NEW YORK (Reuters) – American companies are sending shockwaves through the healthcare industry by moving a rapidly growing number of employees onto privately run online exchanges for their medical coverage.
In a business already bracing for major change because of President Barack Obama’s healthcare reforms, the decisions are threatening to shift more power in the market to the benefit consulting firms opening many of the exchanges.
Sept 16 (Reuters) – Investors expect 4 million Americans to
initially enroll in the state insurance marketplaces created
under President Barack Obama’s Affordable Care Act, according to
a survey released on Monday, as concerns mount that technical
glitches could present obstacles to enrollment.
The expectations of the investors – hedge funds,
institutional clients and other investors surveyed by Citigroup,
56 in total – fall far short of a Congressional Budget Office
forecast that 7 million Americans will seek subsidized health
coverage through the online exchanges. Starting on Oct. 1,
Americans have six months to enroll for coverage in 2014.
Sept 12 (Reuters) – Employers will not face a penalty if
they fail to inform their workers by Oct 1 about changes under
President Barack Obama’s healthcare law, the administration
said, in what will likely come as a relief to many small
The federal government is requiring businesses to notify
employees about the new health insurance marketplaces created by
the law that are set to start enrolling millions of Americans
beginning Oct 1.
NEW YORK (Reuters) – Investors in U.S. hospital companies are counting on the Obama administration to pull off its national healthcare reform for 2014 to drive earnings growth, but a series of delays to the program has some questioning how strong the launch will be at its start.
The stakes are particularly high for hospital operators, whose financial performance has been weighed down by poor and uninsured patients being unable to pay their bills. The healthcare law aims to expand health coverage to millions more Americans, who will be able to sign up beginning on October 1.
NEW YORK, Sept 9 (Reuters) – Investors in U.S. hospital
companies are counting on the Obama administration to pull off
its national healthcare reform for 2014 to drive earnings
growth, but a series of delays to the program has some
questioning how strong the launch will be at its start.
The stakes are particularly high for hospital operators,
whose financial performance has been weighed down by poor and
uninsured patients being unable to pay their bills. The
healthcare law aims to expand health coverage to millions more
Americans, who will be able to sign up beginning on Oct. 1.
NEW YORK (Reuters) – As the clock ticks down to the launch of President Barack Obama’s healthcare reform, hundreds of businesses, unions and advocacy groups are still pushing to win concessions on the far-reaching law.
Restaurants want to increase the number of hours that define a full-time worker. Unionized electrical workers are seeking to change the treatment of health plans offered by multiple employers. Medical device companies hope to end a tax against them even though they are already paying that tax.
Aug 22 (Reuters) – California said on Thursday it would
consider a soft launch of its Obamacare online health insurance
exchange if tests of the new system next month show it isn’t
ready to accommodate wide public access.
If the system is not ready, the exchange would at first use
an “aided enrollment” in which counselors help California
residents sign up over the phone or in person.
(Reuters) – Emerson Electric Co (EMR.N: Quote, Profile, Research, Stock Buzz) reported a 75 percent drop in quarterly earnings on Tuesday, hurt by an impairment charge for its embedded computing and power business, and said it was selling a majority stake in the unit for about $300 million.
Profit and sales missed Wall Street targets. The diversified U.S. manufacturer of industrial controls, power supplies and home-storage equipment said earnings were trending toward the low end of its forecast, which it had cut in May.
Aug 2 (Reuters) – Diversified manufacturer Eaton Corp
reported a lower-than-expected quarterly profit on
Friday and cut the top end of its full-year earnings outlook,
citing slower market growth.
Shares of the maker of electrical and hydraulic systems fell
more than 4 percent. Eaton said quarterly sales would have
declined 2 percent without the help of acquisitions.
(Reuters) – A disconcerting trend lurks beneath the recent round of solid profit forecasts announced by companies ranging from United Technologies Corp (UTX.N: Quote, Profile, Research, Stock Buzz) to Wendy’s Co WEN.N: More than three years into the recovery, CEOs are still relying on cost cuts to prop up earnings.
While the cuts are not as severe as those that followed the 2008 financial crisis, companies remain cautious, mindful that revenue growth is still tepid. As a result, many appear to be more comfortable wringing efficiencies out of their businesses than gearing up for accelerated production.