November 14, 1998 |
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.
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.
October 27, 2011 |
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.
September 1, 2013 |
On the day the Philadelphia teachers' contract expires, the school district and union negotiators were expected to return to the bargaining table Saturday to continue tense negotiations that both sides say have shown little progress. "We're still very far apart," Deborah Willig, a union lawyer said after 13 hours of bargaining were wrapping up Friday night. "Every proposal the district has made is to take something away. " The financially struggling district is seeking $103 million in concessions from the union, which represents 15,000 teachers, secretaries, counselors, nurses, and aides.
August 30, 2013 |
The leadership of the Philadelphia teachers union has proposed a one-year salary freeze and changes in health insurance coverage for its members to help the school district save millions and avert a financial crisis. But the union is adamantly against any wage cuts, said Jerry Jordan, president of the Philadelphia Federation of Teachers. Jordan declined to say how much the district could save or whether it would be anywhere near the $103 million in concessions the district is demanding.
January 29, 1993 |
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.
September 27, 2011 |
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.
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.
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.