Tag Archives: Percent

Health Plan Costs to Rise by More Than 10 Percent

October 13, 2010   Alexander Stewart   No comments

The cost of health insurance plans will rise next year by at least 10 percent, insurers and plan administrators surveyed by consulting firm Buck Consultants say.The consultancy found that the most common plans will cost significantly more in 2011. The two most popular types of coverage offered in American workplaces – Health Maintenance Organization (HMO) plans and Preferred Provider Organization (PPO) plans – will cost more than they did this year: The former’s price tag will rise 10.6 percent and the latter’s price will increase by 11.6 percent.Two factors – the healthcare reform legislation enacted earlier this year and the possibility that older workers will retain coverage longer – are driving the sharp cost increases, Buck Consultants actuary Harvey Sobel said.

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Massachusetts bankruptcies increase 25 percent

July 24, 2010   Daniel Murphy   No comments

Massachusetts bankruptcies increase 25 percent.

The first half of the year has not been kind to consumers and businesses in Massachusetts.

According to the Warren Group, a Massachusetts-based firm that publishes real estate and financial information pertaining to New England, bankruptcy filings in the Bay State rose 25 percent in the first six months of the year when compared to the same period in 2009. There were a total of 11,847 petitions for protection from creditors under Chapters 7, 11 and 13 through June of this year, a sharp rise from the 9,461 that filed in the same timeframe last year.

“Even though the economy is recovering, consumers are still hurting and struggling to pay off the debt they’ve accrued over the years,” said Warren Group CEO Timothy Warren. Read the full post

  Tags: 25 Percent, Increase 25, Increase 25 Percent, Percent