Money

OPINION: Health Care’s Community-Based Beginnings

CPI_logo_lores

Back during the debate on the Clinton health care reform proposal, insurance executives tried to convince lawmakers that they were on the same side of health care reform as consumers were, so they embraced the idea of “community rating” in which insurers charge everyone in a given community the same premium regardless of age, gender or health status. In testimony before a House committee in 1993, the president of Cigna’s health care business assured lawmakers that all the big insurers were on board with a return to community rating.

U.S. Unemployment Remains At 8.2%

WASHINGTON, D.C. – The U.S. economy added 80,000 jobs in June according to data released this morning by the federal Bureau of Labor Statistics, but that wasn’t enough to lower the unemployment rate from 8.2 percent. In the second quarter, employment growth averaged 75,000 jobs per month – a sharp decline from the first quarter’s average monthly gain of 226,000 jobs.