Chances are you’ve heard of the Affordable Care Act – President Obama’s landmark health reform law that’s holding insurance companies accountable, lowering health care costs, giving Americans more freedom and control in their health care choices, and improving the quality of care.
One part of the act that you may not be as familiar with, however, is the “80/20 rule” – also known as the Medical Loss Ratio (MLR) rule – which went into effect in 2011.
Today, President Obama is heading to Los Angeles Trade Technical College, where he's calling for a kind of "economic patriotism" that's based on investing in the things that we know grow the economy for everyone (like education and job training) — not protecting wasteful loopholes for a few at the top.
And he's calling attention to one kind of corporate merger deal in particular — called an "inversion" — a word you might be seeing in a lot of news headlines lately.
Guest blog post by Kevon Makell, President & Chief Executive Officer of SEWW Energy, Inc.Ed Note:
This post is part of the U.S.-Africa Business Success Stories series
highlighting the work of the Department of Commerce to strengthen the economic
relationship between U.S. and African businesses. This series will lead up to
the U.S. Africa Business Forum on August 5th, the first of its kind
event, which will convene African heads of state and government, U.S.
government officials and business leaders to discuss trade and investment
This week, President Obama signed an Executive Order that prohibits federal contractors from discriminating on the basis of sexual orientation or gender identity. From the repeal of “Don't Ask, Don’t Tell” to ending the legal defense of the so-called Defense of Marriage Act, the Obama administration has made advancing equality and leveling the playing field for the LGBT community a priority.
Forty-five years ago today, two American astronauts -- Buzz Aldrin and Neil Armstrong -- landed on the moon's Sea of Tranquility, and Neil Armstrong planted the first footprint on the surface of the moon. As he made those first steps, Armstrong uttered that simple phrase we still remember today: "That's one small step for man, one giant leap for mankind."
President Barack Obama signs H.R. 803, the Workforce Innovation and Opportunity Act after delivering remarks on job training, in the Eisenhower Executive Office Building South Court Auditorium, July 22, 2014.
(Official White House Photo by Amanda Lucidon)Read More
President Barack Obama visits the Embassy of the Netherlands in Washington, D.C., July 22, 2014, to sign a condolence book honoring those who were lost in the shoot-down of Malaysia Airlines Flight 17 in Ukraine. Standing with President Obama is Peter Mollema, the deputy chief of mission for the Netherlands Embassy.
(Official White House Photo by Pete Souza)Read More
Today on Capitol Hill, I joined leaders of JP Morgan Chase as they announced a five-year, $30 million philanthropic investment to support the pioneering work of American small businesses joining “regional clusters.”
Clusters are public-private partnerships that convene a region’s corporations, small businesses, universities, investors and regional economic organizations to achieve synergies and productivity levels that a single company could not. Chase’s commitment is believed to be the largest private-sector contribution to date in support of clusters.
Last week, we had the privilege of meeting with President Obama, members of his Cabinet, and 24 other state, local, and tribal leaders for the fourth and final meeting of the President’s Task Force on Climate Preparedness and Resilience. It was an important milestone in a productive and collaborative process.
This afternoon, President Obama visited the Walker Jones Education Campus in Washington, D.C. to participate in a town hall with youth, and to announce new commitments in support of the My Brother’s Keeper Initiative.
As the President said today, "We want fewer young men in jail; we want more of them in college. We want fewer young men on the streets; we want more in the boardrooms. We want everybody to have a chance to succeed in America. And it’s possible if we’ve got the kind of team that we set up today."