As Covid-19 Looms, Some Workers Face Loss of Health Insurance

“Health insurance is an enormous cost for small businesses,” said Amanda Ballantyne, the executive director of the Main Street Alliance, an advocacy group for small businesses. “It continues to be even after the passage of the Affordable Care Act.”

Many businesses say they need Congress to provide more money, and health insurers say they support federal efforts to help employers continue their coverage. “We believe Congress should provide temporary subsidies or direct financial assistance for employers to protect the health and financial stability of hard-working Americans,” said Justine Handelman, a senior vice president at the Blue Cross Blue Shield Association, which represents the nation’s Blue Cross plans.

Under the Affordable Care Act, insurers must return the excess profits if they do not spend at least 80 or 85 cents out of every dollar in premiums on customers’ health care. But even that provision strikes some as inadequate, given the current

Read More

Continue Reading

Those dying from COVID-19 are least likely to own life insurance

U.S. life insurers are paying out far fewer COVID-19 death claims than initially expected, largely because the virus is disproportionately killing people with little to no insurance.

In the past few weeks, many life insurance companies have sharply reduced estimates of their exposure, as measured by payouts per 100,000 U.S. COVID-19 fatalities. Estimates have come down by an average of 40% to 50%, according to Credit Suisse stock analyst Andrew Kligerman.

TRUMP TO GIVE MEDICARE BENEFICIARIES CHECKS TO PAY FOR MEDICINES

Driving the rapid reduction in exposure are two groups: older Americans and minorities.

Older people often have smaller policies than people who are still in the workforce. The latter typically buy policies to protect

Read More

Continue Reading

100,000 tourism jobs at ‘imminent risk’ due to Covid-19, industry group warns



qr code: (PA)


© Brian Lawless
(PA)

The Government has been called on to urgently intervene to safeguard 100,000 Irish tourism sector jobs at “imminent risk” due to Covid-19.

The Irish Hotels Federation said the sector was facing an exceptionally grim outlook and needed additional government supports in the upcoming Budget.

It comes after new figures from the Central Statistics Office showed the number of overseas visitors to Ireland plummeted by more than 80% year on year.

Some 363,600 people arrived in Ireland from overseas in August, this represented a 60% increase compared to the 227,300 people who travelled into the country in the previous month.

But the statistics showed that overseas travel remained “dramatically lower” than the same period last year when more than 2.25 million people arrived

Read More

Continue Reading

Top 10 Tips for Students Managing Money During COVID-19

Tuition. Board. Books. Financial responsibilities can be difficult to manage during college, and the pandemic’s recession has only made matters more difficult. Due to faltering businesses, travel restrictions and heightened stress levels, students may find themselves out of work or stuck in an unused housing lease.

So how can students mitigate economic stress? Applied economics and management Profs. Scott Yonker, Byoung-Hyoun Hwang and Rich Curtis shared their top tips for money management during these uncertain times.

1. Monitor your spending. Hwang recommended the online platform Statusmoney.com, which allows you to track and anonymously compare your spending with other people in your age category. This financial tool makes unnecessary expenses in various categories such as cars, home and education more salient, encouraging a decrease in spending.

2. Set a budget, and stick to it. “I’d set up a budget spreadsheet enumerating all major monthly income and expense items, and strive to

Read More

Continue Reading

Europe Automotive Business Process Management Market 2020 Worldwide Opportunities, Driving Forces, COVID-19 Impact Analysis, Future Potential 2028

The MarketWatch News Department was not involved in the creation of this content.

Sep 24, 2020 (AmericaNewsHour) —
Statistics

There was a growth of about 41.3% in the number of persons employed as ICT specialists during the period 2008-2018, which was about 12 times as high as the corresponding increase (3.4%) for total employment.

CRIFAX added a report on ‘Europe Automotive Business Process Management Market, 2020-2028’ to its database of market research collaterals consisting of overall market scenario with prevalent and future growth prospects, among other growth strategies used by key players to stay ahead of the game. Additionally, recent trends, mergers and acquisitions, region-wise growth analysis along with challenges that are affecting the growth of the market are also stated in the report.

The Europe Automotive Business Process Management Market is anticipated to observe steady growth with many changes in the methods of production and pattern of employment in

Read More

Continue Reading

Ireland boosts COVID-19 Rapid Response Research and Innovation funding

DUBLIN, Ireland – The Irish government is to invest €5.5 million in 41 projects under the SFI led COVID-19 Rapid Response Research and Innovation Programme.

