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How Limiting Women's Access to Birth Control and Abortions Hurts the Economy

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Michele Gilman, University of Baltimore

Reproductive health isn't just about abortions, despite all the attention they get. It's also about access to family planning services, contraception, sex education and much else.Such access lets women control the timing and size of their families so they have children when they are financially secure and emotionally ready and can finish their education and advance in the workplace. After all, having children is expensive, costing US$9,000 to $25,000 a year.And that's why providing women with a full range of reproductive health options is good for the economy at the same time as being essential to the financial security of women and their families. Doing the opposite threatens not only the physical health of women but their economic well-being too.The Supreme Court acknowledged as much in 1992, stating in Planned Parenthood of Southeastern Pennsylvania v. Casey:

The ability of women to participate equally in the economic and social life of the nation has been facilitated by their ability to control their reproductive lives.

However, it seems that state and federal legislators, certain politicians running for president as well as some conservative Supreme Court justices have forgotten the meaning of this sweeping language.As a consequence, the right to control their reproductive health has become increasingly illusory for many women, particularly the poor.
A CDC study suggested 99 percent of women have used birth control at one point or another.
Joshua Roberts/Reuters

*The economics of contraception*With some conservative politicians dead set on limiting access to abortion, you'd assume that they would be for policies that help women avoid unintended pregnancies. But conservative attacks on birth control are escalating, even though 99 percent of sexually active women have used some form such as an intrauterine device (IUD), patch or pill at least once.In addition to its widely recognized health and autonomy benefits for women, contraception directly boosts the economy. In fact, research shows access to the pill is responsible for a third of women's wage gains since the 1960s.And this benefit extends to their kids. Children born to mothers with access to family planning benefit from a 20 to 30 percent increase in their own incomes over their lifetimes, as well as boosting college completion rates.Not surprisingly, in a survey, 77 percent of women who used birth control reported that it allowed them to better care for themselves and their families, while large majorities also reported that birth control allowed them to support themselves financially (71 percent), stay in school (64 percent) and help them get and keep a job (64 percent).Still, there is a class divide in contraception access, as evidenced by disparities in the 2011 rate of unintended pregnancies. While the overall rate fell to 45 percent (from 51 percent in 2008), the figure for women living at or below the poverty line was five times that of women at the highest income level (although also decreasing).One reason for this disparity is the cost of birth control, particularly for the most effective, long-lasting forms. For instance, it typically costs over $1,000 for an IUD and the procedure to insert it, amounting to one month's full-time pay for a minimum wage worker.These costs are significant, given that the average American woman wants two children and will thus need contraception for at least three decades of her life. Unfortunately, publicly funded family planning meets only 54 percent of the need, and these funding streams are under constant attack by conservatives.Not surprisingly, health insurance makes a difference, and women with coverage are much more likely to use contraceptive care. The Affordable Care Act is responsible for part of the drop in unintended pregnancies -- it expanded contraception coverage to around 55 million women with private insurance coverage.Yet this coverage is also at risk for millions of employees and their dependents who work for employers claiming a religious objection. In Burwell v. Hobby Lobby, the Supreme Court concluded that a for-profit company cannot only profess religious beliefs but also impose those beliefs on their employees by denying them certain forms of contraception. The Obama administration has issued regulations allowing religious employers to opt out of offering contraceptive coverage. Affected employees are then covered directly by their insurers.This is not enough for some. In March, the Supreme Court heard oral arguments in the case of Zubik v. Burwell, in which several religious nonprofits assert that even the act of seeking an accommodation from the law burdens their religious consciences.These religious groups argue in part that women can get their birth control from other sources, such as federally funded family planning centers. Yet at the same time, conservatives are on a mission to slash that funding, particularly for Planned Parenthood, which provides sexual and reproductive health care to almost five million people a year.This makes no economic sense. Publicly funded family planning programs help women avoid about two million unintended pregnancies a year and save the government billions of dollars in health care costs. The net savings to government are $13.6 billion. For every $1 invested in these services, the government saves $7.09.
Hillary Clinton, who was endorsed by Planned Parenthood, has complained about the lack of attention paid toward abortion in the debates.
Brian Snyder/Reuters

*Sex education and the economic ladder*Another key to reproductive health -- and one that isn't discussed enough -- is sexual education for teenagers.For years, the public has spent over $2 billion on abstinence-only programs, which not only fail to reduce teen birth rates but also reinforce gender stereotypes and are rife with misinformation. Low-income minority teens are particularly subject to these programs.Teens without knowledge about their sexual health are more likely to get pregnant and less likely to work, spiraling them to the bottom of the economic ladder.President Obama's proposed 2017 budget would eliminate federal funding for abstinence-only sex education and instead fund only comprehensive sexual education, which is age-appropriate and medically accurate. However, Congress has rejected the president's prior proposed cuts and the same result is likely for 2017.*Access to abortion*Then there's the issue of abortion. Let's start with the cost.Half of women who obtain an abortion pay more than one-third of their monthly income for the procedure.Costs rise significantly the longer a woman must wait, either because state law requires it or she needs to save up the money -- or both. Studies show that women who cannot access abortion are three times more likely to fall into poverty than women who obtained abortions.In addition to the financial burden, many states are enacting laws designed to limit abortion access. These laws hit low-income women particularly hard. From 2011 to 2015, 31 states have enacted 288 such laws, including waiting periods and mandatory counseling sessions.Moreover, 24 states have enacted so-called TRAP laws (targeted regulation of abortion providers), which medical experts say go far beyond what is needed for patient safety and impose needless requirements on doctors and abortion facilities, such as requiring facilities to have the same hallway dimensions as a hospital.In March, the Supreme Court heard arguments in a case challenging a Texas TRAP law, Whole Women's Health v. Hellerstedt. If the court upholds the law, the entire state of Texas will be left with only 10 abortion providers.A lower federal appeals court stated in the Texas case that travel distances of more than 150 miles one way are not an "undue burden" and are thus constitutional. This, I would argue, shows a complete lack of understanding regarding the difficulties that poverty -- especially rural poverty -- imposes. Traveling long distances adds additional costs to an already expensive medical procedure.The court's decision is expected in June. Observers fear that the court could split 4-4, which would leave the Texas law intact.
A Texas federal court said a new law that would reduce the number of abortion providers to 10 wasn't an 'undue burden' for women.
Kevin Lamarque/Reuters

*The Hyde Amendment*Another way in which U.S. policy on abortions exacerbates economic inequality, especially for women of color, is through the ban on federal funding -- which some aspiring politicians seem to have forgotten is still in place.It has been so since the 1976 enactment of the Hyde Amendment, which prevents federal Medicaid funds from being used for abortions except in cases of rape, incest or when the life of the mother is at risk. The Affordable Care Act does many wonderful things for women's health, but it also extends the Hyde Amendment through its expansion of Medicaid, and it allows states to ban abortion coverage in their private exchanges.Denying poor women coverage under Medicaid contributes to the unintended birth rates that are seven times higher for poor women than high-income women.*Economic and reproductive health*Politicians cannot promise to grow the economy and simultaneously limit access to abortion, birth control and sexual education. Our nation's economic health and women's reproductive health are linked.And as Hillary Clinton correctly noted recently, it's an issue that deserves more attention in the presidential campaign -- and hasn't received enough.Michele Gilman, Venable Professor of Law, University of BaltimoreThis article was originally published on The Conversation. Read the original article.

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 20 hours ago.

Wealthy millennials still lean on their parents for financial support

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Wealthy millennials still lean on their parents for financial support *FA Insights is a daily newsletter from Business Insider that delivers the top news and commentary for financial advisors.*

*Millennials lean on their parents for financial help (InvestmentNews)*

A new survey from UBS Group AG found that 74% of affluent millennials rely on their parents for financial support. The group surveyed 1,131 millennials aged 21-29 who have at least $100,000 in household income or the same amount of assets to invest, or aged 30-36 with at least $250,000.

29% of those surveyed said their received help with health insurance; 28% with home purchases, 26% with auto insurance, and 23% with utilities, reports Christine Idzelis.

“They came into adulthood during a very uncertain economic time,” said Sameer Aurora, the head of client strategy for UBS Wealth Management Americas. “The financial crisis has cast a long shadow.”

*The Fed's lone dissenter was right... (Advisor Perspectives)*

After Wednesday's snooze Fed meeting, analysts are gearing up for a Fed hike in June. Brian Wesbury and Robert Stein of First Trust Advisors noted three reasons why the Fed is likely to hike then: 1) the Fed touted the labor market, 2) the Fed noted "solid" growth in household income and "high" consumer sentiment, 3) the Fed removed the language about global risks.

"In our view, [the lone dissenter Esther] George was right and everyone else wrong. Economic fundamentals warrant a rate hike. The economy can handle higher short-term rates. The unemployment rate is already very close to the Fed’s long-term projection of 4.8% and nominal GDP growth – real GDP growth plus inflation – is up at a 3.5% annual rate in the past two years," wrote Wesbury and Stein.

*Obama liked the "The Big Short"— except for the ending (The New York Times)*

US President Barack Obama told the New York Times' Andrew Ross Sorkin that although he liked "The Big Short," the movie based on Michael Lewis' 2010 book on the financial crisis, he wasn't too keen on the ending because it suggested that nothing has changed on Wall Street.

The financial sector “is bigger, absorbs more resources and maybe most importantly, more talent than I would like to see ... But there is no doubt that the financial system is substantially more stable," Obama told Sorkin. 

"It is true that we have not dismantled the financial system, and in that sense, Bernie Sanders’s critique is correct. ... But one of the things that I’ve consistently tried to remind myself during the course of my presidency is that the economy is not an abstraction. It’s not something that you can just redesign and break up and put back together again without consequences.”

*Baby Boomers are way less optimistic about the future than young people (Business Insider)*

The difference in consumer confidence between Americans younger than 35 and those older than 55 is at a record high, according to data shared by Deutsche Bank's Chief International Economist Torsten Sløk in a recent note to clients.

