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NEW YORK - The maker of Twinkies, Sno Balls and Wonder Bread is trying to lose the fat.
Hostess Brands is hoping to cut its high costs as it heads back into bankruptcy protection for the second time in less than a decade.
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For example, we recently teamed with a leading consumers group called Families USA to put forth a proposal that would improve and expand Medicaid to help provide comprehensive health care coverage for uninsured Americans with the lowest incomes so that financially struggling individuals and families can receive the health care they need to live longer, healthier lives. Our joint proposal also calls for providing low- and. moderate-income Americans above the Medicaid eligibility level with subsidies to help them obtain private insurance coverage in a reformed insurance market. Lastly, we propose that health care reform should include a meaningful cap on out-of-pocket expenditures so that families are adequately protected from high out-of-pocket health care costs and assure that families ...
... that families are not forced into bankruptcy as a result of a catastrophic illness. America's p...
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...-a Texas state probatecourt and the Bankruptcy Court for the Central Districtof California-have r... Opinion of the Court tional Safety and Health Review Comm'n, 430 U. S. 442,458 (1977) (Exception... significant delays and impose additional costs onthe bankruptcy process. See, e.g., Brief for Pe...
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Bernie Madoff is chuckling in his cell, reading about Oregon's budget plan to avert a fiscal crisis by cutting Medicaid payments to practitioners and hospitals by 11.5 percent and imposing a 1.69 percent tax on all hospital revenues. He would recognize the scam, suspecting Medicaid and total hospital revenues will actually increase.
Spiraling Medicaid outlays - spurred by higher health-care costs and more beneficiaries - are the greatest fiscal challenges facing most states trying to avoid bankruptcy. In most cases, strategies are limited and direct - improved administration and management, payment cuts to providers and/or reduced enrollees and benefits. All have the potential to negatively impact access and quality of care for the poor and disenfranchised.
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The consensus belief in the Traditional model animated the drafting of the 1978 Bankruptcy Code, the basic architecture of which remains in place today.4 In the spring of 2005, however, Congress enacted comprehensive bankruptcy reform legislation by an overwhelming bipartisan majority.5 These political efforts came in response to a surge in consumer bankruptcy filings over the past twenty-five years, and the perception of excessive fraud and abuse in the consumer bankruptcy system. Scholars have attempted to reconcile this anomaly by incorporating the available evidence within the Traditional model.15 If the underlying model is sound, the process of ordinary science will generate increasingly accurate and instructive refinements to the model.16 If the model is flawed, however, it will ...
...The economic and noneconomic costs and benefits of the American consumer bankruptcy s... such as unemployment, downsizing, divorce, health problems, health costs, and lack of health insuran...
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THE city of Huntington, so buried under pension and health care costs that it can't provide basic services like paving, has found a way to avoid bankruptcy:
Tax the income of working people and collect a 1 percent city sales tax from consumers.
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As it moved to close 1,100 underperforming dealerships by late next year, General Motors Corp. on Friday sent a message to bondholders and the United Auto Workers that all stakeholders are being asked to make sacrifices, industry experts said.
GM has two weeks left to reduce its debt and wring money-saving concessions from the union that will cut health care and other labor costs or face a probable bankruptcy filing.
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It's plain that our nation's health insurance system is broken: 46 million people in America lack health coverage - nine million of them children - and the number of uninsured is growing during the current recession.
People who lose their jobs are likely to lose their health coverage, despite the subsidy in President Obama's economic recovery bill allowing newly unemployed people to buy health coverage through their former employer. The high costs of treating serious illnesses are a major contributor to bankruptcy. One study says medical problems were a reason for nearly half of all home foreclosures.
Insurance companies have not provided solutions to these huge problems and often cause them. For many insurers, maximizing profits is paramount and providing quality health coverage second...
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No conversation about reform of our health care system is complete unless it includes a discussion of how medical costs are driving Americans to bankruptcy court.
The first nationwide study on medical causes of bankruptcy (released June 4 by Harvard Law School, Harvard Medical School and Ohio University) found that 62.1 percent of all bankruptcies filed in 2007 were related to medical problems. This represents a 50 percent increase since 2001.
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America is at a crossroads, thanks to the combination of United Airlines' record $10 billion pension default and the Pension Benefit Guaranty Corp.'s operating deficit. A major challenge to conservative thinking is taking shape before our eyes. Capitalists are urging socialist measures to address the looming pension crisis. Unless clear thinking prevails in Congress, American corporations will succeed in shifting their employee obligations from the private sector onto the taxpayers.
This goes far beyond corporate welfare. The new deal corporations are seeking in a global economy is to offload their costs onto government, while preserving transnational access to markets, consumers and labor. We saw the glimmerings of this nascent era of capitalist-socialism in the 2004 presidential campa...
... where most workforce benefits, from health- care to pensions, are either provided by governme...