One in four employers offering health care benefits will be subject to the Affordable Care Act's (ACA) so-called "Cadillac tax" in 2018, and 42 percent of employers will be affected a decade after that, according to the Kaiser Family Foundation. Under the ACA, employers that offer health plans with annual premiums of more than $10,200 for individuals or $27,500 for families will pay a 40 percent excise tax on the portion of the premiums that exceeds those thresholds. The tax is set to take effect on Jan. 1, 2018. Some employers could begin making changes to benefits now to avoid the tax.
Blogs of the LA Area Chamber
One-Fourth of Employers Offering Health Benefits Will Be Hit With ACA's 'Cadillac Tax'
California Healthline on August 26, 2015 at 4:00:00 pm
Posted in Health Care Waiting Room
LetÂ’s Go After the 2024 Olympics
Gary Toebben on August 26, 2015 at 9:00:00 am
Posted in The Business Perspective
A Los Angeles bid to host the 2024 Summer Olympics needs to be submitted prior to Labor Day and the Los Angeles Area Chamber of Commerce is pledging its support to Mayor Eric Garcetti and Bid Committee Chairman Casey Wasserman. The endorsement was provided by the Chamber’s Executive Committee, in a unanimous vote, at its meeting last week.
Balancing Climate Change and Job Displacements
Gary Toebben on August 25, 2015 at 9:00:00 am
Posted in The Business Perspective
Public opinion polls show that Californians are concerned about jobs. They are also concerned about climate change and there is a tail-wind of support behind two bills in the legislature to reduce greenhouse gas emissions: SB 32 by Senator Fran Pavley and SB 350 by Senate pro temp Kevin deLeon.
Connecting Leaders to Drive Change Throughout California
Gary Toebben on August 18, 2015 at 9:00:00 am
Posted in The Business Perspective
Drought, job creation, education, immigration reform and climate change – California has no shortage of critical issues and challenges. But it also has is an abundance of opportunity.
California's Aging Population Could Strain Health Care System
California Healthline on August 12, 2015 at 10:00:00 am
Posted in Health Care Waiting Room
California's health care system could struggle to meet the demand of the state's growing aging population, according to two new reports, the Sacramento Bee's "Capitol Alert" reports.
Details of CHCF Report
According to a report by the California HealthCare Foundation (CHCF), California's population of residents ages 65 or older is projected to more than double by 2040. As a result, that population's demand for health care services will increase, but the effects will be disproportionate depending on service type and location.
It's A New Day for MLK Community Hospital
Gary Toebben on August 11, 2015 at 9:00:00 am
Posted in The Business Perspective
Many individuals and organizations were applauded last Friday during the official dedication of the new Martin Luther King, Jr. Community Hospital (MLKCH) in Willowbrook-Watts. And for good reason. It took a symphony of people and organizations, coming together in harmony, to raise this new community, privately-run, safety net hospital from the ashes.
A Gold Medal for Los Angeles
Gary Toebben on August 4, 2015 at 9:00:00 am
Posted in The Business Perspective
During my nine years in Southern California, I have never been prouder of the City and County of Los Angeles. From the Opening Ceremony on July 25 to the Closing Ceremony this past Sunday, the 2015 Special Olympics World Games celebrated the importance of inclusion, courage, personal effort, civic generosity and volunteer spirit. To capture a glimpse of this nine day celebration, take a moment to view this video shown at the Closing Ceremony.