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Health Insurance

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BUSINESS
November 14, 1998 | By Bob Fernandez, INQUIRER STAFF WRITER
Provident American Corp., which is developing an Internet site to sell health insurance, has agreed to sell its traditional agent-based insurance business to an Ohio company for $15 million. Central Reserve Life Insurance Co., an acquisition-minded firm in Strongsville, a suburb of Cleveland, is buying Provident American Life and Health Insurance. The Provident American Corp. subsidiary includes 27,000 agents nationwide and about 60 employees at the head office in Norristown, Peter Nauert, Central Reserve's chief executive, said yesterday.
BUSINESS
October 8, 2012
This is the first of Joel L. Naroff's monthly columns for The Inquirer's Sunday Business section. Obamacare! Nothing gets the blood boiling more than a discussion about this law. Is this a business and health-care system killer, or a medical-sector lifeline? While the political sound bites are strident and conflicting, economic logic makes it clear: A major health-insurance overhaul is needed, and how it is done will have huge implications for the region's economy. Once upon a time, health insurance was a popular, affordable benefit used by firms to attract and retain high-quality employees.
NEWS
October 22, 2014 | By Harold Brubaker, Inquirer Staff Writer
A U.S. bankruptcy judge's decision last week to allow the Trump Taj Mahal Casino in Atlantic City to jettison a traditional defined-benefit pension and company-sponsored health insurance could spell the end of historically solid benefits for low-paid casino workers. Unite Here Local 54, the union targeted by Trump Entertainment Inc., Taj Mahal's parent company, said every worker in Atlantic City is under siege by billionaire investor Carl Icahn, who controls Trump Entertainment through the roughly $290 million of debt he holds.
NEWS
October 27, 2011 | By Geoff Mulvihill, Associated Press
A state court judge has ruled against Gov. Christie's administration for a second time in a lawsuit over whether the state can increase judges' health insurance and pension contributions. Mercer County Superior Court Judge Linda Feinberg ruled Wednesday that New Jersey cannot increase judges' contributions while the case proceeds. Last week, Feinberg sided with Hudson County Superior Court Judge Paul DePascale, who sued the state over its pension and benefits overhaul. DePascale argued that the increases would diminish his salary.
NEWS
August 30, 2014 | By Amy Worden, Inquirer Harrisburg Bureau
HARRISBURG - Ending a yearlong negotiation, the Obama administration on Thursday approved Gov. Corbett's alternative Medicaid expansion proposal, a step that could extend health-care benefits to roughly 600,000 uninsured Pennsylvanians. In what was described as a five-year demonstration project, Pennsylvania got the go-ahead to use federal money to pay private insurers to provide health care to uninsured individuals - many in low-wage jobs. The Obama administration praised Pennsylvania for joining other states that opted into the program under the Affordable Care Act. Corbett administration officials called the agreement a successful compromise.
BUSINESS
January 29, 1993 | Daily News Wire Services
State insurance regulators yesterday warned consumers and businesses who have purchased health insurance coverage from Atlantic Healthcare and United Healthcare Benefits Trust that they should find replacement coverage from licensed companies. Both Atlantic and United are unlicensed insurance companies that have operated illegally in the Philadelphia, Reading and Allentown areas, Acting Insurance Commissioner Cynthia M. Maleski said in a statement. The Insurance Department has received complaints that United Healthcare Benefits was not paying claims and had refused to answer customer inquiries.
NEWS
September 27, 2011 | By Jane M. Von Bergen, INQUIRER STAFF WRITER
The cost of health insurance skyrocketed in 2011 after several years of relatively small increases. Prices rose 9 percent for family coverage, with the average family premium reaching $15,073 and employees picking up $4,129 of that cost. Last year, family premium prices rose three percent. "This year's nine percent increase in premiums is especially painful for workers and employers struggling through a weak recovery," said Drew Altman, president of the Henry J. Kaiser Family Foundation in California, in a statement.
NEWS
November 19, 1992
Ever since Rep. Allen G. Kukovich proposed a plan for state-subsidized health insurance for poor children, it's been obvious that this is the right thing - and the smart thing - to do. It's right because thousands of Pennsylvania children do without basic preventive health care. Their parents earn too much to qualify for Medicare, yet lack job-related health insurance coverage for their families. It's smart because accessible, basic health care means healthier children. Too many kids today have to get seriously ill before desperate parents seek high-priced emergency room care.
BUSINESS
May 19, 2008
The exterior of the Corporate Synergies Group Inc. building in Mount Laurel could not be more nondescript: vanilla office park, random trees. But inside the health-insurance brokerage, it's different. It's obvious that chief executive Eric Raymond, 51, of Bala Cynwyd, had to own his own business. Otherwise, he'd have no place to display dozens of travel photographs, especially of South American monkeys. (Beats the standard hallway gallery of business patriarchs every time.
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NEWS
October 29, 2014 | BY JULIE SHAW, Daily News Staff Writer shawj@phillynews.com, 215-854-2592
RECOGNIZING the needs of Chinese and other Asian-American communities in Philadelphia, Lt. Gov. Jim Cawley yesterday announced a significant state grant to help build the Eastern Tower Community Center, a long-awaited project just north of Chinatown. Standing at a podium at the 10th Street Plaza, a renovated concrete park hugged by rumbling traffic at 10th and Vine streets, Cawley told Chinatown community leaders, local and state politicians and others sitting in folding chairs that the state will provide a $3.7 million Economic Growth Initiative grant toward the project.
