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Even as Congress debates overhauling the nation’s health care system, industry insiders are concerned about the implications of proposals being considered in Washington, D.C. Hospitals are concerned about costs; doctors about reimbursement rates and insurers are worried about competition with a lower-cost government plan. The plan under consideration only provides coverage for uninsured and under-insured… Continue Reading Obama health care overhaul not universally embraced

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True cost of disability staggering

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Getting injured or disabled can cause a staggering financial impact if people don’t have disability insurance – costs can reach as high as 20 times a person’s annual salary. That’s according to a study released by the Life Foundation and America’s Health Insurance Plans. The study provides a rare look at the consequences facing individuals… Continue Reading True cost of disability staggering

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Springs growing leader in aerospace tech

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Colorado Springs is building a reputation as a leader in the Global Positioning Satellite marketplace. Not only is the city home to the missile defense and satellite control systems headquartered at Schriever Air Force and to Air Force Space Command’s headquarters at Peterson Air Force Base, it is supported by emerging private sector GPS companies… Continue Reading Springs growing leader in aerospace tech

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Stacy Thomson, a veteran retail store employee, has taken the ownership plunge and opened a store in Old Colorado City. Thomson, along with her husband, Vern, opened Recess, a children’s consignment boutique at 1721 W. Colorado Ave. on May 26. The pair plan a grand opening June 13, when they’ll offer food, music and a… Continue Reading Retail Roundup: Recess in Old Colorado City, Othos at Chapel Hills

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NEW YORK (AP) – Although consumer confidence may be increasing, it’s not showing up at the cash register yet. Many retailers are posting disappointing May sales, and food and necessities remained high on shoppers’ lists. According to a Goldman Sachs/ICSC tally, overall same-store sales fell 4.6 percent, worse than the 3 percent drop predicted. The lower-than-expected… Continue Reading Consumer confidence higher but not lifting bottom lines

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Department of Regulatory Agency Commissioner Marcy Morrison sent warning today of a scam that targets Colorado insurance companies. The scam was first reported in California where individuals were allegedly calling licensed insurance agencies and representing themselves as employees of the California Department of Insurance. They requested payment for a penalty fee for not completing a… Continue Reading Insurance industry scam migrates to Colorado

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Corporations still giving despite economy

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The slowing economy hasn’t stopped the nation’s largest corporations from giving to charity – many of them have actually increased their giving, according to the Committee Encouraging Corporate Philanthrophy. Despite the challenging economic backdrop that has 63 percent of companies reporting a decline in profit during 2008 – more than half of them still increased… Continue Reading Corporations still giving despite economy

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People who were laid off between September 2008 and February 2009 qualify for a federal subsidy that will pay 65 percent of Colorado state continuation of health insurance premiums. Gov. Bill Ritter signed a bill June 1 that makes sure employees have a “second chance” to keep insurance benefits through the federal program. In Colorado, employees who leave… Continue Reading New law allows ‘second chance’ to keep health insurance

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The Small Business Awards program and luncheon is scheduled from 8 a.m. to 1 p.m. June 18 at the Crowne Plaza Hotel, 2888 S. Circle Drive. The event, presented by the Small Business Development Center and the Better Business Bureau, acknowledges local small businesses and their contributions to the economic well-being of the community. The Small Business Person… Continue Reading Business tips, awards and sustainability all part of small business program

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Not surprisingly, construction employment declined in most metropolitan areas from April 2008 to April 2009, which has prompted some to say it’s high time to use stimulus money to help the issue. Ken Simonson, chief economist for Associated General Contractors of America, said the data shows a need for the federal government to move quickly… Continue Reading Construction job decline cries for stimulus money

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