Sløk attributed this to the fact that millennials have less debt than the older generation, and their unemployment situation compared to that of older people is better than it has been in years. However, it's also interesting to note that Baby Boomers are much closer to retirement than millennials, another possible factor in the Boomers' relative pessimism.

*Financial stress is correlated with poor health (FA Magazine)*

A study by Lockton Retirement Services, a workplace benefits provider based in Kansas City, Mo., writes that financial stress can lead to poor health and productivity issues.

"Those reporting high levels of stress were more than four times as likely to suffer from symptoms of fatigue, headache, depression or other ailments. They were also twice as likely to report poor health overall, leading to more sick days, increased absenteeism and decreased productivity," reports Karen Demasters.

*SEE ALSO: Here's what happens with your stuff after you die*

Join the conversation about this story »

NOW WATCH: Drones are the next wedding trend Reported by Business Insider 17 hours ago.

When Getting Arrested for Practicing Medicine without a License is a Good Thing

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"The Constitution of this Republic should make special provision for medical freedom as well as religious freedom. To restrict the art of healing to one class of men and to deny equal privileges to others will constitute the Bastille of medical science. All such laws are un-American and despotic"-- Attributed to Benjamin Rush, MD, A Founding Father and Signer of the Declaration of Independence (New World Encyclopedia)
On May 5, 1976, I was arrested for practicing medicine without a license, making this date in 2016 my 40th anniversary of this arrest.

I have been a serious student and practitioner of homeopathic medicine since I began studying it in 1972 with a group of three MDs, two nurses, a dentist, two yoga teachers, and several others met weekly over a five year period.

In 1976, the California Medical Board decided to investigate me after they received a letter from a libertarian who asserted that I was practicing a type of "quack medicine" called homeopathy, that I hung-out with people involved in "yoga and bioenergetics and the like," and that I preyed upon "Berkeley types." Although libertarians are known to be against medical licenses laws and many other forms of governmental regulation, some libertarians seem to want regulation when it suits their personal beliefs and worldviews.

An undercover agent came to my home-office for an appointment, and for the first time in my life, I asked this man if he is affiliated with any law enforcement agency, but I didn't give him time to answer by asserting, "You know I'm not a doctor. Please come into my office."

He told me that he had had chronic eczema for which conventional doctors have prescribed X-ray treatment without success (too bad that they didn't arrest his doctor for this dangerous medical quackery?). He also had had a chronic nasal discharge for which various rounds of antibiotics had not provided relief (more conventional quackery).

I prescribed a homeopathic medicine for him called "Nux vomica," a medicine that I prescribed to help detoxify him from the many conventional medical treatments he has received. I told him to come back in a week. He arrived a week later, and he told me that he had been having a fever for a couple of days. Although he may have been just feigning a fever in order to get me to prescribe treatment for him during a specific illness, I told him that this may be good healing response to Nux vomica and that he should go home and come back a week later.

He came back a week later, without a fever, and based on the totality of his varied symptoms, I prescribed an unusual homeopathic medicine that was developed by Dr. Edward Bach, a bacteriologist who had been shown by a homeopathic physician that homeopathic medicines can change the bacterial composition of the large intestines. Impressed by these results, Bach began investigating homeopathy, and he also began to make in homeopathic doses of some of the bacteria in the bowel. One of the bacteria is called Morgan Pure, and I gave this medicine to the man who was an agent for the medical board. Ironically (or cosmically), I ultimately gave him a homeopathic dose of shit.

After my arrest, a group of fellow natural medicine practitioners and appreciators created an organization called the "Holistic Health Organizing Committee" (unlike other organizations from the '60s and '70s that called themselves "Defense Committees," we had no interest or desire to seem "defensive" and preferred to think of our work as "pro-active" and "educational"). To raise $5,000 for my legal expenses, the group organized three "holistic health retreats" over an 18-month period at Harbin Hot Springs (in Lake County in Northern California). Ultimately, $6,000 was raised, and we used that extra money to create the first holistic health journal called "The Holistic Health Review."

*The Court Case and Its Aftermath*

A trial date was set for April 10, 1977, which to me was quite an auspicious date because it was the birthday of Samuel Hahnemann, MD (1755-1843), the founder of homeopathic medicine. As it turned out, two weeks prior to the court date, my lawyer, Jerry Green, worked out a settlement with the medical board. Green was a malpractice attorney and a bodyworker who found that a significant part of the malpractice crisis resulted from people expecting more from doctors than they could provide. His solution to deal with this problem was the use of contracts between patients and practitioners that stipulated specific roles and responsibilities for each in the health care relationship.

The old view of doctor/patient relationships was that the doctor provided the treatment and the patient didn't do anything except to take whatever medication the doctor prescribed. However, the emerging holistic health revolution not only heralded the use of various alternative treatment methods, it also strongly encouraged the person (who isn't just a "patient") to take an active role in his/her health. The use of a contract in health care was a totally new concept, though it fit in with the emerging realization that each person has a role, even a vital role, in his/her own health care.

The legal settlement that the court accepted allowed me to continue to maintain a "health practice" as long as I referred patients to medical doctors for "diagnosis and treatment of disease" (a practice in which I had already done). Instead of diagnosing or treat a disease, my role was to treat the person, not a disease. The settlement also stipulated that I use a contract that detailed the roles and responsibilities that each patient had in our relationship and the specific role that I had in prescribing homeopathic medicines.

This legal settlement was a clever and creative way to deal with a complex health care subject. In the meantime, the California Medical Board changed its name to The Board of Medical Quality Assurance, and they invited non-physicians to be a part of this board. Then, in 1980, they made their #1 priority to change the law on which I was arrested. I was then hired as a consultant to the medical board as they participated in a series of conferences on health care decision-making and medical ethics. Ultimately, the medical board's report recommended many of my proposals. However, shortly after its publication, Governor Jerry Brown completed his second term, and a new Republican governor was taking over.

No effort was initially made to change the "Medical Practices Act," though the educational process to which the medical board participated led to their decision to investigate MDs who were alcoholics or serious drug-users and those MDs who were over-prescribing medications for their patients. Clearly, the medical board appropriately sought to discipline doctors who posed greater danger to society than those practitioners of various natural healing systems.

A couple of decades later in 2003, California governor Gray Davis signed into law a "medical freedom of choice" legislation that was modeled after a similar law in Minnesota. This law allowed the variety of herbalists, nutritionists, homeopaths, and others to engage in health care as long as they don't perform surgery and recommend prescription drugs. To those on the left of the political spectrum, the right to choose your own health practitioner is a "civil liberties" issue, while to those on the right on the political spectrum, the right to choose your own practitioner is a "health freedoms" issue. The beauty of health and healing issues is that they go beyond traditional left/right politics.

Ultimately, just as biology confirms that the web of life is strongest and most sustainable the more complex the web is, health care may also be at its best and most sustainable the more diversity that exists. The consummate literary genius Mark Twain wrote in Harper's Bazaar, "the introduction of homeopathy...forced the old-school doctor to stir around and learn something of a rational nature about his business; you may honestly feel grateful that homoeopathy survived the attempts of the allopathists [conventional physicians] to destroy it" (Twain, 1890).

Instead, any serious student of medical history knows that the competition that homeopathy provided in the 19th century led to the decrease and then the discontinuance of bloodletting, leeches, and mercury pills. Likewise, various "alternative" treatment methods will compete with conventional ones, forcing conventional medicine to achieve better and safer results.

As it turns out, homeopathic medicine is becoming increasingly competitive with conventional medicine:1. A large survey of licensed health practitioners in France was conducted in 2011-12 drawn from the prescribing habits from the national health insurance database (Piolot, Fagot, Rivière, et al., 2015). A total of 120,110 French healthcare professionals (HCPs) prescribed at least one homeopathic drug or preparation. They represented 43.5% of the overall population of HCPs, and further, nearly 95% of general practitioners, dermatologists and pediatricians, and 75% of midwives prescribed homeopathic medicines.
4. In 2009, 67% (!) the population of Switzerland voted to include homeopathy, acupuncture, and herbal medicine as a part of the nation's insurance program, and in 2016, the government decided to accept the will (and demand) of its people (Swiss, 2016).
7. A survey of Mexico medical doctors and biomedical researchers found that homeopathy was the most well-known complementary and alternative medicine (CAM) treatment, with 100% of people knowing about it. Homeopathy was also the most popular CAM treatment used by interviewees' family members. Homeopathy was the most popular CAM treatment to which physicians referred patients (16.8%). For the group of researchers, the percentage of CAM recommendations to acquaintances was highest for homeopathy (25%), followed by herbal medicine (19%), and massage therapy (18%). In terms of their own experience, researchers had taken more meditation and yoga courses (6.06%), while physicians had taken more homeopathy courses (12.2%). The survey found that the CAM approaches that researchers and physicians thought should be part of medical curricula were homeopathy (35.3% and 43.7%, respectively). The CAM therapies to which researchers and physicians thought should receive priority in resources for scientific research were also homeopathy (59% and 61.8%, respectively) and herbal medicine (71% and 51%, respectively).
10. According to the Lancet, about 10% of the population of India, approximately 100 million people, depend SOLELY on homeopathy for their health care (Prasad, 2007). When you consider that this means that Indians use homeopathy for the entire range of acute, chronic, and infectious disease for infants, children, adults, and the aged, it is remarkable that anyone could still consider that these natural medicines act as placebo (any clinic that tried to prescribe only placebos probably wouldn't last one month, let alone 200 years).
*References:*
New World Encycloopedia: http://www.newworldencyclopedia.org/entry/Benjamin_Rush

Piolot M, Fagot JP, Rivière S, Fagot-Campagna A, Debeugny G, Couzigou P, Alla F. Homeopathy in France in 2011-2012 according to reimbursements in the French national health insurance database (SNIIRAM). Fam Pract. 2015 Apr 28. http://www.ncbi.nlm.nih.gov/pubmed/25921648

Prasad, R. Homoeopathy Booming in India, Lancet, 370(November 17 2007):1679-80. http://www.ncbi.nlm.nih.gov/pubmed?term=18035598

Swiss to recognise homeopathy as legitimate medicine. March 29, 2016. http://www.swissinfo.ch/eng/complementary-therapies_swiss-to-recognise-homeopathy-as-legitimate-medicine/42053830

Twain, M. "A Majestic Literary Fossil," Harper's Magazine, February 1890, 80(477):439-444.*Dana Ullman, MPH, CCH*, is America's leading spokesperson for homeopathy and is the founder of www.homeopathic.com . He is the author of 10 books, including his bestseller, Everybody's Guide to Homeopathic Medicines. His most recent book is, The Homeopathic Revolution: Why Famous People and Cultural Heroes Choose Homeopathy (the Foreword to this book was written by Dr. Peter Fisher, the Physician to Her Majesty Queen Elizabeth II). Dana has also developed a new e-course in "Learning to Use a Homeopathic Medicine Kit," which includes 40, 60, or 80 (!) short videos along with a detailed ebook entitled "Evidence Based Homeopathic Family Medicine," which provides reference to and description of over 300 clinical trials published in peer review medical journals. This e-course is available at www.homeopathic.com .