NEWS
October 25, 2014 | By Chris Hepp, Inquirer Staff Writer
Looking to better manage health-care costs, the Nutter administration is taking two big swings at tobacco. Come Jan. 1, Philadelphia will add a $500 annual premium to benefits costs for nonunion employees who use tobacco products, and a $15 surcharge for prescriptions filled at pharmacies that sell tobacco products. The charge on prescription co-pays is part of a plan being launched by the city in partnership with CVS Caremark, a pharmacy benefits provider owned by the parent company of CVS drug stores.
NEWS
October 23, 2014 | BY ADAM SCHICKEDANZ & NEAL HALFON
PARENTHOOD should be affordable in this country, but the cost of raising a child from birth to adulthood is now a quarter of a million dollars and projected to double by the time today's toddlers reach their teens. Will having kids soon be out of reach economically for many American families? A recent report from the Center for American Progress found that middle-class families are feeling an unprecedented economic squeeze - caught between stagnating wages and the exploding cost of basics like housing, health care and children's education.
NEWS
October 22, 2014 | By Harold Brubaker, Inquirer Staff Writer
A U.S. bankruptcy judge's decision last week to allow the Trump Taj Mahal Casino in Atlantic City to jettison a traditional defined-benefit pension and company-sponsored health insurance could spell the end of historically solid benefits for low-paid casino workers. Unite Here Local 54, the union targeted by Trump Entertainment Inc., Taj Mahal's parent company, said every worker in Atlantic City is under siege by billionaire investor Carl Icahn, who controls Trump Entertainment through the roughly $290 million of debt he holds.
NEWS
October 19, 2014 | By Jane M. Von Bergen, Inquirer Staff Writer
A federal bankruptcy judge on Friday allowed the owners of Atlantic City's bankrupt Trump Taj Mahal Casino Resort to void its contract with its 1,100 union workers. Whether the $15 million in savings will be enough to keep the doors of the troubled casino open is nowhere near a sure bet. In a decision delivered in a Delaware courtroom, Judge Kevin Gross granted a request by the casino's owners, Trump Entertainment Resorts, to end the contract, cutting health and pension benefits.
NEWS
October 19, 2014 | By Kristen A. Graham, Inquirer Staff Writer
Striking back against a move to cancel its contract, the Philadelphia Federation of Teachers on Friday challenged the School Reform Commission on several fronts. The teachers' union asked for an injunction to halt planned changes to its members' health-care plans. It filed bad-faith bargaining charges against the SRC with the state Labor Relations Board. And it asserted that a key ruling - now scheduled to be made in Commonwealth Court - on whether the SRC has the power to cancel the labor contract should be decided in a lower court or through arbitration.
NEWS
October 19, 2014 | By Robert Calandra, For The Inquirer
Deborah Fasoline quit smoking. The 57-year-old Bensalem truck driver had tried twice before to stop but failed. This time was different. This time she squashed her lifelong habit like a spent cigarette butt under foot. Fasoline says she has gone seven straight months without lighting up. That's one month more than the Affordable Care Act demands to expunge the up-to-50 percent tobacco surcharge on smokers' monthly premiums. So you can understand why Fasoline can't wait for the marketplace to reopen next month.
NEWS
October 17, 2014 | BY JOSEPHUS WEEKS
ON FRIDAY, Sept. 25, 2014, my uncle Thomas Eric Duncan went to Texas Health Presbyterian Hospital Dallas. He had a high fever and stomach pains. He told the nurse he recently had been in Liberia. But he was a man of color with no health insurance and no means to pay for treatment, so within hours he was released with some antibiotics and Tylenol. Two days later, he returned to the hospital in an ambulance. Two days after that, he was finally diagnosed with Ebola. Eight days later, he died alone in a hospital room.
BUSINESS
October 5, 2014 | By Harold Brubaker, Inquirer Staff Writer
In a blow to Trump Entertainment Resorts Inc.'s proposed reorganization plan, a bankruptcy judge in Wilmington on Friday denied a motion by the owner of Trump Taj Mahal Casino in Atlantic City to immediately withdraw from a union pension plan. The proposal to cap its obligations under the defined-benefit pension plan is part of a broader effort to modify Trump Entertainment's contract with Unite Here Local 54. A hearing on the motion to reject the entire collective bargaining agreement, or CBA, including the pension plan and company-sponsored health insurance, is scheduled for Oct. 14. "The court does not have authority to reject a portion of a CBA," U.S. Bankruptcy Judge Kevin Gross said in a teleconference, according to a Bloomberg News report.
NEWS
October 5, 2014 | Robert Calandra, For The Inquirer
Scott R. Hafetz is a glass-half-full kind of guy. So last fall, when the launch of the Affordable Care Act website had his health insurance broker colleagues fretting about their future - OK, panicking - Hafetz figured things would somehow work out. He was right. "I figured there would be a place for us," says Hafetz, an independent health insurance broker and owner of Hafetz & Associates in Linwood, N.J. A year ago, health insurance brokers and agents were looking like an endangered species.
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