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The continuing sluggish economy is forcing a growing number of large U.S. employers to take more aggressive measures to control rising health care costs and motivate workers to take charge of improving their own health, according to a survey conducted by Towers Watson and the National Business Group on Health (NBGH).
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On February 18, 2010, the Wisconsin Court of Appeals asked the Wisconsin Supreme Court to take up the constitutionality of Milwaukee’s paid sick leave mandate.
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On February 24, 2010, the House of Representatives passed the Health Insurance Industry Fair Competition Act (HR 4626), by a vote of 406 to 19. Designed "to restore the application of the Federal antitrust laws to the business of health insurance to protect competition and consumers," the bill was introduced by Representative Thomas Perriello of Virginia on February 22.
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President Obama is expected to announce "the best path forward" on health care reform the week of March 1, according to White House Press Secretary Robert Gibbs. At a press briefing on February 26, Gibbs described the pending announcement as "an updated proposal" in the wake of the day-long health care summit held with Republican lawmakers on February 25.
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The EBSA has issued guidance that supplements EBSA Assistance Bulletin 2009-02, which provided transition relief from annual reporting requirements for 403(b) plans.
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The EBSA has released proposed regulations on investment advice and final regulations on disclosure requirements for multiemployer plans that are designed to enhance retirement security and transparency.
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In a Tax Tip, the IRS has described how to get a tax credit for retirement savings contributions.
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