Posted on 04/08/2013 1:42:17 PM PDT by haffast
Under pressure from large health insurance companies, the Obama administration last week announced it would delay implementation of a key aspect of its signature health reform law that will provide affordable health insurance to small businesses and their employees.
Although the federal and some state governments must still set up Small Business Health Options Program (SHOP) exchanges to allow small business employees access to lower rates, the SHOP exchanges will not be required to offer a choice of plans to individual employees by January 1, 2014, as the Affordable Care Act (ACA) had contemplated. That mandate will be pushed back by one year.
Health insurer Aetna (2012 revenues: $36.5 billion), along with others, wrote the administration in December that “experience with Massachusetts has demonstrated that employee choice models are extremely cumbersome to establish and operate,” and urged the government to give insurers more time to prepare. Citing “operational challenges,” the administration granted their request.
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(Excerpt) Read more at allgov.com ...
"Aetna Inc. missed an earnings goal last year, so the health insurer chopped the performance-based bonus it awarded Chairman and CEO Mark T. Bertolini. But the executive's total compensation still rose 26 percent in 2012.
Bertolini, 56, received compensation valued at $13.2 million last year, according to an Associated Press analysis of the Hartford, Conn., company's annual proxy filing with the Securities and Exchange Commission. That's up from about $10.6 million in 2011.
http://finance.yahoo.com/news/aetna-chairman-ceo-compensation-climbs-181858396.html
bump
Documentation File on the harmful impact of the Counterculture of Obamanation on America.
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Barry Soetoro, aka B. Hussein Obama, 5 days before the end of GWB’s Presidential term, told ‘The Gullible’ the following: “We are five days away from FUNDAMENTALLY TRANSFORMING THE UNITED STATES OF AMERICA!”
Going on 5 years now, the best friends that Obama could have had to help him achieve his above stated dastardly goal were the RINO leaderships in the US House and Senate, AND THEY ARE STILL IN POWER!
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IMHO, the Counterculture of Obamanation will continue to destroy America for as long as the US Congressional RINOs allow it to, and not one minute more!
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