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May 02, 2016

On This Day in 1930:
President Herbert Hoover declares that the stock market crash six months earlier was just a "temporary setback" and the economy would soon bounce back. In fact, the Great Depression was to continue and worsen for several more years.

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Labor Headlines

US labour news headlines from LabourStart

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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Updated: May. 02 (17:01)

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