Dana lives, practices, and writes from Berkeley, California. He sees patients from all over the world via phone and Skype and in his Berkeley office.

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 17 hours ago.

Paul Ryan's Big Plan To Replace Obamacare Is An Old Idea That Doesn't Work

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WASHINGTON -- If you were hoping Republicans had fresh new solutions for health care reform up their sleeves, you might find the recent hints from House Speaker Paul Ryan (R-Wis.) a bit disappointing.

After six years of the GOP failing to come up with a comprehensive alternative to the Affordable Care Act, what Ryan outlined during an appearance at Georgetown University on Wednesday was essentially another stab at a decades-old idea that's never really worked -- an idea that would involve allowing health insurance companies to resume charging sick people higher rates than healthy people.

The cornerstone of Ryan's approach is so-called high-risk pools, a form of health insurance designed for people with the most serious health conditions and highest costs, who were mostly locked out of the regular private market before the Affordable Care Act required insurers to accept all applicants.

If the concept sounds familiar, it's because high-risk pools have existed since 1976, and are a go-to policy proposal for Republicans who don't want to be accused of not caring about people with pre-existing conditions.

High-risk pools have been part of countless conservative reform platforms, including a recent plan from the House Republican Study Committee and a not-so-recent one from the 2008 presidential campaign of Sen. John McCain (R-Ariz.).

They were even included in a 2009 House Republican bill that was supposed to be the GOP alternative to the ACA, but that the Congressional Budget Office said would only reduce the ranks of the uninsured by 3 million people over a decade (in contrast to Obamacare, which has reduced the uninsured by 20 million since 2013).

"We can and should and must fix that," Ryan said in response to a question from a student who said his family had benefited from Obamacare's protections for people with pre-existing conditions.

"The smarter way, in my opinion, is that we as a society make a decision at the government level that we will buck up and subsidize those people with pre-existing conditions." Ryan said. Reuters first reported Ryan's remarks.

The problem is, high-risk pools -- which existed in 35 states before the Affordable Care Act made them virtually obsolete -- always failed to achieve their goal of providing a true insurer of last resort to those who needed it.

The biggest reason is money: Covering the medical costs of the sickest people in the country is very expensive, and the government has never devoted the funds necessary to make this work.

"High-risk pools are never successful in providing affordable coverage for people who otherwise had no alternative," said Edwin Park, vice president for health policy at the Center on Budget and Policy Priorities. "Conceptually, it doesn't work. You can keep throwing money at it, but it's a losing proposition over time."
Ryan said the federal government would subsidize these high-risk pools at the state level. But promises of additional government spending on health seem dubious from the leader of a House Republican Conference heavily influenced by tea party lawmakers trying to shrink the government as much as possible.

And these are the same promises that led to the creation of the pre-Obamacare high-risk pools in the first place. They didn't pan out.

"For 35 years, states tried to meet this challenge, but never could," Karen Pollitz, a senior fellow at the Henry J. Kaiser Family Foundation, told The Huffington Post in an email.

In any given year, about one-fifth of Americans account for around four-fifths of health care spending, and high-risk pools are designed to attract the very sickest and most expensive customers, Pollitz said.

Faced with this reality, the government cut back on the old high-risk pools rather than spend what it would have taken to make them functional.

"They looked for other ways to limit costs of their state high risk pool programs -- surcharging premiums, imposing high deductibles and low lifetime limits, and most of all, excluding people based on their pre-existing conditions," Pollitz said. "That meant the vast majority of people who were eligible for and needed [high-risk pool] coverage couldn’t enroll."

In other words, states found out that covering all these sick people cost a ton of money they weren't willing to spend, so they scaled back the programs and cut off new enrollment.

These pools wound up covering only a small share of so-called uninsurable people and a tiny share of the total uninsured population, and low-income people typically couldn't afford the premiums, according to a study published in 2005.

The Government Accountability Office found that as of 2008, fewer than 200,000 people were covered by high-risk pools, out of nearly 4 million who should have been eligible.


High-risk pools are never successful.
Edwin Park, Center on Budget and Policy Priorities
Ryan also indicated he wants to "open up underwriting," which in insurance jargon means allowing insurers to charge higher rates to people based on their medical histories. Under Obamacare, insurers can't do that. They also can't make women pay more than men, and they can only charge middle-aged people up to three times the premiums paid by young adults.

Ryan's proposal to "open up underwriting" would affect people not deemed sick enough to join a high-risk pool -- which could mean everyone with common ailments like diabetes and asthma, or a healthy person with a history of cancer or other diseases. That's how the insurance market worked when underwriting was permitted before the Affordable Care Act.

This was part of Ryan's argument to the college-aged audience that letting insurance companies once again discriminate against the sick, and moving the most ailing into a separate program, would be good for them. Young people would pay lower health insurance premiums if older, sicker people were in a separate program, he said.

But that doesn't account for the cost to taxpayers of whatever government subsidies would be provided to people in the high-risk pools. And it ignores the reality that everyone, if they live long enough, goes from being the healthy person to being the sick person, Pollitz said.

Earlier in his appearance at Georgetown, Ryan repeated his promise that Republicans would finally tell Americans how they would do health care reform differently.

"What does patient-centered health care look like? We don't think the Affordable Care Act is working," he said. "News flash: Republicans are against Obamacare. But we owe it to people to show what we would replace it with. We have to show what we would do differently."

Ryan didn't offer a lot of fine detail in his four-minute reply to the student's question. Republicans will supposedly unveil a health care plan this summer, and maybe it will address the shortcomings apparent in what Ryan did say this week. For now, though, his plan sounds like it won't be as good for people with pre-existing conditions as what they already have under Obamacare.

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 15 hours ago.

Automating Ourselves To Unemployment

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Automating Ourselves To Unemployment Submitted by Adam Smith via PeakProsperity.com,

Students of Austrian business cycle theory are familiar with the term malinvestment. A malinvestment is any poor use of resources or capital, commonly made in response to bad policy (usually artificially low interest rates and/or unsustainable increases in the monetary supply). The dot-com bubble that popped in 2001? The housing bubble that similarly burst in 2008? Those were classic examples of malinvestment.

With this article, I'd like to introduce a related term: *malincentive*. While not part of the official economic lexicon, I consider a 'malincentive' a useful word to describe any promise of short-term gain whose long-term costs outweigh any immediate benefits enjoyed. The temptation to urinate in one's pants on a cold winter day to get warm is a (perhaps unnecessarily) graphic example of malincentive. Yes, a momentary relief from the cold can be achieved; but moments later, you'll have a much larger problem than you did at the outset.

Malincetives and malinvestment go hand-in-hand. In my opinion, the former causes the latter. *As humans, we respond remarkably well to incentives. And dumb incentives encourage us to make dumb investments.*

*In this current era of central planning, malincentives abound. *We raced to frack as fast as we could for the quick money, while leaving behind a wake of environmental destruction and creating a supply glut that has killed the economics of shale oil. Our stock exchanges sell unfairly-fast price feeds for great sums to elite Wall Street high-frequency-trading firms, and as a result have destroyed investor trust in our financial markets.  The Federal Reserve keeps interest rates historically low to encourage banks to lend money out, yet instead the banks simply lever up to buy Treasurys thereby pocketing vast amounts of riskless free profit. The list goes on and on.

*One particular malincentive has been catching my attention recently, one that feels especially pernicious because it does not seem easily reversible, if at all. For US employers both large and small, it's becoming increasingly less appealing to employ human labor. *

*The High Cost Of Labor*

The cost of a human employee is much more than just the salary he or she receives. There's:

· base salary
· employment taxes

· Social Security/FICA (currently 6.2% on the first $90,000 of salary)
· Unemployment/FUTA (6.2% on $7,000 of salary)
· Medicare (1.45% with no salary cap)

· Workers Comp insurance (this can vary from 1% to 15%+  for every dollar of payroll, depending on the type of work the employee is engaged in)
· any benefits offered

· health insurance
· retirement plans (401k administration and/or matching)
· life insurance
· long-term disability
· vision/dental insurance
· dependent care assistance
· tuition reimbursement

The above combined typically result in a cost between 1.25-1.4x a worker's base salary. But this is not the 'all-in' cost.

There's also the cost of office space, equipment, management & supervision, training. Of HR services. Of paid time off. Of lost productivity if a worker turns out to be a bad hire. Simply put, people are expensive to employ.

But the situation is getting even worse. Employers of every size are experiencing a growing surge of additional costs in regards to their human workforce.

The recent push to dramatically increase the minimum wage over the next several years is currently being hotly debated. However, one thing that is not up for debate is that this rise will make the cost of labor substantially greater for businesses -- especially smaller businesses, as a greater percentage of their employees are at the minimum wage level. For instance, the hike to $15/hour now legislated for California and New York represents rises of 50% and 67% respectively from current levels. Businesses will not be able to absorb that labor cost increase without reducing headcount, raising prices and/or cheapening quality. Likely some combination of all three.

Similarly, the Affordable Healthcare Act requires businesses with 50 or more employees to offer health care coverage or face penalties:



Under the health care law, employers with 50 or more full time equivalents are considered "large businesses" and therefore required to offer employee health care coverage, or pay a penalty.

