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Today in Labor History

July 24, 1968:   The United Auto Workers and the Teamsters form the Alliance for Labor Action (ALA),later to be joined by several smaller unions. The ALA's agenda included support of the civil rights movement and opposition to the war in Vietnam. It disbanded after four years following the death of UAW President Walter Reuther. - Union Communication Services

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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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Updated: Jul. 24 (06:05)

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