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Despite $8B surplus, Missouri governor vetoes $550M in state spending

1 year 6 months ago
From the $8,000 set aside so the Lone Jack Police Department could buy rifles to $46 million for an allied health building at St. Louis Community College, Gov. Mike Parson’s veto ax fell heavily on earmarked spending as he finished work on the coming year’s Missouri budget. Parson announced his actions late Friday on the $51.8 billion budget approved by lawmakers in May, with only eight hours left before the start of the new fiscal year. In all, he made 201 vetoes, cutting $555.3 million by…
Rudi Keller

Nomination deadline extended for Champions for Diversity & Inclusion Awards program

1 year 6 months ago
There is still time to make your nomination for the 2023 Champions for Diversity & Inclusion Awards program. The nomination deadline has been extended to Thursday, July 6. The program, which includes awards for an individual, a for-profit and a nonprofit, celebrates those who have shown exceptional commitment to advancing diversity, equity and inclusion in the workplace or in the St. Louis community. You can submit a nomination here. The winners will be announced in early August and profiled…
Veneta Rizvic

Taking a holistic approach to cost management

1 year 6 months ago
In my 30-year career, cost has always been an issue and concern among employers. As health care costs have increased, it’s become even more top of mind. When I first started in this business, we’d meet with employers’ human resources department to discuss health benefits. Now, the chief financial officers, chief operating officers and chief executive officers are at the table, because health care costs have risen so much. For many, it’s the second or third largest line item on their operating…
Dave Milich

Studies show UnitedHealthcare beats competition on total cost of care using best-practice methodologies

1 year 6 months ago
Three new studies highlight UnitedHealthcare cost-savings strategies, validating savings methodologies across key programs and confirming the ability to manage savings better than the competition. UnitedHealthcare is engaging third-party firms to help consultants, brokers and employers understand that a total cost of care strategy must extend beyond traditional discount analyses. According to three studies from Wakely Consulting Group, ZS Associates and Santa Barbara Actuaries (SBA), UnitedHealthcare…
UnitedHealthcare

Preparing your business for a private equity sale: Understanding the market

1 year 6 months ago
If you own a privately held business, it is likely you have received a call from a private equity firm telling you they have specifically targeted you and want to buy your business. You have heard now is a good or even great time to sell. The price they offer seems reasonable or even good. They tell you they pay cash and can finalize the transaction quietly. “It will be quick, easy and fast. No need to shop the deal or talk to your lawyer, of course. We do this all the time.” What should you…
David J. Kaufman and Nathan Viehl

STLCC/Boeing partnership program surpasses major milestone

1 year 6 months ago
A partnership between St. Louis Community College’s Workforce Solutions Group and Boeing St. Louis is celebrating a major milestone. The partnership has resulted in 1,214 program participants being hired by Boeing. The partnership grew from an effort in 2007 to support new program contracts and program growth, and address a talent shortage due to retirements. Boeing St. Louis needed to create a sustainable pipeline for future hiring. The Boeing St. Louis Pre-Employment Training program has focused…
St. Louis Community College

Missouri company plays central role in downfall of Biden loan forgiveness program

1 year 6 months ago
At the center of the U.S. Supreme Court decision striking down Joe Biden’s student loan forgiveness program on Friday was a little-known Missouri nonprofit that goes by MOHELA. Based in St. Louis, the Missouri Higher Education Loan Authority is a quasi-governmental entity created by state lawmakers in 1981 to service student loans. And when former Missouri Attorney General Eric Schmitt went looking for legal standing in order to bring a lawsuit challenging the president’s program, he relied…
Annelise Hanshaw

Supreme Court reveals decision on student loan forgiveness

1 year 6 months ago
A sharply divided Supreme Court on Friday effectively killed President Joe Biden’s $400 billion plan to cancel or reduce federal student loan debts for millions of Americans. The 6-3 decision, with conservative justices in the majority, said the Biden administration overstepped its authority with the plan, and it leaves borrowers on the hook for repayments that are expected to resume in the fall. Biden was to announce a new set of actions to protect student loan borrowers and would address…
TEGNA