 

However, *employers who are close to reaching 50 full time equivalents are encouraged to closely monitor their workforce, as reaching the threshold and not offering health care coverage can result in steep penalties.*

 
(Source)


What's the natural reaction to this if you're a small business owner? Do everything you can to keep headcount under 50 employees. Fire people if you must. Create part-time positions instead of full-time ones. Outsource. Automate.

The cost of complying with workplace safety regulations (estimated by some to cost US businesses over $65 billion per year) is jumping, too:



A 2016 “bombshell” is likely coming from the Occupational Safety and Health Administration, which is expected to *increase fines more than 80%*.

 

Thank Congress for the “catch-up” increase—OSHA’s first since 1990—that quietly got tucked into a bipartisan budget act in November. The law allows all federal agencies with civil penalties to update fines for inflation. OSHA can increase fines up to 82% and has until August 1 to do so, says Duane Musser, vice president of government relations for the National Roofing Contractors Association.

Musser considers the increase an almost a foregone conclusion. And based on testimony from OSHA assistant secretary David Michaels, that seems accurate.

(Source)



To these, add compliance costs for the Americans With Disabilities Act -- which do little to prevent predatory lawsuits designed to shakedown small businesses.

All in all, regulations have been calculated to place a burden in the $trillions per year on American individuals and businesses:



The Regulation Tax Keeps Growing

Blame Washington, not China, for the decline of American manufacturing

Updated Sept. 27, 2010 12:01 a.m. ET

 

This distribution of regulatory costs places small firms at a substantial competitive disadvantage. The cost disadvantage confronting small business is driven by *environmental regulations, tax compliance, and occupational safety and homeland security rules.*

 

*In sum, individuals and businesses bear the burden of the $1.75 trillion cost of regulations*, and small businesses bear a disproportionately large share of the compliance costs. Businesses must close, reallocate activity, absorb, or pass on the expense of complying with regulatory requirements.



Then, there's the hassle factor. Employees require oversight. Management. Development. They get sick. They take leave. They quit. Some do their jobs well; some don't. Things can get messy, and not infrequently, litigious.

*The Drive To Automate*

Given all the above, is it any wonder that businesses are desperately looking for ways to replace human labor with automation? Forget about profitability, it's becoming about survival. 

As a result, capital investment in automation (robotics, artificial intelligence, etc) is exploding:

Automation does come with higher upfront capital expenditures, but with the vast savings resulting from removing the fully-loaded costs of human employees, the profit incentive to swap bodies for bots is tremendous. And as robotic and AI technology quickly gets better and cheaper, the siren song only sounds sweeter over time.

The categories of jobs that can be displaced by automation is impressive and expanding. Many industries once considered 'safe' now find themselves in the cross-hairs of progress. We have technology now capable of resolving real-world customer service calls, or landing rovers on Mars -- or a freaking comet, for that matter. The 2013 Oxford University study The Future Of Employment calculated that a full *47% of total US employment* is at risk of being replaced by 'computerization'.

How safe is your job from being displaced by an automatic solution that performs it better, faster, cheaper -- without complaints, meals, vacations, sick days, bathroom breaks, benefits, regulatory obligations, and the rest?

 

*Fuel On The Fire*

Here at PeakProsperity.com, we write often about a coming 2008-style correction (or worse) as the multiple asset bubbles blown by the world's central planners go bust. Assuming for a moment that we're correct in that forecast, we'd see millions of jobs shed again as companies fight to stay above water.

What kind of investments will companies make in that kind of environment, when dollars are particularly dear? Answer: the kind that improve a business' cost structure -- that give it more runway, more time, to claw back to health. Automation will be at the top of this list. It's very easy to calculate the expected return of technical capex (i.e., making it easier for the C-suite to approve), benefits can usually be seen quite quickly, and the up-front investment cost can often be amortized on an accelerated basis (reducing the optical impact on the P&L).

As we've written, we think the worm has already turned, and that we are heading back into recession. There has been a stealth series of mass layoffs since the beginning of the year from major players in Tech, Energy and Finance - with Intel recently joining the list last week, announcing it's shedding 12,000 jobs.

The thing to realize -- in fact, the key point of this entire article -- is that* jobs lost to automation don't come back. *Human labor displacement is a one-way trip. Once an industry has invested in mechanical infrastructure and moved up the efficiency curve, it doesn't ever abandon that investment.

 

*The High Cost Of Human Displacement*

There is an intelligent debate to be had on the benefits of automation. Many have argued that the march of technology has always left future generations with more wealth and more meaningful work to do, as the laborious drudgery is increasingly mechanized.

Others warn that "technological unemployment" (a term coined by the economist Keynes) is not costless, and creates suffering among the lower-skilled workforce who lose their means of income. Keynes called technological unemployment a "disease" resulting from "our discovery of means of economising the use of labour outrunning the pace at which we can find new uses for labour.”

What is much less debatable is that *displacing a large percentage of human labor without a plan in place to put that displaced labor to productive use is a sure-fire recipe for long-term crisis.*

Our current trajectory has us hollowing out our workforce at an alarming rate. Unskilled labor needs a place of entry in order to build skills and work experience. Yet we are closing that door. Where are the young workers to get their start in a world where the largest employers simply don't need them?

We are already seeing signs that this hollowing out is well underway:

1 in 5 American households has NOBODY with a job living in it.

The labor force participation rate has been in steady decline since the Tech revolution started in the late 1990s:

The youngest workers, Millennials, are earning 20% less than the previous generation, and are drowning under $billions and $billions of education debt.

So many families are having difficulty getting by that nearly half of US households receive part or all of their income from the government:



The percentage of Americans now receiving a federally-funded “means-tested program” now stands at 35.4%. When you add pensions, unemployment, Social Security, and Medicare to the mix, the percentage of Americans relying on government for part or all of their subsistence is 49.5% of the American population.

(Source)



The statistics above show that we are badly failing at putting our current excess human capital to productive use. Even with today's 5% unemployment rate (yeah, right), we already have a national employment crisis.

What will things look like in 5 years, when millions of today's jobs have been vaporized by the automation wave?

*Plan For The Inevitable*

Automation is going to happen. And personally, given the extreme set of malincentives we currently subject businesses to, I expect the pace to only quicken from here.

So what to do?

From a societal standpoint, I think Nobel Economics Prize recipient Michael Spence has it right (full disclosure: Spence was the dean of my business school during my years there). He warns that the challenge of technological unemployment "will require shifts in mindsets, policies, investments (especially in human capital), and quite possibly models of employment and distribution."

It certainly will. The big question is: Will we, as a society, identify and adopt these mindsets/policies/investments/models in time? Sadly, my money is on that we won't. We haven't made much progress in doing so to-date, and the hour is getting quite late to act before crisis arrives.

Which is why, here at Peak Prosperity, we advise taking individual action to avoid being run over by the automation juggernaut:

· *Skill up. *Actively develop higher-order expertise, which will be the last frontier for AI to replace. Find a mentor to apprentice to, if you're able.
· *Be entrepreneurial. *The best way to avoid being let go by a company is to own it. Let the age of automation work for your benefit, not against it.
· *Be a mentor. *More than ever, the younger generation needs pathways to learn. Provide one.
· *Find meaning in your work, as well as other areas of life.* Automation may reduce your income, or eliminate it altogether. Don't let that crush your purpose in life. The Eight Forms of Capital framework we provide in our book Prosper! provides guidance on how to live richly even if your income becomes compromised.
· *Support others. *A lot of folks you know will likely be laid off as automation advances. Be there for them. Offer support. A lot of people are going to feel lost. Let them know the loss of a job does not equate to the loss of their worth as a person. They still have a valuable role to play -- it may just take a while to find it as we all figure out the new role for humans in this dawning Age of Machines. Reported by Zero Hedge 14 hours ago.

5 Things You Should Know As Puerto Rico Confronts Its Next Unpayable Debt

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Puerto Rico owes its creditors $422 million on May 1, and the island will likely not be able to make the full payment, according to many experts.

That is a relatively small portion of the $70 billion debt burden that Puerto Rico’s government owes its external lenders. But default will likely subject Puerto Rico to more lawsuits, even as Congress is still dilly-dallying on legislation that would give the island some relief.

Here are five things you need to know about what's going on in Puerto Rico, how the situation got so bad and what the future holds.

*1. Puerto Rico’s financial crisis has taken a massive human toll.*

In recent years, Puerto Rico’s government has made increasingly drastic spending cuts and tax hikes in order to meet its obligations to creditors. The government laid off tens of thousands of public employees and raised the sales tax from 7 percent to 11.5 percent. It has closed some 10 percent of Puerto Rico’s schools since 2014, driving a sharp rise in the size of classes. Even more schools are due for closure in the near future.

The strains on public health infrastructure have made it more difficult for the island to combat an outbreak of the Zika virus.

The relentless austerity has also stunted the island’s economy, while cutting back the very social services that are more needed than ever. Puerto Rico had an unemployment rate of 11.8 percent in March -- more than twice the overall U.S. rate of 5 percent.

The poverty rate on the island is now 45 percent, according to the U.S. Census Bureau.

Puerto Ricans with the means to do so are leaving in droves for the mainland U.S., which their status as U.S. citizens makes a relatively simple move. The largest exodus in 50 years has resulted in a 9-percent drop in the island’s population, further eroding its tax base.2. The island's political status helped create the debt crisis.

There are many reasons why Puerto Rico has racked up so many IOUs. It is true, as many conservatives claim, that consecutive governments deferred hard fiscal choices by continuing to issue bonds long after the island could no longer afford to take on more debt. Widespread official corruption and notoriously inefficient state-run utilities are a few of the other underlying challenges that Puerto Rico faces.

But Puerto Rico’s unusual standing as a territory over which Congress enjoys extraordinary power may also have hindered its ability to achieve economic independence -- and thus pushed it to incur so much debt to fund public services.

