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Insurance & Financial Services

Survey: Tax penalty won’t motivate consumers to buy health insurance

Most people don’t believe having to pay a penalty for remaining uninsured will motivate them to buy insurance starting in October. That’s according to the results of a new consumer survey that HealthPocket, Inc., a California firm that ranks and provides information on health plans, issued on April 18. Nearly two-thirds of respondents answered “no”

Report: self-insurance to avoid health-law mandates may not be ‘viable option’ for small firms

It’s not widely known if many small employers will switch to self-insurance to avoid some requirements in the Patient Protection and Affordable Care Act of 2010 (ACA), but stakeholders agree that self-insuring is financially and legally risky for small businesses with fewer than 50 employees. That’s the finding in a new report from the Washington,

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Bonadio grows Syracuse–based internal-audit business with acquisition

SYRACUSE — The Bonadio Group’s acquisition of a Vermont accounting firm specializing in internal audits for banks will boost growth at Bonadio’s Syracuse–based internal audit team. Rochester–based Bonadio Group, which has Central New York offices in Syracuse, Geneva, and Utica, announced April 30 it would acquire Rutland, Vt.–based Independent Audit Associates (IAA) in a deal

Monroe discusses the changing service system of the health-care industry

SYRACUSE — The service system is changing in the health-care industry. That was part of the message from Ann Monroe, president of the Health Foundation of Western and Central New York, during her remarks at the HealtheConnections event entitled “Connecting for Better Health” held April 30 at the Holiday Inn Syracuse in Salina. Attendees included

Medical ID Theft is Definitely Not What the Doctor Ordered

Vicki Lee Blair, a 63-year-old former computer analyst from Westminster, Calif., had the surprise of her life. Blair went to a clinic seeking antidepressant medication. She said she was shocked when clinicians bombarded her with questions about a blood test in her file indicating thyroid problems and illegal drug use. She insisted the records were inaccurate,

Full text of May 1 Federal Reserve statement on monetary policy decision

Below is the full text of the much-anticipated statement the Federal Reserve issued on Wednesday, May 1, laying out its monetary-policy plans regarding its securities purchases and interest-rate targets: “Information received since the Federal Open Market Committee met in March suggests that economic activity has been expanding at a moderate pace. Labor market conditions have

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