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December 22, 2014

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Today in Labor History
Dec. 22, 1910:Twenty-one Chicago firefighters, including the chief, died when a building collapsed as they were fighting a huge blaze at the Union Stock Yards. By the time the fire was extinguished, 26 hours after the first alarm, 50 engine companies and seven hook-and-ladder companies had been called to the scene. Until September 11, 2001, it was the deadliest building collapse in American history in terms of firefighter fatalities.
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Health Insurers Threaten to Increase Premiums, Even as Profits Soar
Posted On: Mar 26, 2013
Mar. 25, 2013 | HEALTH CARE | Some of the nations largest health insurance companies are warning investors that they'll raise insurance premiums by as much as 116% next year, as the coverage expansion provisions in the Affordable Care Act go into effect and millions of uninsured Americans begin purchasing coverage. The threats of premium increases come as the industry is experiencing record profits are are part of the well-coordinated publicity campaign to alarm Americans about the cost of coverage, while downplaying mechanisms in the law that will cushion them from rate shock…Insurers have long complained that the law's more rigorous standards would raise prices, although since the [ACA] was signed into law, national health expenditures have decreased…Continue reading at Think Progress
 
 
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