In 1976, Congress granted U.S. corporations a tax exemption for income earned in Puerto Rico (and other U.S. territories), prompting decades of economic growth on the island. When Congress passed another law in 1996 phasing out that exemption over 10 years, the island began an economic decline from which it has yet to recover.

Puerto Rico also suffers from the effects of the Jones Act, an early 20th-century law that bars foreign-flagged ships from traveling from one U.S. port to another. Foreign-flagged ships must instead transfer their cargo to U.S.-flagged ships after arriving at the first U.S. port. With Puerto Rico often the second port of call, the law helps make consumer goods more expensive there than on the mainland.

In addition, Medicare and Medicaid’s reimbursements to health care providers in Puerto Rico are a fraction of their mainland levels. Recent cuts as a result of the Affordable Care Act have lowered the Medicaid rate even further, reducing access to essential medical care for some of the island’s poorest residents. Sixty-eight percent of Puerto Ricans rely on one of the two programs for their health insurance, according to the Puerto Rico Health Care Crisis Coalition, an industry- and labor-backed alliance.

*3. That same status deprives Puerto Rico of a key economic tool.*

The island’s three main public utilities owe bondholders some $20 billion -- a significant slice of the total $70 billion debt. If Puerto Rico had the same bankruptcy powers that the 50 states enjoy, it could authorize those companies to go to court to reduce their debts. But federal law does not permit the island to extend bankruptcy protections to its municipalities and public corporations.

In March, Puerto Rico presented a different legal interpretation to the Supreme Court, making the case that it can grant bankruptcy protections to its municipalities and public corporations. The high court is expected to announce a decision in the matter by late June.
4. Hedge funds and other politically connected creditors are making the situation worse.

A portion of Puerto Rico’s debt is held by hedge funds known as “vultures,” because of their ruthless pursuit of profit from impoverished debtor governments. These vultures bought up Puerto Rican debt, much of it of the "general obligation" variety whose repayment is prioritized, at a fraction of its original value from other creditors looking to offload it. They are now using their political influence to try to prevent the island from repaying debts at a discount.

One such hedge fund, BlueMountain Capital Management, has set up its own advocacy group, Mainstreet Bondholders, to fight efforts in Congress to provide Puerto Rico with even the most modest bankruptcy powers.

Another organization, the Center for Individual Freedom, has been running television ads against the same legislative proposals. Although its donors are anonymous, CFIF is widely suspected of being a front for hedge funds that own Puerto Rican debt.5. Congress is dragging its feet.

For a time it looked like congressional aid was finally on the way. After months of dithering as the crisis escalated, the House subcommittee with jurisdiction over Puerto Rico unveiled a draft bill at the end of March that would give the island some very limited access to court-supervised debt restructuring in exchange for a Washington-based fiscal oversight board.

House Speaker Paul Ryan (R-Wis.) said passing an aid package was a priority. House Democrats, while critical of some aspects of the bill, said Republicans were negotiating in good faith and professed their commitment to finding an acceptable compromise. (Even then, not everybody was on board with the "let's be positive" approach: Democratic presidential hopeful Sen. Bernie Sanders (I-Vt.) immediately called for the bill to be defeated outright.)

Last week, however, talks between the two parties reached an impasse with Democrats and Republicans involved in the process refusing to meet. Democrats wanted to weaken the fiscal oversight board, while Republicans in the ultra-conservative House Freedom Caucus expressed what appear to be more fundamental objections to the debt restructuring provisions.

That makes the prospects of congressional action before May 1 virtually nonexistent. On Tuesday, House Majority Leader Kevin McCarthy (R-Calif.) ramped up the pessimism when he voiced doubt that Congress would do anything before Puerto Rico’s next major debt repayment deadline on July 1.

Puerto Rico owes its creditors $2 billion on that date, including more than $800 million in "must pay" general obligation bonds.

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 11 hours ago.

Politics

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Angry As Hell - by Jerry Jasinowski

In the celebrated 1976 Paddy Chayefsky film "Network," which won four Oscars, the anchorman played by actor Peter Finch famously urges his audience to go to the window and scream, "We're as mad as hell and we're not going to take this anymore." I believe that line captures the sentiments of many voters today. The people cheering for Trump, Cruz and Sanders are mad as hell and are saying they are not going to take this anymore.
The mostly young people backing Sanders have a legitimate beef. They have mortgaged their family's homes to get through college only to discover their degrees are essentially useless but they can never escape those student debts. They also discover to their dismay that under our irrational system of tying health insurance to employment, many of them must do without. The excesses of overpaid CEOs and high tech billionaires only serve to exacerbate their resentment.
Much of the support for Trump and Cruz is coming from working people, or at least people who used to work, who have been displaced from their jobs by automation and foreign competition. We lost 6 million manufacturing jobs. Not long ago a job in manufacturing was a pathway into the middle class. Millions of these people made good lives for themselves and sent their own kids to college. Today they're frying burgers or greeting patrons at WalMart, struggling to pay the rent and put food on the table.
They believed in the system. They finished high school, probably served in the military, paid their dues and played by the rules. But the system let them down. Even if they have jobs, they haven't had a raise in more than eight years. And of course, like the young people, they also have trouble getting health insurance.
The general sense of alienation is intensified by the presence of millions of illegal aliens in our midst and women on the street with covered faces speaking unfamiliar languages. In sum, it seems to many Americans that they were born to a wonderful country full of promise but it is somehow slipping away before their eyes and their government is doing nothing about it.
I do not share this anger and alienation because I continue to believe this country has the full potential to overcome these problems and create a real opportunity society. What is lacking is leadership by government, business and labor. If we can only get past the impassioned political rhetoric, what we really need is a bi-partisan, public-private strategy to spur growth.
This is not rocket science. Such a strategy would include tax reform, boosting exports, more investment in infrastructure, sophisticated worker training for real jobs, more capital investment, a renewed commitment to research and development, reduced regulatory burdens, policies to encourage innovation, and yes, higher pay for workers at the bottom of the ladder. Our leaders need to take heed of the anger afoot across the land, recognize the legitimate grievances and come up with a coherent strategy for growth.
Jerry Jasinowski, an economist and author, served as President of the National Association of Manufacturers for 14 years and later The Manufacturing Institute. Jerry is available for speaking engagements. April 2016

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 23 hours ago.

13 of the happiest companies in America

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13 of the happiest companies in America Money's not the only thing that matters when looking for a job. If you're going to spend eight or more hours per day at work, it should be doing something fulfilling and enjoyable. 

As part of Business Insider's recently released ranking of the 50 best companies to work for in America, compiled in partnership with PayScale, we found dream-job companies where a premium is placed on employee satisfaction. 

PayScale measured the percentage of employees at a given company who report high job satisfaction based on the number of respondents who who answered "extremely satisfied" or "fairly satisfied" to the question, "How satisfied are you in your job?" on their employee survey. We ranked the top-13, giving the tie-breaker to the companies that performed better on the overall list of best employers. 

Facebook, known for its plentiful perks and inclusive company culture, has the highest number of happy employees, with 97% reporting high job satisfaction. Software company Salesforce.com came in second, with 90% of employees, and utilities company Southern Co. rounded out third place with 88% of employees. 

Read on to check out the best companies to work for if you want to be happy at work.

*SEE ALSO: The 50 best companies to work for in America*

*DON'T MISS: The 50 most powerful companies in America*

-13. 3M-

*Headquarters:* Maplewood, Minnesota

*Experienced median pay:* $85,100

*High job satisfaction: *80% of employees

Nearly 90,000 employees are dedicated to this industrial conglomerate's five diverse business groups: consumer, electronics and energy, healthcare, industrial, and safety and graphics. The company also offers a bevy of benefits, including on-site fitness centers, stress-management coaching, and an on-site pharmacy and medical center.-12. American Express-

*Headquarters: *New York, New York

**Experienced median pay:* *$98,800

*High job satisfaction: *80% of employees

Credit-card and financial-services titan American Express provides employees benefits like paid family leave and health insurance, as well as an on-site gym and café at the New York City headquarters. It's also among the most flexible businesses on our list, with half of employees reporting the ability to work from home, according to PayScale.-11. DuPont-

*Headquarters: *Wilmington, Delaware

*Experienced median pay:* $95,900

*High job satisfaction: *81% of employees

DuPont makes it a point to ensure that employees are able to maintain a healthy work-life balance. To accomplish this, the chemicals giant offers a family-leave program, which lets employees take time off for maternity and paternity leave, adoptions, and foster children and to care for ill family members. DuPont also offers dependent-care spending accounts that help employees save on childcare and adoption expenses.

DuPont also strives to create an environment where employees feel valued, and a solid 66% of employees report high job meaning.
See the rest of the story at Business Insider Reported by Business Insider 23 hours ago.

Covered California focuses on another vision care provider

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Covered California has added the retail vision centers of EyeMed Vision Care to the state’s health insurance exchange. This is the second vision plan to reach an agreement with the exchange. Rancho Cordova-based VSP Vision Care was the first provider announced in February. EyeMed runs retail vision shops under brands such as LensCrafters, Pearle Vision, Sears Optical and others. The company, based in Mason, Ohio, has 40 million members and its network includes more than 50,000 independent vision… Reported by bizjournals 22 hours ago.

Rising Health Costs, Education Cuts Part of Madison Budget Talks

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Rising Health Costs, Education Cuts Part of Madison Budget Talks Patch Madison, CT -- The rising costs of health insurance and education cuts are part of Madison's ongoing budget talks. Reported by Patch 20 hours ago.

Even with the nation's largest insurer leaving, Obamacare is nowhere near dead

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Even with the nation's largest insurer leaving, Obamacare is nowhere near dead Obamacare was dealt a huge image blow on April 19 when United Healthcare announced that it was pulling its plans from all but a "handful" of the state exchanges set up by the Affordable Care Act.

Despite United Health's move, however, any idea that it could be the end of the ACA is greatly exaggerating the impact.

As we've noted before, for many consumers there should be very little increase in premiums or choice on the exchanges. So those shopping for health coverage on the exchanges will likely not even notice.

The longer-term worry, according to Cynthia Cox of the Kaiser Family Foundation, would be that it could create a question over the viability of the exchanges.

