Healthcare

The Supreme Court heard the first of three days of oral arguments on the constitutionality of the individual mandate provision of the Patient Protection and Affordable Care Act, sparking speculation, analysis and protests throughout Washington, D.C. and the nation.

Employee benefit brokers and advisers are paying close attention to the proceedings as the Supreme Court takes up an historic test of whether health reform is valid under the country's Constitution.

As the 2012 Republican presidential hopefuls travel across the country to make their case for the White House and health reform moves forward, have you looked into the future of YOUR business? Have you considered the potentially devastating impact to your business? How about the possibilities and tremendous opportunities to continue making a difference in the lives of your clients and prospects?

Lawmakers are investigating three pharmacies in Maryland and North Carolina for diverting critical but scarce drugs from patients to wholesalers, who are then able to resell the medicine at sometimes big markups.

Employers across America face unprecedented challenges in providing competitive employee benefits while still controlling costs. Public-sector employers face additional obstacles from revenue shortfalls and increased public scrutiny of government spending. Yet employers, both public and private, have access to many proven solutions that can help them control and even reduce costs while continuing to offer a strong benefits package. …

With the Supreme Court tackling constitutional challenges to the Affordable Care Act during oral arguments March 26-28, the Kaiser Family Foundation has published a 10-page primer of the issues and arguments before the court.

Skinner is a welcome decision for plan fiduciaries. It is, however, only the first appellate opinion on the subject post-Amara. Additionally, the facts of the case were not particularly compelling for the plaintiffs, since they received accurate information before making their retirement decisions and thus never relied on the faulty SPD. Undoubtedly other courts will tackle the issue of ERISA remedies in the coming months. In the meantime, however, employer/plan administrators should continue to subject their plan documents and benefits communications to a careful review to ensure their accuracy and clarity. Skinner teaches that, in the context of benefit communications, an ounce of prevention is truly worth a pound of cure.

The Supreme Court will hear oral arguments on the constitutionality of the Patient Protection and Affordable Care Act — specifically the health care reform law’s individual mandate — starting on Monday and is not expected to rule until as late as June 30. The justices could throw out the entire law or uphold it. They may also issue only a partial ruling, striking down the mandate, for example, or overturning the planned expansion of the Medicaid health program for the poor. Or they could put off a decision until after the law comes into full force in 2014.

More Americans are feeling optimistic about their retirement savings, according to a new survey.

More than half of U.S. employers say they are expanding the use of technology to manage costs associated with employee benefits programs. This is according to new research from Prudential Financial.