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BUSINESS
December 16, 2015
Vanguard Group looks set to add more than $200 billion in new assets during 2015 for a second straight year, taking the total to $3.5 trillion. It could be a bit more. But the Malvern mutual-fund giant is minimizing the value of one asset in every Vanguard fund's portfolio: shares of Vanguard Group Inc., the company that manages Vanguard's funds. Every Vanguard fund (and, through the funds, every Vanguard shareholder) owns a piece of Vanguard Group. How much is Vanguard worth?
BUSINESS
December 13, 2015 | By Chris Mondics, Inquirer Staff Writer
An anti-abortion group with no religious affiliation cannot claim an exemption from the Affordable Care Act requirement that employers provide employee health insurance covering contraception, a federal judge has ruled in Harrisburg. U.S. District Judge John E. Jones III found that Real Alternatives, a pregnancy and parenting counseling agency that advises women to carry pregnancies to full term and avoid abortions, has no right to an exemption from the ACA requirement, because it cites only moral objections to it and provides no religious basis for its position.
BUSINESS
November 27, 2015 | By Harold Brubaker, Inquirer Staff Writer
MANNA, a nonprofit founded in 1990 to provide meals to those with HIV/AIDS, has been serving people with other illnesses for nearly a decade. But to do so, it had to depend on philanthropy - until this year, when MANNA struck a deal with Health Partners Plans Inc. to provide meals to diabetics who are members of Health Partners' Medicaid program. For MANNA, it's a big deal, the first time it has tapped insurance dollars. "Nobody had ever figured out how to pay for this service," said Susan Daugherty, a registered dietitian and chief executive of MANNA (Metropolitan Area Neighborhood Nutrition Alliance)
NEWS
November 16, 2015 | By Mauree Miller, For The Inquirer
Whether you are insured through your employer, the Obamacare marketplace, or Medicare, choosing the right plan is only the start of being a wise health-care consumer. It's now open-enrollment season for the marketplace, Medicare, and most employer plans, so you may be seeing a lot of advertising on the subject. Here are 10 tips to help you get started selecting a plan and then getting the most out of it: Read your options carefully. Even if you are choosing the same plan you had for 2015, there could be changes to it for 2016.
NEWS
October 6, 2015 | By Andrew Seidman, Inquirer Trenton Bureau
TRENTON - New Jersey's largest health insurer on Monday defended a new alliance it has struck with some of the state's hospital systems that's intended to lower costs for consumers, even as lawmakers questioned the criteria it used to choose its partners. Horizon Blue Cross Blue Shield of New Jersey last month announced it had formed the Omnia Health Alliance with six of the state's 20 hospital systems and a physicians group. The only South Jersey hospital system included in the alliance is Inspira.
BUSINESS
September 25, 2015 | By Harold Brubaker, Inquirer Staff Writer
Horizon Blue Cross Blue Shield of New Jersey stirred things up this month when it announced the formation of Omnia Health Alliance with just six of the state's 20 health-care systems. It also included a large physicians group, but the only South Jersey system in Omnia is the relatively small Inspira. That left health executives scratching their heads over how Horizon, New Jersey's largest health insurer, made its picks. With the Omnia network, Horizon plans to sell health insurance plans with lower premiums and lower out-of-pocket costs next year if consumers use the Omnia network or an additional eight so-called Tier 1 hospitals and health systems.
NEWS
September 23, 2015 | By Robert Moran, Inquirer Staff Writer
The City of Philadelphia has estimated that it will incur more than $12 million in costs due to the papal visit this coming weekend, and the World Meeting of Families will reimburse the city for those costs. That is according to a contract signed Friday between the city and the nonprofit organization, and made public Monday night by Mayor Nutter's office. The contract is backdated Sept. 10 and states that the nonprofit was to have provided the city with a security deposit of $2.5 million on Sept.
NEWS
September 21, 2015
PET OWNERS will spend nearly $16 billion on veterinary care this year. If you're considering purchasing pet health insurance, here are five things you should know: 1. Some insurers provide discounts to AARP or AAA members, military personnel and multi-pet families. 2. Some employers offer pet insurance as a benefit. 3. Policies are available for birds, reptiles and other exotic pets. 4. Older pets can be insured, usually until they are 12 to 14 years old, but policies may exclude coverage for age-related illnesses.
NEWS
September 18, 2015 | By Don Sapatkin, Inquirer Staff Writer
Nearly nine million more Americans joined the ranks of those with health insurance last year, the U.S. Census reported Wednesday in the most detailed look at coverage since the main provisions of the Affordable Care Act kicked in. In 2014, 33 million Americans - 10.4 percent, a nearly 3-point drop - were uninsured, down from 41.8 million in 2013, according to the bureau. While other reports have shown a similar decline in the number of uninsured Americans - and include enrollment figures for 2015 not included in Wednesday's release - the census data are considered the gold standard.
BUSINESS
August 29, 2015 | By Paul Nussbaum, Inquirer Staff Writer
An insurer of taxicabs in the Philadelphia region has been ordered liquidated by a Washington, D.C., court. Pinelands Insurance Co. Risk Retention Group Inc. is the second taxi insurer in less than a year to fail, following the insolvency of First Keystone Risk Retention Group Inc. last October. In Philadelphia, 94 of the city's 1,600 cabs are insured by Pinelands, and they have been told by the Philadelphia Parking Authority they must replace their insurance by Sept. 4. The District of Columbia Department of Insurance, Securities and Banking was ordered by the court to take over the assets of Pinelands and begin liquidation proceedings.
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