"The biggest question for everyone is 'How does this change the game?'" Cox, a researcher at the nonpartisan firm, told Business Insider. "What this says about the exchanges more broadly could have more effects on the market down the road."

How the future of the it plays depends on three groups: insurance companies outside of United Health, possible enrollees, and politicians. While Cox said it's hard to calculate the exact moves of these groups, in the end the viability of the law probably isn't in question.

"There are some signs that [Obamacare] is going to be sticking around for awhile," said Cox.

*Insurance companies*

The biggest long-term fear after the United Health departure is that other insurers would also exit the exchanges, leaving little competition and making the exchanges incredibly unattractive for consumers.

"It's obviously symbolic for United to exit the exchanges," said Cox. "Their withdrawal raised the question of whether or not other companies were going to drop out."

Based on the response immediately following the exit, however, Cox doesn't se any other businesses ditching the ACA.

Other large insurers such as Cigna and Anthem expressed their commitment to the marketplace. Centene, which covers more than 10 million nationwide, is actually going to invest further into the programs after making a solid profit from the exchanges.

"Even a smaller insurer like Wellcare is possibly getting into exchanges in places like Iowa now that United is out," said Cox. "It's almost like one door closing and a number of other doors opening in terms of insurance companies."

Even United Health itself may come back to the exchanges according to Cox. One of the biggest problems was that the company was offering higher cost plans in the exchanges, which are very sensitive to price. 

"It may be that United takes a year or two to re-do their model and the re-enter after they develop lower cost, competitive plans," said Cox.

Strike doom and gloom for insurance companies off the list.

*Everyday Americans*

The second domino that is concerning is the possibility that fewer people see the exchanges as a real option.

Enrollment numbers are already underwhelming, and the worry is that even more people won't enter the exchanges since there will be fewer options after United Health departs..

"One possible thing to consider is that enrollment isn't getting to its targets already," said Cox. With undershot enrollment already and possible discouragement, this could make the exchanges less profitable for companies, causing them to pull out like United Health.

Or as Larry Levitt, a Senior Vice President at Kaiser, wrote in a recent blog post:

Aside from investors, few people are likely to shed tears over insurance companies losing money.But they should, since the availability of affordable insurance is key to the success of the marketplaces and the ACA more generally. Unlike UnitedHealthcare, the health insurance marketplaces are core markets for these BCBS plans, so they’re likely to stick around. However, the losses suggest that bigger premium increases may be coming for 2017

The thing is, United Health only insures a little over 700,000 of the 10 million people on the exchanges, and is not in a large number of markets. Also, a large majority of areas still have three or more insurers to choose from.

In terms of the low existing enrollment, Cox believes that a combination of continued outreach by the government and private companies along with a little financial pain will spur more sign ups.

"The full penalty from the mandate hasn't hit yet," said Cox. "It won't be until this year that people will pay the full penalty for not having health insurance, and even then it doesn't show up until their taxes in 2017 after the enrollment period is over."

Even analysts at Citi believe that the penalties and other incentives to sign up will drive enrollment, and say it could be a "profitable end market" for many insurers.

*Politicians*

The real x-factor here is the political risk.

Republicans have been clamoring for a repeal to Obamacare almost as soon as it was passed, and with an election on the way it is only going to get louder.

"There's certainly a political risk there," said Cox. "About half the country supports it as a law, and with the election is it sure to be a topic of conversation."

In the back pocket of President Obama and Democrats, however, are recent Supreme Court victories holding up various parts of the law. That means in order to overturn the law, Republicans would need to pass a bill and hope for a Republican victory in the presidential election in order to not receive a veto.

The risk there depends on how you forecast of the voting in November. 

In the end, Cox concluded that so far the ACA has accomplished a significant number of its goals.

It's been through stumbles, so it's too soon to say it has been a resounding success," said Cox.

And with that, outside of political risk, it is unlikely the exchanges or Obamacare are going away anytime soon.

Concluded Cox, "A lot of the concern over the end of the law has been exaggerated."

*SEE ALSO: This is the cost impact of the nation's largest insurer leaving Obamacare*

Join the conversation about this story »

NOW WATCH: FORMER GREEK FINANCE MINISTER: The single largest threat to the global economy Reported by Business Insider 20 hours ago.

Can Clinton Really Fix the Glitch?

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*How changing the definition of "affordable" would leave employees--and employers--in a lurch*

Hillary Clinton has made fixing the "family glitch" part of her presidential healthcare platform, but she doesn't outline a plan for solving the Affordable Care Act quirk that leaves millions of people unable to access health insurance subsidies.

There are only a few conceivable ways that the issue could be resolved, and each comes with its own consequences. Before digging into solving the "family glitch," let's cover exactly what it is.

*What is the "family glitch"?*

The "family glitch" issue centers around affordability, and who is deemed eligible to receive subsidies for health insurance purchased on the exchange.

It works like this--health insurance subsidies are not available on the exchange to people who have affordable insurance at their jobs. Whether a plan is considered 'affordable' is based on the cost of the "employee only" coverage tier of the least expensive plan option.

If the cost for "employee only" coverage is less than 9.66 percent of the employee's household income, the plan is considered affordable. When that is the case, neither the employee, his or her spouse nor their children can access subsidies on the marketplace.

This means that even if the cost of the "employee + family" coverage tier is really expensive, the spouse and children still are not eligible for subsidies.

This is what Clinton refers to as the "family glitch."

*Example of the "family glitch"*

Let's look at an example to help clarify this a bit further.

John and his wife Jane have a household income of $60,000. John has access to health insurance at his job at ACME Construction, and for "employee only" coverage, it costs $1,800 per year. This is 3 percent of his household income, so the federal government considers it "affordable" coverage. This means John's family is not eligible for subsidies on the marketplace.

But Jane works part-time and doesn't have access to health insurance at her job, so John's plan covers her and their two children as well. The cost of the family plan is $12,000 per year -- 20 percent of their household income.

Jane and the kids are not able to access cheaper coverage because the government doesn't look at the cost of family coverage in determining affordability. They are caught in what Clinton calls the "family glitch."

*Possible Solution Number One*

One way to fix the family glitch would be to simply change the barometer of affordability, and base it on the full cost of the family plan.

This was the idea of a bill proposed by Senator Al Franken, called the Family Coverage Act. It would have changed the definition of affordable coverage, but the bill died in Congress in 2014.

Had it passed, it would have opened up more families to subsidies and by doing so, would have triggered more penalty payments from employers.

Why is that? Because employers with more than 50 employees are required by the ACA to provide affordable coverage or pay a fine. If the IRS used the cost of family coverage to determine what is "affordable," many more plans would be considered unaffordable, and more employers would have to pay the fine.

The government made a big deal of promoting the fact that most employers would not be subject to fines. Fixing the glitch in this way would change that. It seems unlikely that our next president would choose to do something that would cause massive new penalties for our country's employers. That leads us to possible solution number two.

*Possible Solution Number Two*

To improve access to subsidies without changing the definition of "affordable," the government would have to change the rules that govern subsidy eligibility.

One way to do this would be to allow some family members to access subsidies even if one family member has access to affordable coverage at work. Families can already have two or more health plans, but allowing multiple subsidy determinations in one family could maintain employer coverage for Mom or Dad while still helping the spouse and kids who are currently caught in the family glitch.

Let's use our previous example to explain how this would work. John could drop family coverage, just choosing the "employee only" coverage tier through his employer. Jane and their children could access subsidies for cheaper insurance on the exchange. If they were eligible for enough in subsidies, the cost of marketplace insurance and John's workplace plan could be less than the $12,000 they currently spend on a family plan.

There are a few problems with this solution. One is that it would discourage employers from paying anything towards coverage tiers other than "employee only." The other is that the resulting increase in the number of people eligible for subsidies would be extremely costly for the government.

Either approach to fixing the family glitch will have consequences. If the government decides to change how affordability is determined, there could be a massive dropping of plans from the nation's employers. But allowing families to access both workplace insurance and subsidies would be drastically more expensive.

That's why--for now at least--the family glitch is likely to remain just as it is.

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 19 hours ago.

Tech, health stocks lead U.S. markets retreat

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U.S. stocks are skidded Friday as technology companies absorbed big losses for the second day in a row. Health care companies fell after weak first-quarter reports from drug and health insurance companies. Markets in Europe also took hefty losses. Reported by San Jose Mercury News 17 hours ago.

Parasail Health Startup Closes Major Seed Round

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With investments by Peter Thiel and Montage Ventures, new health-tech startup is poised to launch -- helping patients finance medical expenses.

Palo Alto, California (PRWEB) April 29, 2016

Parasail Health Inc. has closed their seed funding round with the support of investors including Peter Thiel and Montage Ventures.

With this funding, Parasail Health will offer consumer loans to help patients finance the cost of their deductibles and other out-of-pocket medical expenses. Offering interest rates typically lower than what a patient could qualify for with a credit card, Parasail is positioning itself as an advocate for patients.

In recent years high-deductible health plans (HDHPs) have grown to over 20% of employer-provided health insurance plans according to Kaiser Family Health Foundation. This number is expected to skyrocket as employers cope with rising premium costs.  As the percentage of people with high-deductible insurance has grown, wages have remained stagnant and an increasing number of patients are unable to cover their out-of-pocket expenses.

In a recent Marketplace/Edison Research poll, 58% of respondents reported they would have difficulty coming up with $1000 to pay for an unexpected expense. The burden of collecting these medical bills falls on doctors, who already only collect about half of total amounts billed. Parasail Health offers reasonable financing and effortless collections at a time when the demand for both is growing exponentially.

“One of the most crucial innovations that needs to happen in health care is in its financing. Until now, the resources for patients has not kept pace with the innovation in treatment. We are making that change,” said Parasail Health CEO Adam Tibbs.

With the support of Paypal co-founder and venture capitalist Peter Thiel and previously committed Montage Ventures, Parasail Health is uniquely positioned to address the problem of patients being forced to choose between their health and financial ruin.

"Parasail exists to solve one big problem: people should not be going bankrupt in order to get healthcare," said investor Phin Upham, who is joining Parasail's board.

