Federal unemployment insurance benefits collapse

Unemployment Insurance

Legislative inaction could leave people without benefits Some 1.3 million people will lose their insurance benefits at the end of the month due to legislative inaction from the U.S. Congress. Federal lawmakers have declined to renew emergency funding that had been implemented for the federal unemployment insurance program. The benefits provided by this program have provided consumers throughout the country with some degree of financial stability as they look for employment. Unemployment insurance was augmented by emergency funds due to ongoing economic issues throughout the U.S. that made it nearly…

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Federal unemployment insurance thrust into the limelight

President Obama health insurance Obamacare

Obama speaks out about federal unemployment insurance program In the U.S., a federal unemployment insurance program is set to expire at the end of this year. President Barack Obama this week warned federal lawmakers not to let this program expire or it could spell disaster for long-term jobless individuals. During a press conference held on Wednesday, Obama criticized the Plan B proposal on a number of fronts, one of which includes its refusal to address the unemployment issue. Plan B does not account for insurance woes The Plan B proposal…

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Unemployment insurance rates spike in Alaska, Governor balks at current law

The Alaskan Department of Labor has issued notifications to businesses throughout the state letting them know that they will be paying more for unemployment insurance next year. The new rates have yet to be reviewed by the state’s insurance regulators, but insurance companies claim that higher rates are necessary to ensure that the state’s unemployment trust fund remains solvent and that insurers themselves have to recover from high unemployment rates. Governor Sean Parnell argues that the rates are excessive, as the state’s trust fund holds more than $234 million and…

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