Top health care reform stories this week
Health care cost containment could become elementary, my dear Watson. IBM supercomputer and jeopardy champ Watson went to work for the health care industry this week. Watson will be working for Wellpoint to help doctors diagnose and treat patients more effectively by providing doctors with instant access to volumes of data pertaining to patient history, medical research and clinical best practices.
Individual mandate takes another hit. Opponents to Obama's health care law scored another point this week when a federal judge in Pennsylvania ruled that the controversial individual mandate requiring citizens to purchase health care is unconstitutional. Read the ruling here.
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Are you ready for some Monday Night Football (and health law bashing)? On a night replete with two MNF games, the GOP presidential candidates held yet another debate this Monday. Predictably, the Affordable Care Act figured prominently into the discussion. See video of the health law portion of the debate at Kaiser Health News. CBS News covers one of the most controversial moments of the evening when Rep. Ron Paul, R-Tex., was asked whether doctors should let a comatose uninsured 30 year-old-man die. (Spoiler alert: Paul disagreed with some of the more outspoken audience members at the debate, which was sponsored by the tea party.)
Number of uninsured stays nearly flat. The poverty rate in America rose to its highest rate in more than a decade and a half according to new census data, even though Government programs saved millions more from dropping below the poverty level. The report points out that the number of uninsured in 2010, hovering around 16.3 percent, remained relatively stable compared with 2009 but is still up dramatically from 13.1 percent in 2000. The New Republic asks whether this is proof that the new health law is working. NPR argues that there may be much more "churn" in the population of uninsured than the report suggests.
This week's health care reform picks:
Moody's reiterates ratings on HealthSpring (BusinessWeek)
GOP: Back to health care-gutting business (Mother Jones)
IRS proposes safe harbor for health care plan affordability test (Business Insurance)
Insurers that fought health law cooperate to aid uninsured (The Washington Post)
No job, no insurance, no health care (The New York Times)
Will your employees get a better deal through an exchange? (Miller Johnson)
Top retirement stories this week
Will Congress meddle with retirement accounts. The Senate Finance Committee held a hearing on Thursday to address the retirement savings crisis facing the country. Witnesses offered a broad range of proposals. There is some concern that lawmakers could revise the current 401(K) deduction. Witnesses cautioned Congress against meddling with retirement accounts. The hearing was held at a time when the retirement income deficit has reached a high of $6.6 trillion.
Clash of the fiduciaries. Republican House members teamed up with industry groups at a hearing this week to oppose SEC efforts to apply a uniform fiduciary standard, arguing that it would impair consumer access and limit choice.
This week's retirement picks:
Starting a 401(k) plan: 5 things you need to know (Huffington Post)
The tax law that could make your grandchildren super-rich (The Washington Post)
Fine-tune a 401(k) or IRA and cut costs (New York Times)
Industries with the best 401(k) matches (U.S. News & World Report)
Top HR / Benefits stories this week
The dangers of wellness. Several companies won awards for their wellness programs this week. Such programs incentivize employees to maintain healthier lifestyles while lowering health care costs for employers. But employers need to be cautious, warns the EEOC. Employee participation in wellness programs must be voluntary. Further, companies adopting wellness programs must navigate a veritable "minefield of laws and regulations," including HIPAA, ADA and GINA.
This week's HR/benefits picks:
The entertainment value in employee benefits (BenefitsPro)
How Silicon Valley's most connected exec does his hiring (ReadWriteWeb)
Seattle approves paid sick-leave requirement (The Seattle Times)
My job made me healthier: 4 inspiring stories (CBS MoneyWatch)
Employers tell workers to get healthy or pay up (The Tennessean)
Employers more open to remote offices (BenefitsPro)
The ABCs of workplace flexibility (Huffington Post)
Most workers make mistakes on benefits coverage (BenefitsPro)
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This week's most popular story on BenefitsPro: Federal judge strikes individual mandate
This week's BenefitsPro blog roll:
Shot in the dark, by Denis Storey
Tax haggling and retirement security, by Jenny Ivy
Actuarial footballing, by Dan Cole
The DOL's new fiduciary rule: Who will speak up for IRA investors?, by Chris Carosa
Hedging benefit plan costs, by Steve Parrish
Follow the official Twitter feed for 'This Week in Benefits': @BenefitsWeek
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