About Parasail Health:
Parasail Health helps doctors and patients focus on treatment instead of payment by offering a suite of products that make medical bills affordable for patients and get doctors paid right away. With affordable patient loans, a simple and intuitive application process and clear estimates of out-of-pocket costs, patients are empowered to make the right decisions for their health. They can get needed treatment immediately even if they have high deductibles. Parasail provides doctors with secure and predictable revenues so they can focus on healing by paying them right away with no risk if the patient defaults on their debt. Parasail’s mission is to humanize the health care system by putting the needs of doctors and patients first. It’s time to focus on what matters. Reported by PRWeb 18 hours ago.

The Long-Distance Rebound of Bernie Sanders

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Senator Bernie Sanders has come a long way without other people's advice. The progressive lone ranger is now leading in the polls nationally as the preferred candidate to defeat Donald Trump--ahead of Hillary in that matchup.

Now, however, Bernie Sanders is facing the verdict of closed primaries in many states which bar independent voters from voting for any of the Democratic or Republican candidates. Pointedly, Senator Sanders won only one of the five states with primaries on April 26, 2016: Rhode Island. Why? Because that state has an open primary allowing independent voters, heavily pro-Sanders, to carry him to victory.

Had the other closed primary states--Pennsylvania, Maryland, Delaware, Connecticut and earlier New York--held open primaries, he would likely have defeated Hillary Clinton as Obama defeated Hillary in 2008. Sanders would also have the possibility of changing the minds of many permanent superdelegates.

Chalk up another blockage of the people's will to the state laws obstructing the rights of voters and insurgent candidates. Twenty states have open primaries, presumably to increase voter choice and turnout, and to justify having taxpayers pay for the primaries of private political parties.

Now, Bernie Sanders has some agonizing choices to make as a trustee for millions of voters, especially young voters, who rallied to his and their agenda for a more just society. He has pledged to support the Democratic Party nominee for president which is likely to be Hillary Clinton, barring the revelation of old scandals or the release of secret transcripts of her speeches to closed-door business conferences that paid her $5000 a minute!

When he goes to the Democratic Convention this July in Philadelphia, he will undoubtedly want to reform the Party platform and expel the influence of un-elected superdelegates, such as members of Congress, and Party leaders, who wield voting powers without receiving any primary votes. The superdelegates scheme was cooked up to avoid "weak candidates" or any bottom-up "revolts" against the Party establishment and their ever-present consultants. He will lose this demand.

The Sanders contingent will want to have their proposals for a $15 minimum wage, tuition-free public colleges and universal health insurance (single payer) adopted in the Party platform. These and other highly popular Sanders reforms, including a Wall Street speculation tax, will be strenuously opposed by the business-as-usual delegates. Party regulars don't want a "political revolution" or a bold progressive in their platform.

Sanders will not get far on the platform, much less tying any words on reform to promises by Hillary Clinton to send implementing legislation to Congress. The Clintonites will try to assuage Sanders with a prime-time speech to the Convention. Do you remember any former prime time speeches?

Thus, the Sanders movement is confronted with utter dissipation and disappointment at the Convention, where the victorious vanquish the runner-ups with arms locked and hands raised high on the convention stage. Following this display of party unity, the vanquished are expected to retire to the shadows and take their orders for forthcoming full-throated campaigning for the nominee.

This falling off the cliff must be resisted by Sanders or he risks large-scale withdrawal, disappointment and cynicism by the supporters of his scandal-free candidacy with the resounding message against the "billionaire class". The question is how?

Here is my suggestion. The Sanders movement should organize a massive demonstration in August or September on the Mall in Washington, DC, preceded and followed by a series of mobilizing workshops on his campaign redirections and reforms to advance our country. The rally would champion the issues that the major parties should take heed of and run on, since many of them have left/right support.

The rally should pass the buckets to raise donations for establishing immediately an office in Washington to press forward with the event's momentum but not specifically endorse any of the two major party candidates.

Then, regional rallies and workshops around our country could lead to the creation of a political force with specific agendas which candidates for all offices - local, state and federal - may wish to adopt.

Clearly the two parties, imprisoned by corporatism, corporate cash and the war machine and laced with exclusionary electoral practices and rules that entrench their status quo, bring out the worst from our nation. These parties have to be taken over by energies of fair play for people or replaced with viable third parties.

Earlier this month, there were well-organized civic demonstrations and non-violent civil disobedience that led to many hundreds of arrests outside of Congress and other locations. They were organized by two groups - Democracy Spring and Democracy Awakening - and supported by many civic and labor associations. They represented new momentum for the public interest or what a functioning democracy must be all about. Right now, Bernie Sanders is the man of the hour. Before the spotlight moves on, he needs to use the enthusiastic political capital he and his colleagues have amassed to lay the foundation for fundamental progressive change rooted within the local communities of America.

Now is the time, Senator Sanders. Seize the moment!

-- This feed and its contents are the property of The Huffington Post, and use is subject to our terms. It may be used for personal consumption, but may not be distributed on a website. Reported by Huffington Post 13 hours ago.

The IHC Group Announces Strategic Alliance between Aspira A Más and Health Family Insurance

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Full service general agency expands product line-up to include IHC’s affordable health insurance solutions that bridge the gaps in Obamacare plans

Miami, FL (PRWEB) May 05, 2016

The IHC Group announced today that Aspira A Más, its Hispanic sales and marketing division, and Health Family Insurance (HFI) have established a strategic distribution alliance that will increase the general agency’s product portfolio with a suite of much-needed insurance options for Hispanic communities.

A full service national general agency founded in 1996, HFI is headquartered in Miami Lakes, Florida with health, life, and property and casualty divisions, making it one of the largest and most diverse agencies in the country.

“With over 900 independent advisors in their Health Division alone, this is a wonderful opportunity for like-minded companies to come together to achieve our common goal: to provide access and guidance to Latinos about health insurance that will protect their most valuable asset- their family’s well-being,” said Javier Tejeda-Vera, Vice President of Sales and Marketing for Aspira A Más.

Through the new alliance with Aspira A Más, HFI can now offer budget-friendly health insurance solutions to their thousands of consumers to meet their individual or family needs for:· Metal Gap, a supplemental insurance that bridges the gap in coverage with ACA plans
· Short Term Medical
· Critical Illness
· Dental
· Telemedicine

“We strive to be pioneers in the ever evolving competitive insurance environment and specialize in the hard-to reach Hispanic market. And we recognize the same excellence we strive for in Aspira A Más,” commented Raul Sahagun, Vice President of Health Sales for Health Family Insurance. “In the last two ACA Open Enrollment Periods, our team achieved 200,000 Obamacare policies. Also, we are very excited to offer our loyal customers additional health insurance products that will not only protect them financially, but also help them be smarter in managing their health spending.”

Aspira A Más (“Aspire for More”), a marketing division of IHC Specialty Benefits, which is a member of The IHC Group, is dedicated to serving and creating professional career opportunities for Hispanics along with essential major medical and ancillary health insurance products.

For more information on Aspira A Más, please contact Javier Tejeda-Vera at Javier.Tejeda-Vera(at)ihcgroup.com, visit us at http://www.AspiraAMas.com and follow on @AspiraAMas on Twitter, Facebook and Instagram for latest updates. Information on Health Family Insurance is available at http://www.healthfamilyinsurance.com or 1-888-206-9133.

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About The IHC Group
Independence Holding Company (NYSE: IHC) is a holding company that is principally engaged in underwriting, administering and/or distributing group and individual disability, specialty and supplemental health, pet, and life insurance through its subsidiaries since 1980. The IHC Group (including through its 92% ownership of American Independence Corp. (NASDAQ: AMIC)) owns three insurance companies (Standard Security Life Insurance Company of New York, Madison National Life Insurance Company, Inc. and Independence American Insurance Company), a majority of Ebix Health Administration Exchange, Inc., a fully insured third party administrator, and IHC Specialty Benefits, Inc., which is a technology-driven insurance sales and marketing company that creates value for insurance producers, carriers and consumers (both individuals and small businesses) through a suite of proprietary tools and products (including ACA plans and small group medical stop-loss). All products are placed with highly rated carriers.

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About Aspira A Más:
Aspira A Más is a sales and marketing division of Independence Holding Company (NYSE:IHC) that is dedicated to serving the Hispanic community. Aspira A Más is a part of The IHC Group, whose carriers are rated A- (Excellent) by the AM Best Company, Inc. Aspira A Más offers qualified producer candidates with performance-based enthusiasm and commitment to the professional support they need to be in business for themselves. Learn more about the Aspira A Más opportunity by visiting http://www.AspiraAMas.com, and come join us!

About Health Family Insurance:
Health Family Insurance is a full service national general agency founded in 1996 by Fernando Espinosa. Health Family Insurance is headquartered where it was founded in Miami Lakes, Florida and has corporate offices in Dallas Texas and Los Angeles California. Our organization represents over 50 nationwide carriers of products and services in three main divisions: health, life, and property and casualty, making us one of the largest and most diverse agencies in the country. Our commitment and mission is to provide agents access to innovative training and education, highest compensation in the market and above all a trusted partner to ensure long term financial success and personal growth. Few agencies can match our service excellence and longevity of 20 successful years in the industry.

Forward-looking Statements
Certain statements and information contained in this release may be considered “forward-looking statements,” such as statements relating to management's views with respect to future events and financial performance. Such forward-looking statements are subject to risks, uncertainties and other factors that could cause actual results to differ materially from historical experience, from estimates or from future results expressed or implied by such forward-looking statements. Potential risks and uncertainties include, but are not limited to, economic conditions in the markets in which IHC operates, new federal or state governmental regulation, IHC’s ability to effectively operate, integrate and leverage any past or future strategic acquisition, and other factors which can be found in IHC’s other news releases and filings with the Securities and Exchange Commission. IHC expressly disclaims any duty to update its forward-looking statements unless required by applicable law. Reported by PRWeb 2 days ago.

