Many employers foresee dropping coverageOnce provisions of the Affordable Care Act start to kick in during 2014, at least three of every 10 employers will probably stop offering health coverage, a survey released Monday shows. While only 7 percent of employees will be forced to switch to subsidized-exchange programs, at least 30 percent of the 1,300 companies surveyed say they will "definitely or probably" stop offering employer-sponsored coverage, according to the study published in McKinsey Quarterly.
Many employers foresee dropping coverage
June 7, 2011 at 12:54AM
Siemens suit says rivals infringed on patentSiemens, the German industrial group, Monday sued Samsung and LG in Germany and the United States, claiming the consumer electronics makers infringed on its LED lighting technology. The suits claim that Samsung and LG, both South Korean companies, used one of Siemens' patented light-emitting diode technologies.
Madoff aide pleads guilty and will cooperateFormer Bernard Madoff employee Eric Lipkin pleaded guilty in New York Monday to charges that he falsified documents to help carry out the biggest Ponzi scheme in U.S. history. Lipkin, 37, pleaded guilty to six criminal counts, including conspiracy, falsifying records and bank fraud, and he agreed to cooperate with the government in its investigation of the fraud at Bernard L. Madoff Investment Securities.
Temple-Inland spurns hostile takeover bidPackaging and building materials maker Temple-Inland is rejecting a $3.3 billion unsolicited takeover bid from rival International Paper Co., saying the offer is too low and would face heavy regulatory scrutiny. Memphis-based IP proposed to pay $30.60 per share for shares of Austin, Texas-based Temple-Inland -- a premium of about 45 percent over Monday's closing price.
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Health care spending rose by 15%, driven by higher prices. Officials say solutions are needed to prevent Minnesotans from being priced out or delaying care they need.
