WASHINGTON, Feb 28- President Barack Obama's ban on discriminatory health insurance practices against the sick has not stopped insurers from increasing up-front charges for the expensive drugs needed to control chronic illnesses from leukemia to multiple sclerosis.» Read More
WASHINGTON, Oct 1- Up to one million federal workers were thrown temporarily out of work on Tuesday as the U.S. government partially shut down for the first time in 17 years in a standoff between President Barack Obama and congressional Republicans over healthcare reforms.
*Vallejo struggling to pay pension costs. Vallejo's plight, so soon after bankruptcy, is an object lesson for three U.S. cities going through that process today- Detroit, Stockton and San Bernardino, California- because it shows the importance of dealing with pension obligations as part of a financial restructuring, experts say.
The agency has blamed the payments, more than $5 billion a year as mandated by Congress to prefund the Postal Service's future retirees' healthcare, for contributing to annual losses of billions of dollars. Last year, the mandate accounted for a large portion of the Postal Service's $16 billion net loss.
NEW YORK, Sept 30- Nobody wants their health benefits cut, but a funny thing happens when U.S. consumers shop for plans on their own: They buy less coverage than they had before. That "buying low" behavior observed in data collected by consulting companies like Aon Hewitt and Liazon Corp may soon happen much more often.
PNC found the five most serious threats to your retirement. CNBC's Sue Herera breaks it down.
CNBC's Seema Mody reports BlackBerry CEO Thorsten Heins could rake in $55 million if the company is sold or his job is terminated; and Brian Colello of Morningstar, thinks the company wanted to offer a pay package to avoid another CEO shift.
DETROIT, Sept 26- Detroit's emergency manager proposed freezing pension benefits for some current city workers starting in 2014 and will launch a two-month probe into the city's dysfunctional and error-prone handling of employee benefits.
Some workers at Gerawan Farming have submitted signatures to decertify the union there. CNBC's Jane Wells reports on the details of the labor fight.
DETROIT, Sept 23- General Motors Co said on Monday it would buy back just under half of its preferred shares held by the United Auto Workers health care trust for about $3.2 billion. To finance the purchase of 120 million of the Series A preferred stock from the UAW Retiree Medical Benefits Trust at $27 a share, GM said it would raise funds with a debt offering.
DETROIT, Sept 23- General Motors Co said on Monday it had reached a deal to buy back 120 million of its preferred shares from the United Auto Workers health care trust for about $3.2 billion.
Google is offering its employees meditation and mindfulness courses, hoping to increase innovation. Former software engineer at Google, Chade-Meng Tan describes his courses and how employees are benefiting. Kenny Polcari of O'Neil Securities is guided in meditation.
Sept 19- Home Depot Inc is shifting medical coverage for part-time workers to new public marketplace exchanges ahead of new benefits requirements under the U.S. Home Depot's change would affect roughly 20,000 part-time workers who previously had chosen the limited liability medical plan the company offered, spokesman Stephen Holmes said.
The SEC voted in favor of a CEO pay ratio rule, which could force companies to share how their executive's pay compares to their rank and file employees. Former SEC Chairman Harvey L. Pitt, weighs in.
CNBC's Kayla Tausche, Kelly Evans and Dominic Chu discuss a Wells Fargo study that says more than half of millennials lack confidence in the stock market.
Walgreen is shifting employees to private health care exchanges. CNBC's Bertha Coombs reports the company will give 120,000 employees cash and asking them to choose from insurance plans offered on the Aon Hewitt private benefit exchange.
NEW YORK, Sept 18- Walgreen Co, the largest U.S. drugstore, is moving 120,000 employees to a private health insurance exchange where they can choose a plan from multiple insurers, a sign of the shifting landscape for corporate healthcare because of rising costs.
NEW YORK, Sept 18- Walgreen Co is moving 120,000 employees to a private health insurance exchange from coverage provided directly from carriers, the company will announce Wednesday. The benefit to Walgreen and other employers is unknown at this point, as their cost-savings are not clear.
NEW YORK, Sept 17- Walgreen Co is moving 120,000 employees to a private health insurance exchange from coverage provided directly from carriers, the company will announce Friday. The benefit to Walgreen and other employers is unknown at this point, as their cost-savings are not clear.
Sept 13- If Bill de Blasio becomes New York City's first Democratic mayor in 20 years, the liberal politician would soon find himself immersed in labor talks that could saddle the city with a $7 billion bill for retroactive wage increases for municipal workers. If he does, he would face Republican Joe Lhota in November's mayoral election.
DETROIT, Sept 12- Detroit's emergency manager is considering ending its health insurance coverage for city retirees under age 65 and giving them a modest stipend to purchase insurance from the health exchanges being established under Obamacare, according to a lawyer who represents two associations of public workers.