Healthcare

Property and casualty insurers are voicing concerns that longstanding tax exemptions for municipal bonds could be disrupted as part of a broader U.S. tax-code changes being considered by Congress.

The California Bankers Association recently announced a long-term care benefit for employees of member banks throughout the state. The initiative is one of the first of its kind for any large U.S. association, and could be a bellwether for the financial field and beyond.

A 65-year-old couple exiting the workforce in 2013 is estimated to need $220,000 to cover health care costs throughout their retirement, an 8% decrease from last year’s $240,000.

With 15 U.S. states opting out of President Barack Obama’s Medicaid expansion, hospitals that treat poor and uninsured patients are asking the government to delay $64 billion in planned funding cuts.

Recent data released by consulting firm PricewaterhouseCoopers looks at how employers were impacted by the health law that took effect in Massachusetts seven years ago. While it’s no true indicator of what will happen in the future, it could nod to some overall trends.

The health agency said last week that Sebelius had been calling advocacy groups, doctors, churches and “companies not regulated by HHS” since March, asking for contributions to an independent nonprofit group promoting the health law.

Three of WellPoint Inc.’s 11 board members have stepped down, citing personal reasons for their decision to depart about six weeks after a new chief executive officer took over at the second-largest U.S. health insurer.

On average, employees with both 401(k)s and health savings accounts tend to save more of their annual salaries (8.5% average annual deferral rate) in their DC accounts than employees with just a DC plan (8.1%).

In a scenario where retirement income and wealth account for 100% of an investor’s simulated retirement expenses, a model projects that around a quarter of baby boomers and Gen Xers who would have had sufficient retirement income under interest rates at historical averages would run out of money if the current low rates were taken as a permanent condition.

Forty-one percent of those surveyed said they have held off on hiring new employees as a result of the ACA. “One of the most concerning unintended consequences of the Affordable Care Act is that we see employers looking to stay under the 50-employee threshold, if at all possible,” says one expert.