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New York City Retirees Brace for Switch to Medicare Advantage
Starting in January 2022, over a quarter million former New York City government workers and their dependents are set to be shifted off Medicare and on to privatized health insurance. Mayor Bill de Blasio and the Municipal Labor Committee, which represents retired New York City employees, announced the move in mid-July, following several months of scrambled protest from bewildered retirees. The plan has been cast as a necessary measure to rein in mounting health care costs and reduce strain on the city’s budget. While public sector retirees in New York City are currently insured by Medicare, the federal government’s program
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Analysis: A City divided? London tackles Brexit with twin-track finance
Twin-track rules to underpin City of London revamp Wholesale a priority after euro shares move to Amsterdam Banks say tax and hiring also key to City’s future LONDON, Sept 2 (Reuters) – High in the skyscrapers that have taken root in its warren of medieval streets, City of London grandees are plotting a post-Brexit regulatory revamp to rival New York. The City, as London’s traditional financial heartland is known, has retained little direct access to the European Union financial market since Britain fully left the bloc in December. And with little sign of that changing, Britain is now rewriting inherited
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City of Greenville launches marketing initiative, #youcangreenvillesc
The city of Greenville unveiled its brand-new national marketing initiative Thursday morning in a move to encourage entrepreneurs and executives to launch, grow and maintain their businesses in the city and greater Greenville County. Modeled after the “YeahTHATGreenville” marketing initiative and developed hand-in-hand with local business owners and economic development groups, “From Here You Can Change the World” will promote the city’s “ambitious, collaborative” entrepreneurial nature, Mayor Knox White said Thursday. “From Here You Can Change the World” seeks to capitalize on Greenville’s reputation as a thriving destination of choice, according to a press release. The pitch aims to have
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Mark Farrah Associates Assesses Private-Sector Health Insurance Business for the New York City Area
MCMURRAY, Pa., July 28, 2021–(BUSINESS WIRE)–Mark Farrah Associates (MFA), www.markfarrah.com, presents an analysis of the top insurers and employers in the New York City area, gleaned from 5500 Employer Health Plus, a product designed to simplify the analysis of the 5500 series data. Large private-sector employers providing health and welfare benefit plans subject to ERISA are required to file the annual Form 5500 with the Internal Revenue Service. Benefit information found within the 5500 Series filings includes insurer-reported figures such as insured counts, premiums, as well as some employer/sponsor and broker information. The top insurers
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Kansas City insurance provider: COVID test lab is price gouging
A major Kansas City health insurance provider is accusing a medical laboratory of price gouging for COVID-19 tests, charging roughly 10 times more than other companies. Blue Cross Blue Shield of Kansas City filed a federal lawsuit Wednesday in the Western District of Missouri seeking a declaratory judgment that would prevent the insurance provider from having to pay for testing done by the company, GS Labs. Blue Cross Blue Shield announced the lawsuit in a statement Wednesday, saying the company is “not working with us in good faith.” GS Labs is based in Omaha, Nebraska. The company says on
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Birmingham City Council’s financial management praised in CIPFA report
Birmingham City Council’s improvements in its financial management have been described as ‘exemplary’ in a new report from the leading professional institute for local government finance. An independent report from the Chartered Institute of Public Finance and Accountancy (CIPFA) is based on a review of financial management capability against CIPFA’s five-star model. It ranked the council as a three-star authority, up from the one-star rating awarded in July 2019 and delivered a year ahead of schedule. The latest review, carried out in April and May 2021, stated: ‘Over the last two years, the core finance function at Birmingham has moved
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City launching business development, expansion grant program
City Hall (Kara Crest, MyGrandePrairieNow.com staff) City councillors hope a new business retention and development initiative will help boost investment in the municipality. Mayor Jackie Clayton says the New Business Development Grant includes a trio of incentives and two grants which help support investment in not only industrial, but commercial, and residential areas throughout the city. “This is of significant size, it’s not a facade improvement, it’s not a small scale development, it’s a significant size of developments in our region that it would support,” she says. The New Business Development Grant will offer up new businesses with a construction
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Grove City Area Chamber of Commerce Farmers Market back in business
The Grove City Area Chamber of Commerce Farmers Market’s 2021 season began May 15 with organizers and vendors looking forward to a more normal year as COVID-19 restrictions begin to ease. “It will be nice to be mostly worried about Mother Nature cooperating,” chamber executive director Shawn Conrad said. That wasn’t a problem May 15. “It was a beautiful day,” Conrad said. “We had about 850 visitors to the market, which is about double what we would normally see. “I think part of it was the weather, but people were also just excited about having some kind of return to
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