Well, it's official. The health-care reform bill really is harming small businesses — for instance, multibillion dollar hedge funds. White Plains–based insurance broker the SKCG Group conducted a survey of hedge funds with an average of $2 billion under management ($250 million to $20 billion) and found that premiums for employees in this underprivileged sector increased between 6 percent and 18 percent in 2010, while at the same time, services that had once been fully covered now require deductibles. And that's not the worst part: “What’s really troubling is that some insurance companies are asking for rate hikes twice in one year," David Parker, the president of the employee-benefits division at SKCG said in a press release today. "That’s a huge break with tradition." How will they even begin to afford to keep themselves in good health? Firing their butlers and nannies? Oh wait, no, SKCG has a solution: "To reduce the impact of these rate hikes on their bottom line, hedge fund managers need to retain a firm that can use superior information and experience to construct fine-tuned, custom coverage and negotiate lesser increases on their behalf." Like, you know, SKCG.
Most Viewed Stories
Marc Maron Will Finally Ask Lorne Michaels WTF Happened With His SNL Audition
Movies Need to Stop Explaining Everything (Looking at You, The Walk)
Meryl Streep’s T-Shirt Promoting Suffragette Is Unfortunate
The One Podcast to Start With, Across 24 Topics
Watch Peggy Hill Sing Nicki Minaj’s ‘Hey Mama’
Julianna Margulies Insists There’s No Feud Between Her and Archie Panjabi; Archie Panjabi May Disagree
Times Square: The City’s Id, Now and Always
‘Weed Dick’ Is the New Way for Men to Sexually Disappoint You
Marco Rubio Not Sure What Century Bush Administration Took Place
The 7 Best Lines From The Simpsons’ Food Network Send-up
Latest News from Daily IntelligencerHow the Republicans Are Rehabbing Hillary Clinton’s Image
The GOP handed her a gift when they slipped up about the Benghazi investigation. She's playing it brilliantly.Hillary Clinton Readies Oppo-Research to Go to War Against Joe Biden
“This could be messier than Obama-Hillary '08.”U.S. Military Official Says Hospital Airstrike Was a Mistake
General John Campbell also told Congress on Tuesday that the plan to withdraw all troops from Afghanistan by 2016 may be changed.Officials Blow a Big Call on Monday Night Football, As America Learns the ‘Illegal Bat’ Rule
The Seahawks caught a major break.Cops Investigate Tractor-Trailer That Smells Suspiciously Like Pot in Queens, Find 3,000 Pounds of Marijuana
In other words, $3.5 million worth of marijuana.Man Found Dead After Being Locked in Bronx Hospital Bathroom for Days
The deceased worked at Montefiore Medical Center.Marco Rubio Not Sure What Century Bush Administration Took Place
He was only off by one century.Can Steve Huffman Save Reddit From Itself?
He co-founded Reddit. Sold Reddit. Watched Reddit grow. Watched Reddit flounder. Watched Reddit mutiny. Now he’s back, to try to pull Reddit back from the brink.10 Things to Know About the Yankees’ Wild Card Playoff Game
They'll face Dallas Keuchel and the Houston Astros tonight.Trump Tries to Humiliate Rubio With Water-Bottle Prank, Fails
But he did remind the world that Trump Ice is real.
Harry Reid is proposing a new push for background checks, but the issue has only grown more divisive.Ann Romney Crushes Lingering ‘Mitt 2016’ Hopes
“We made the right decision,” to get out of the race, she says.Hillary Clinton Turns Kevin McCarthy’s Benghazi Gaffe Into a TV Ad
To bolster her claim that Republicans are conspiring against her.No, Depressed American Towns Do Not Look Like Zimbabwe
Are trade deals turning the United States into Zimbabwe?California Becomes Fifth State to Adopt ‘Right-to-Die’ Law
Governor Jerry Brown signed the controversial legislation Monday.Commercial Flight Lands Safely After Death of Pilot
The American Airlines plane, which was on its way from Phoenix to Boston, made an emergency landing in Syracuse.House Will Choose Boehner’s Replacement One Day Before He Says ‘Bye!’
The other leadership positions will be filled at a to-be-determined date.Pizza Rat Just Got Slightly Sexier
Happy Halloween.South Carolina Floods Kill at Least 9
"This flood disaster has been like nothing South Carolina has ever seen."Edward Snowden to DOJ: Call Me Maybe?
The NSA whistle-blower is ready to go to jail, if necessary.