Home | About Us | Contact Us
 

March 2011

March 10, 2011 by  
Filed under Newsletter

A Riddle: What is Supported by the House, Senate and President Obama, Yet Still Going Nowhere?
If you answered legislation to repeal the new 1099 reporting requirement on U.S. businesses included in PPACA, you're a winner! Unfortunately, for business owners, the prize is just another month of worrying about how you're going to account for the new requirements.

A Riddle: What is Supported by the House, Senate and President Obama, Yet Still Going Nowhere?

 

 
Big Biz Says Dropping Insurance Isn't All It's Cracked Up to Be
Whether an employer continues to offer health insurance once state-run insurance exchanges take effect in 2014 will largely depend on the size of the employer, according to a survey by Mercer. Several factors are likely to play into an employer's decision including; tax status, penalty levels and subsidies. While the state of Oregon is generally ahead of other states in the formation of our exchange it is, as yet, unclear how this will play into an employer's decision to offer coverage.

Big Biz Says Dropping Insurance Isn't All It's Cracked Up to Be

 
 
Free Care at Oregon Hospitals Tops the Charts
Oregon hospitals are feeling the crunch of lower reimbursement rates, a shrinking commercial insurance market and a spike in uncompensated care. Here are some of the findings presented in the 2010 report:
-The commercial insurance market shrank by more than 3% in 2009, as businesses have been forced to downsize their workforce in response to declines in the economy.
-Government-sponsored health insurance increased in a nearly proportionate amount, almost 3%. Now, more than 54% of the patients coming through hospital doors are enrolled in Medicare and/or Medicaid, further exacerbating the cost pressures on the commercial market.
-Annual statewide uncompensated care surpassed $1 billion for the first time, reaching a total of $1.2 billion in 2009. This is a $219 million increase over 2008, a 22% increase year over year.
-Operating margins statewide only grew less than 1% (0.61%) in 2009. This reflects the reduction in workforce and service lines many hospitals enacted over the last 12-month period.
-By year's end, 35% of Oregon's acute care facilities had negative operating margins.

Free Care at Oregon Hospitals Tops the Charts

 
 
 
Larry Sherwood & Associates provides benefits consulting & insurance services to over 300 companies just like yours.

Comments

Comments are closed.