The 41 projects cover a wide range of areas including:

How to reduce damage to the skin on the face from PPE

How we can decontaminate and provide face masks for reuse

How to detect novel airborne surveillance of SARS-CoV2 in healthcare and airport environments

The development of plastic packaging and firm resistant to Covid-19

Early detection of secondary waves of COVID19 infection

Coronavirus-resistant plastic to reduce the risk of infection

The health and economic impacts of COVID-19 control measures

Protect Against COVID using Robot-Assisted Ultraviolet Disinfection

Home monitoring of respiration in COVID-19 patients using smartphone technology

Investigating Psychological and Social Effects of COVID-19

The COVID-19 Irish Citizens’ Online Forum

Saliva sampling for the detection and diagnosis of COVID-19

“The 41 projects announced today are

Read More

Continue Reading

Finance Minister Donohoe stops short of committing to tell banks to extend Covid-19 mortgage breaks



Paschal Donohoe wearing a suit and tie talking on a cell phone: Paschal Donohoe. Photo: PA


© Conall McMeekin
Paschal Donohoe. Photo: PA

FINANCE Minister Paschal Donohoe is to urge banks to deal with customers hit by the Covid-19 pandemic “sensitively” but he stopped short of committing to tell them to extend payment breaks for mortgages and other loans. 

Mortgage breaks of up to six months that were brought in to help families whose income has been impacted by the crisis are due to end on after Wednesday September 30.

Mr Donohoe is to meet bank bosses to discuss the situation on Monday.

He defended the scheduling of the meeting just two days before the deadline insisting that he and his officials had multiple engagements with the banks on the issue.

But asked directly if he would tell the banks to extend the mortgage payment breaks he gave no signal that he would.

Mr Donohoe said: “I will be asking that they continue o demonstrate sensitivity

Read More

Continue Reading

Global Event Management Software Market 2020 Development Trends, Industry News, Risk and Opportunities, Covid-19 Impact on Global Industry

The MarketWatch News Department was not involved in the creation of this content.

Sep 23, 2020 (The Expresswire) —
“Final Report will add the analysis of the impact of COVID-19 on this industry.”

Global “Event Management Software Market” reports covers the market landscape and its growth prospects over the coming years and discussion of the Leading Companies effective in this market. The pandemic has drastically changed the dynamics of the market and has affected every aspect of life globally. The Report covers the present scenario and the growth prospects of Event Management Software Market for 2015-2025. To calculate the market size, scope and demand which is report considers the revenue generated from the sales of Event Management Software globally.

The Event Management Software report offers crucial information about the initial and future assessment of the impact of the COVID-19 crisis on the overall market. The report also covers strategic business

Read More

Continue Reading

What to know about buying life insurance during the Covid-19 pandemic

Life insurance applications have been on the rise during the coronavirus pandemic. During the first half of 2020, application activity for life insurance rose 1.5% from the previous year, according to the MIB Life Index.

Application activity for Americans under 44 rose about 3.4% year-to-date, while activity for ages 45 to 59 was up 0.5%, the industry group reports. 

While protecting yourself and your family from financial fallout is never a bad thing, a fear of contracting Covid-19 should not be the determining factor for buying life insurance, Barbara Ginty, a certified financial planner and host of the “Future Rich” podcast, tells CNBC Make It. “I only would recommend buying life insurance if you have a need for life insurance,” she says.

Generally, the questions to ask yourself before buying life insurance are: Will there be a financial hardship for your loved ones if you pass away? Do you have

Read More

Continue Reading

How clean energy jobs can power an equitable COVID-19 recovery

This July, Democratic presidential candidate Joe Biden released his $2 trillion climate plan, touching on many interconnected themes, from clean energy to resilient infrastructure to environmental justice. But the plan’s emphasis on jobs was most apparent. “When I think about climate change, the word I think of is ‘jobs,’” Biden said in his announcement.

Investing in infrastructure and creating more jobs remain areas of bipartisan interest at the federal level, especially given their potential to stimulate the economy after COVID-19. Biden’s plan goes one step further by linking infrastructure job creation to climate action, specifically in the transition to a clean energy economy.

Mitigating or reducing greenhouse gas emissions is crucial to address climate change. A transition to clean energy is a big part of that, through shifting the country to clean energy sources, enhancing energy efficiency, and minimizing environmental impacts. Several federal climate proposals, including the Green New Deal,

Read More

Continue Reading

Load More