House Moves to Defund Fiduciary Regulation; Litigation Proceeds
A House appropriations bill takes another shot at the Labor Department’s fiduciary rule. The legislation includes a new provision prohibiting enforcement of the ‘Fiduciary’ rule.” Meanwhile, one of the last lawsuits brought challenging the fiduciary regulation looks like it will be the first to get a hearing.
How Would HSAs Change Under the GOP's ACA Alternative Plan?
In addition to a plan to repeal the ACA, Republicans have also announced proposals to improve health savings accounts and how individuals choose to fund them. Ed Fensholt, director of compliance services for Lockton Companies, discusses some of the potential changes Republicans seek to make, should presumptive GOP nominee Donald Trump win the presidential election against the Democrats’ presumptive nominee, Hillary Clinton.
Obama Administration Issues Misleading Report on Obamacare Deductibles
On July 12, the Department of Health and Human Services issued an analysis of Affordable Care Act exchange plan deductibles. Because the analysis presents data in a misleading way, it draws inaccurate conclusions about the current status of the ACA. This short post provides readers with key missing pieces.
Kentucky Workers Increasingly Choosing High-Deductible Health Plans
As of 2014, 38.6 percent of Kentucky workers were enrolled in high-deductible health insurance plans, up from 6.6 percent in 2006, according to a report released by the Foundation for a Healthy Kentucky. Most of the state’s nearly 94,000 kynect enrollees also have chosen plans with high deductibles.
In a bid to offer its employees more affordable health plans, Starbucks said it plans to cut certain benefits and offer less comprehensive insurance options. Starbucks CEO Howard Schultz said July 11 the company will begin offering employees low-cost, less-comprehensive insurance plans in addition to more substantial coverage plans. The company has yet to specify which services it will discontinue.