Colorado WINS members secured millions in additional funding to fully cover Health/Life/Dental premium increases.
Here are a few widely used terms you should be familiar with. Our definitions are based on those provided by DPA in their April 2012 Healthline newsletter. You can find an archive of the Healthline newsletters here.
Co-insurance – A percentage of costs for covered services that the insurance company pays after a deductible is met.
Co-pay – A flat fee that is paid for health care services at the time service is provided. Co-payments are specific amounts, which is convenient in planning for the cost of care.
Deductible – An amount an individual must pay for covered health care expenses before insurance begins to cover costs. Deductibles in health insurance work the same as deductibles in auto or home owner’s insurance.
Out-of-pocket maximum – The maximum amount of money a person will pay for covered health claims, which is in addition to premium payments. These maximums are usually the sum of deductibles and co-insurance payments or the sum of all co-payments.
The plan with the lowest premium may not be the best plan for you. If you have chronic conditions or expect to see a doctor more than usual this year, you may want to consider other factors, besides just the monthly premium cost.
Earlier this week, the Congressional Budget Office reported that the national deficit will exceed $1 trillion dollars- a hefty sum.
How did this happen again with so much talk from political leaders about being more fiscally responsible?
The Center for American Progress just released a brief that examines the core reasons behind the deficit and you may be surprised at what they found.
The biggest drivers of the deficit were revenue losses and increased spending between 2007 and the start of 2009. The single largest factor in the loss of revenue wasn’t the Great Recession – though important – but the Bush tax cuts.
Read the brief here.
See the recent MSNBC article which covers new data from the Center for Economic Policy Research (CEPR) on union membership.
Some highlights from the CEPR data include:
In a new policy brief, the Center for American Progress outlines twelve New Year’s resolutions for Congress to make government services more efficient and effective.
Resolution #1 – Get rid of tax cuts for millionaires….to see the complete list of twelve, click here.
Happy New Year!
See this policy brief from the Colorado Center for Law and Policy on Colorado’s 2012-2013 budget outlook and how the new revenue forecast impacts critical state services.
See this new brief, from the Center for American Progress, about how Congress can help get Americans back on their feet and get our economy going again.
Among the 9 ideas:
– Allow homeowners to refinance their mortgages at lower rates
– End the Bush tax cuts for the wealthiest
– Reign in tax giveaways to wealthy corporations and the richest 1 percent
– Reduce student loan debt and hold colleges accountable
What do you think?
Last week the Bureau of Labor Statistics released new state employment data and it showed that twenty-nine states have unemployment rates of 9 percent or higher. Unemployment rates in Colorado remain high, at 8.1 percent.
According to the Economic Policy Institute (EPI), since the start of the Great Recession, Colorado has lost more than 95,000 jobs. To see the recent EPI brief and use their interactive maps, click here.
Stressed to the Limit,
a report from Colorado WINS, found that Colorado drastically under-invests in critical state assets,
has the leanest workforce in the region and that the State’s workforce
provides superior services for less pay.
Click here to read the report.