Saturday, May 30, 2015
Health Insurance company Humana Inc is thinking of selling the company after it received multiple expressions of takeover interest, this could set off a round of mergers in the health care industry as it grapples with the hurdles and opportunities caused by the federal health-care overhaul.
Companies are pressured to cut costs and look for other ways to gain profit from the potential new customers because of the Affordable Care Act. Experts expected that big health insurance companies will merge to give them more opportunities to compete.
Humana is headquartered in Louisville, Kentucky. Majority of its income is from its business administering the private version of the federal Medicare program. The company prized because of its powerful Medicare franchise, which is on the uptrend as baby boomers age into eligibility and opt for these plans, known as Medicare Advantage.
Wednesday, May 20, 2015
The Los Angeles City Council voted last Tuesday 14-1 in favor of the $15 minimum wage increase, after they hear the statements of residents for and against the plan. There are about 700,000 people earning minimum wage in Los Angeles, the city also has the highest housing costs in the country. Los Angeles will be the 2nd largest city to increase the minimum wage to $15 from $9.
The measure will be sent to the city attorney to prepare a wage ordinance. That ordinance will then go to a council committee and if it get pass it will go to the full council for a final vote and then to Mayor Eric Garcetti.
This will require businesses with more than 25 employees to meet the $15 pay level by 2020, while smaller businesses would have an extra year to comply.
Wednesday, May 6, 2015
Can't wait for your Pizza deliver? You can now track it real time using the new Pizza Hut app, you no longer have to ask "Where's my pizza?" They are calling it "Pizza Navigation System" and it runs like Uber's tracking app. The customer will have the ability to track the location of the delivery guy's vehicle on a map on the way to the customer's location.
Pizza Hut said that the service will "allow customers to plan for meal time while Pizza Hut simultaneously manages its fleet of drivers to ensure an efficient ordering process."
The picture of the delivery guy will also be shown on the app so that the customer will know who to expect at their door. The service was first rolled out in Russia and Israel in 2014. It will debut in the Dallas area soon, and be expanded through out the country later this year.