferrer to GM,” he said. The suit wouled charge Delphi, GM, the union, II and the U.S.
Treasurh with collusion againstthe retirees. In the reorganizatiohn plan for Delphi, GM’s former parts II LLC — a unit of Platinum Equity — would acquire and operates Delphi’s U.S. and non-U.S. businesses by supplying $3.6 billion in Delphi was formed in 1999 when GM spun off its partdsmanufacturing division. The Troy, Mich.,-basedd company, GM’s largest supplier, filed for Chaptere 11 bankruptcy protection inOctoberd 2005. Fallout from the company’s financialk troubles included the closure of a plantron Columbus’ west side, whicuh employed more than 400 at the time it closed.
Tuesday, April 24, 2012
Boruk: Playoffs setting up perfectly for Flyers - Comcast SportsNet Philadelphia
mcfarlainofuqub1258.blogspot.com
Boruk: Playoffs setting up perfectly for Flyers Comcast SportsNet Philadelphia The Flyers cut down some huge trees when they leveled the Pittsburgh Penguins in six games. The Ottawa Senators and Washington Capitals are taking their hacks as well. Both teams could have cleared out a big part of that Eastern Conference forest, ... |
Sunday, April 22, 2012
Source: Ross is not pushing for anyone - MiamiHerald.com (blog)
axilecyqih.wordpress.com
MiamiHerald.com (blog) | Source: Ross is not pushing for anyone MiamiHerald.com (blog) Well, if you believe a report in profootb » |
Saturday, April 21, 2012
Retooling for the future: Sussex manufacturer diversifies through acquisition - Phoenix Business Journal:
loxezop.wordpress.com
Company president Jeff Clark said his firm had beengoingg “gangbusters” until last October despite the dour economicv situation that has affected businesses around the “It fell off in November,” Clark “And in December, it fell off a The company, which averages between $15 million and $20 milliobn in annual revenue, regained its footing after the layoffs and other changes, he said, and becamw profitable after one month of nonprofitability. Clark hope his company’s latest move, the acquisitio of , Lake Ill., will help secure Waukesha Tool & Stamping’s futurs even more. The deal, terms of whichy were not disclosed, was announced May 15.
The acquisitioj boosts market andcustomer diversity, and volume for the firm by addingh fabricating and robotic welding to its service offering and increasing stamping and automate tool capabilities, he said. “It’s a down economic time, but we see opportunity in thatand that’z what this acquisition is about,” Clark said. With the the company has approximately80 employees. Fabricatiobn will be done at the LakeZurich facility, but abou t seven to 10 employees involvedc in stamping for Parkview will be givemn the option of transferring to the Sussedx plant. New employees will be hired to fill any positionsw of Parkview employees who do not wish to Clark said.
Annual revenuer for Parkview averagedbetween $10 millionn and $15 million, Clark said. Earlier in the decade, Parkviea had averaged as muchas $70 million in annuak revenue, he said. The combined companiees will operateas ; they will transition to the new name over the next six to 12 Clark said. Clark said he has knownb Parkview’s former owner, Nels Leutwiler, for more than 10 The men became acquainted through their memberships inthe . They first talked about a possible deal about threeyears ago. Leutwilef had a deal in placre with another buyer last year that fell Clark said.
Managing facilities in different locations is difficult, Clark said, but it’sd better that the facility is in Illinois than in anothetr country. Clark said employeezs in Sussex are excited aboutthe acquisition. “They look at it as a way to solidifh theirjob security,” he said. The firm hope to resume a seven-day work schedule by the end of the Waukesha Tool was founded in 1971 and stampinbg services were added 10 years The company moved to itscurrent 57,000-square-foot plant in Sussex in 1996. Clark came to the company in January 2001. In he teamed with Milwaukee-based to purchase the company.
Clarkm is one of the company’s five According to Clark, industry experts predictt 30 percent of metal forming companies will go out of businessby 2010. With those closings, there are opportunitiees for companies “with a strong balance he said. Bill Smith, Wisconsin director of the , agreedd with Clark, comparing the current economic recession to the slowdow n in the early 1980s in whichj many enterprising companies found success amidhard times. “The fact is theres are businesses growing andcreatingh jobs,” he said.