The MAP Recovery Network Welcomes Enlightened Solutions to its Expanding Membership

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MAP Recovery Network members access a specific technology platform that provides the ability to extend the care continuum and improve long-term clinical outcomes

Egg Harbor City, NJ (PRWEB) May 05, 2016

MAP Health Management, LLC, facilitator of the MAP Recovery Network Behavioral Health Population Management Platform, announced today that Enlightened Solutions has joined the Premier Outcomes-Driven Provider Network. By becoming a member, Enlightened Solutions will have the ability to optimize the care continuum for their patients being treated for substance use.

Enlightened Solutions was founded by three individuals with personal experience in addiction and recovery and are passionate about helping their clients achieve long lasting recovery. They take a holistic and multidisciplinary approach to addiction treatment and focus on healing the whole person with a treatment team that possesses a deep understanding of the nature of addiction.

Jennifer Hansen, one of the Founders of Enlightened Solutions, is motivated to improve the lives of those battling the disease of addiction. “We encourage our clients to broaden their focus and explore how they are creating every aspect of their lives and this goes beyond in-house treatment. With the MAP Recovery Network Platform, we will be able to keep our clients engaged following treatment as they transition to long-term recovery. It is a very exciting time for our field as we have begun to recognize how extended care is essential to overcoming this disease”, stated Hansen.

The field of addiction treatment is transitioning to a value-based care model and quality addiction treatment providers recognize that comprehensive solutions are needed in order to face the demands of health insurance providers and the increasingly savvy healthcare consumer. MAP Recovery Network members can license and utilize a specifically designed platform to gain significant visibility into patient populations, conduct risk assessments, increase patient engagement when necessary, and ultimately improve treatment outcomes. The ability to improve clinical outcomes leads to decreased expenses which equates to improved value for everyone.

“We know that addiction has reached epidemic proportions in this country and changes to the system had to be made”, commented Jacob Levenson, CEO of MAP Health Management. “MAP has designed a comprehensive platform that effectively addresses the challenges that treatment providers face. The future of behavioral health involves the aggregation of data and extending the care continuum. Our providers have begun to collect and demonstrate their outcomes which will lead to improved rates of treatment success. We are excited to welcome Enlightened Solutions to the MAP Recovery Network”.

Recently, MAP announced its plans to add 1,200 professional counselors to the Recovery Network, a step that will give its members additional post-treatment options. By utilizing the resources in MAP’s platform, Enlightened Solutions is well-positioned to offer the quality treatment they are known for while improving upon the overall client experience.

About Enlightened Solutions
The treatment team at Enlightened Solutions is deeply attuned to the challenges faced by the recovering addict, and provides compassionate therapy in a comfortable, soothing environment. The staff believes that when it comes to treating a disease as complex and all-encompassing as addiction, therapies specially designed to heal the spirit are just as important as traditional medical and psychological modalities. The multidisciplinary and holistic approach that Enlightened Solution is committed to utilizes a wide variety of treatments and solutions ranging from the clinical to the spiritual, all of which foster empathy, human connection, and inner peace. Additional information can be found at http://www.enlightenedsolutions.com.

Enlightened Solutions
501 Tilton Road
Egg Harbor City, NJ 08215
609-270-5050

About The MAP Recovery Network
The MAP Recovery Network, The Premier Outcomes-Driven Provider Network, is comprised of quality addiction treatment providers committed to measuring outcomes data. MAP Network members differentiate themselves to behavior healthcare consumers and health insurance payers by demonstrating treatment success rates. MAP’s dedicated teams of research analysts, clinical directors, recovery advocates, technology professionals and billing experts work to improve patient outcomes, empower treatment providers with data, reduce costs and drive facility revenue. For more information, see http://www.ThisisMAP.com. Reported by PRWeb 2 days ago.

Simple New Way To Combat Arthritis Pain, Online

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For National Arthritis Awareness Month: Online exercise therapy available 24/7

Fremont, CA (PRWEB) May 05, 2016

When stiff and achy joints are the problem, exercising may not seem like an intuitive activity to alleviate the pain that’s a common osteoarthritis (OA) symptom. Yet, numerous clinical studies point to exercise as highly effective in improving pain and function in people with arthritis.

“Physical therapy exercises are commonly prescribed to individuals with osteoarthritis as a conservative pain treatment option,” says Dr. Navin Mallavaram, a practicing pain management specialist in the San Francisco Bay Area.

“We’ve heard from hundreds of our users that being able to follow SimpleTherapy’s guided video exercise therapy programs from home is a huge advantage,” says Helena Plater-Zyberk, Chief Executive Officer, SimpleTherapy. “When pain makes everyday activities like getting into a car difficult, the ease is highly compelling. You can be skyping with grandkids one minute and clicking to start a therapy program online the next. It’s seamless.”

One in four adults over the age of 60 suffer from symptoms of osteoarthritis, over 27 million Americans total. Osteoarthritis alone accounts for nearly a quarter of all primary care doctor visits each year.

“The holy grail of arthritis treatment is the ability to regenerate cartilage. Until technology such as 3D printing can achieve this feat, appropriate exercise therapy for the treatment of arthritis remains an effective alternative,” says Dr. Tae Won Kim, SimpleTherapy co-founder and Chief Research Officer, as well as a practicing orthopaedic surgeon.

“The pain in my hands was to the point that I had problems folding clothes. I couldn’t grip a pencil,” describes SimpleTherapy user Kathleen Hagenah from Edina, Minnesota.

“What we’ve done is listen to patients to create an option for video guided self-treatment that requires no inconvenient doctor visits or copays, and is easy to follow at home,” says Dr. Nic Gay, SimpleTherapy co-founder and Chief Medical Officer, as well as a practicing orthopaedic surgeon in the San Francisco Bay Area. “SimpleTherapy follows the protocols of hundreds of clinical studies showing that low-impact exercise therapy is one of the most effective means to combat osteoarthritic pain in joints like the knee, hip, and hand.”

Hagenah continues, “I discovered SimpleTherapy online. Doing the exercises on my bed made it so much easier. And the recovery was so much faster. Because of SimpleTherapy, I am able to do everything that I want to do, and I am pain free.”

Arthritis sufferers can sign up for SimpleTherapy’s pain recovery programs at http://www.simpletherapy.com at the rate of just $15 per week for unlimited access to as many sessions as useful. Once 12 weeks are purchased, the whole rest of the year is free.

Visit http://www.simpletherapy.com for more information.

About SimpleTherapy, Inc.

SimpleTherapy is the world’s only fully online alternative to traditional physical therapy.
Its personalized pain recovery system can address pain from 80 percent of all types of musculoskeletal pain and physical therapy prescriptions, head-to-toe, using its adaptive, online sequence of 15 minute video-guided sessions that are personalized for each user. After just three sessions, 65 percent of users report diminished pain. Two of the largest five nationwide health insurance companies already partner with SimpleTherapy to offer members online exercise therapy through dedicated online portals. Numerous large self-insured employers will also offer SimpleTherapy to their employees as a digital healthcare option in 2016. For more information, call us at 1-800-644-2478, or email us at info(at)simpletherapy(dot)com.

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Media Contact:
info(at)simpletherapy(dot)com
1-800-644-2478 Reported by PRWeb 2 days ago.

AgencyBloc Integrates with Employee Navigator

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Greater Efficiency for Insurance Agencies and HR Professionals in Benefits Enrollment, Policy Management, and Commissions Processing

Cedar Falls, IA (PRWEB) May 05, 2016

AgencyBloc, an agency management system/CRM and commissions processing software provider built specifically for life and health insurance agencies, is now integrated with Employee Navigator, a benefits, HR, and compliance software provider. The two companies prioritize workflow efficiency for their clients through the use of user-friendly software and are enthusiastic about bringing this integration to the insurance industry.

The integration will, in short, create a pathway for group and policy information from Employee Navigator to automatically import into AgencyBloc.

“This partnership offers another way for agencies to maintain their competitive advantage by maximizing efficiencies. Moving group and policy information automatically from Employee Navigator to AgencyBloc will save time, prevent data-entry errors and allow users to stay focused on servicing clients and managing the agency,” says Adam Lewis, President of AgencyBloc.

Through this integration, AgencyBloc and Employee Navigator aim to simplify benefits enrollment, policy management and commissions processing. With the integration, agencies will benefit from:· The elimination of re-keying information; group records and policy records from Employee Navigator are posted directly into your AgencyBloc account
· Maximizing renewals by creating email campaigns and automated workflow for groups within AgencyBloc
· Identifying cross-selling opportunities through reports and analytics within AgencyBloc
· Processing commissions on policies brought over from Employee Navigator within AgencyBloc

“We couldn’t be more excited to announce this partnership with AgencyBloc. As we continue our work to build the premiere benefits, HR and compliance software for brokers of all sizes, we expect AgencyBloc to be an important part of that vision. Now brokers have access to a robust set of tools to manage their agency as well as all of the client-facing technology they need to grow their business in one place,” said George Reese, President and CEO of Employee Navigator.

AgencyBloc and Employee Navigator work together to streamline HR and insurance agency processes from plan enrollment to policy management. To learn more about the integration, click here.

To learn more about effective policy management and increasing productivity within your agency, see this eBook.

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About AgencyBloc: AgencyBloc helps life and health insurance agencies grow their business by organizing and automating their operations using a combination of an industry-specific CRM, commissions processing, and integrated marketing automation. For more information, contact AgencyBloc at 866-338-7075 or info(at)agencybloc(dot)com.

About Employee Navigator: Employee Navigator is one of the fastest growing SaaS-based benefits and HR platforms in the United States. The platform provides brokers and their clients with a single place to manage everything from new hire onboarding and online enrollments to ACA Reporting and time off tracking. Employee Navigator’s highly customizable software is currently being used by some of the nation’s leading insurance brokers, TPA’s and carriers. For more information, contact Employee Navigator at 301-583-5180 or sales(at)employeenavigator(dot)com. Reported by PRWeb 2 days ago.

Survey: Affordable Care Act pushes growth in gig economy

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Close to 75% of employers plan to hire freelancers this year to avoid providing health insurance under the Affordable Care Ac -More-  Reported by SmartBrief 2 days ago.
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