The Maryland Insurance Administration says both companies proved they need those increases to stay in business, telling officials they have lost a combined $447-million since policies started selling under the affordable care act back in 2014.
Companies anticipate average per-employee health costs to increase by 4.3 percent in 2018, the highest rate since 2011.
Early responses from the survey suggest that 46 percent of employers would take steps to cut costs with new strategies such as high-deductible health plans
The problem came, according to Bell, when the state made bad investments with its retirement fund, and allegedly used some of the money for other costs, which has left the state retirement system at just 16 percent funded, making it the second-worst funded retirement system in the country, behind Illinois.
Democratic Gov. Tom Wolf says Pennsylvania state government has less than two weeks to end a budget stalemate before the state’s battered credit rating gets another downgrade and he must delay more payments for lack of cash.
The settlement seeks to resolve allegations that the trusts illegally collected from tens of thousands of distressed borrowers using deceptive or unfair means, and that debt collectors and law firms for them flooded the nation’s courts with faulty lawsuits to collect.
Puerto Rico’s government owes $74 billion to bondholders, and an additional $50 billion in pension obligations to teachers and almost all other government employees. In May, it filed for the largest municipal bankruptcy in U.S. history.
Global debt may be understated by $13 trillion: BIS (Cornelius999)
“Accounting conventions leave it mostly off-balance sheet, as a derivative, even though it is in effect a secured loan with principal to be repaid in full at maturity,” BIS said.
Explaining the risk they added: “In particular, the short maturity of most FX swaps and forwards can create big maturity mismatches and hence generate large liquidity demands, especially during times of stress.”
New Thinking and Different Actions (GE Christenson)
Most people (nations, families, cultures, central bankers, governments etc.) will not change their lifestyle and habits. They will continue doing what created current physical pain and financial ill health.
Rear Adm. Marc Dalton, currently commander of Task Force 76, will take command of Task Force 70, which oversees theater surface warfare and integrated air missile defense for 7th Fleet in the Pacific. Capt. Jonathan Duffy, deputy commander of DESRON 15 will take command of the squadron, officials said.
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