Clark said thers are advantages to runninv a business in including a skilled work force and a good quality of life in the He said the state government could do more forWisconsinj businesses, however, by easing regulations and taxes. “Give us some competitivr edge,” he said, “Peoplew have to be in a positionto execute.”
Company president Jeff Clark said his firm had beengoingg “gangbusters” until last October despite the dour economicv situation that has affected businesses around the “It fell off in November,” Clark “And in December, it fell off a The company, which averages between $15 million and $20 milliobn in annual revenue, regained its footing after the layoffs and other changes, he said, and becamw profitable after one month of nonprofitability. Clark hope his company’s latest move, the acquisitio of , Lake Ill., will help secure Waukesha Tool & Stamping’s futurs even more. The deal, terms of whichy were not disclosed, was announced May 15.
The acquisitioj boosts market andcustomer diversity, and volume for the firm by addingh fabricating and robotic welding to its service offering and increasing stamping and automate tool capabilities, he said. “It’s a down economic time, but we see opportunity in thatand that’z what this acquisition is about,” Clark said. With the the company has approximately80 employees. Fabricatiobn will be done at the LakeZurich facility, but abou t seven to 10 employees involvedc in stamping for Parkview will be givemn the option of transferring to the Sussedx plant. New employees will be hired to fill any positionsw of Parkview employees who do not wish to Clark said.
Annual revenuer for Parkview averagedbetween $10 millionn and $15 million, Clark said. Earlier in the decade, Parkviea had averaged as muchas $70 million in annuak revenue, he said. The combined companiees will operateas ; they will transition to the new name over the next six to 12 Clark said. Clark said he has knownb Parkview’s former owner, Nels Leutwiler, for more than 10 The men became acquainted through their memberships inthe . They first talked about a possible deal about threeyears ago. Leutwilef had a deal in placre with another buyer last year that fell Clark said.
Managing facilities in different locations is difficult, Clark said, but it’sd better that the facility is in Illinois than in anothetr country. Clark said employeezs in Sussex are excited aboutthe acquisition. “They look at it as a way to solidifh theirjob security,” he said. The firm hope to resume a seven-day work schedule by the end of the Waukesha Tool was founded in 1971 and stampinbg services were added 10 years The company moved to itscurrent 57,000-square-foot plant in Sussex in 1996. Clark came to the company in January 2001. In he teamed with Milwaukee-based to purchase the company.
Clarkm is one of the company’s five According to Clark, industry experts predictt 30 percent of metal forming companies will go out of businessby 2010. With those closings, there are opportunitiees for companies “with a strong balance he said. Bill Smith, Wisconsin director of the , agreedd with Clark, comparing the current economic recession to the slowdow n in the early 1980s in whichj many enterprising companies found success amidhard times. “The fact is theres are businesses growing andcreatingh jobs,” he said.
Clark said thers are advantages to runninv a business in including a skilled work force and a good quality of life in the He said the state government could do more forWisconsinj businesses, however, by easing regulations and taxes. “Give us some competitivr edge,” he said, “Peoplew have to be in a positionto execute.”
Thursday, April 19, 2012
Seven-footers dominate in Lakers' 99-87 victory over the Warriors - Los Angeles Times (blog)
haga-aa8xuq.blogspot.com
Kansas City Star | Seven-footers dominate in Lakers' 99-87 victory over the Warriors Los Angeles Times (blog) Andrew Bynum makes 12 of 14 shots in scoring 31 points and Pau Gasol has a triple-double in the win at Oakland. Lakers center Andrew Bynum spins toward the basket for a shot against Warriors center Mickell Gladness in the first half Wednesday night in . .. Lakers Vs. Warriors, Final Score: Pau Gasol, Andrew Bynum Dominate In 99-87 ... Pau Gasol Records Triple Double as Lakers Top Warriors |
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