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
The Woman Who Had Orgasms in Her Left Foot
This Explains Why Men Always Think Women Are Flirting
If These Girls Knew That Slender Man Was a Fantasy, Why Did They Want to Kill Their Friend for Him?
Quentin Tarantıno on White Supremacy, Obama, and Why He Doesn’t Worry About a Transformers Future
About That Airplane Part That Was Supposed to Solve the MH370 Mystery ...
Quentin Tarantino: The Complete Syllabus of His Influences and References
Netflix’s Narcos Is Addictive, Smart Entertainment
Want the Old J.Crew Back? You Just Might Get It
As a New The Girl With … Book Hits Shelves, Stieg Larsson’s Partner Continues to Fight for His Legacy
Rami Malek 101: The Ultimate Guide to Your Summer Crush
Latest News from Daily IntelligencerEgyptian Court Finds Al Jazeera Journalists Guilty
They have been sentenced to three years in prison, after what was widely considered to be a sham trial.TSA Agent Arrested for Alleged Sexual Assault at La Guardia
He has been fired.Authorities Haven’t Found Origin of ‘God Awful’ Smell in Staten Island
"It smelled like crabs and tuna in the South Beach area and Kmart Shopping Plaza."What We Know About the Live-TV Shooting in Virginia [Updated]
Reporter Alison Parker and cameraman Adam Ward were killed by former co-worker Vester Lee Flanagan.Florida Declares State of Emergency As Tropical Storm Erika Approaches
The storm has already killed 20 in the Caribbean.Teen Who Ran Pro-ISIS Twitter Account Gets 11 Years in Federal Prison
The 17-year-old was a high-school honors student.Savannah State University Student Dead After Campus Shooting
No arrests have been made yet.71 Bodies Recovered From Abandoned Truck; Up to 200 Feared Dead After Migrant Ship Sinks
There were around 400 people on the ship — another ship that capsized earlier on Thursday was carrying 100.Ted Cruz Is the Only GOP Candidate Who Knows How to Handle Donald Trump
And it's all part of his master plan.About That Airplane Part That Was Supposed to Solve the MH370 Mystery ...
It's been a month since that flaperon washed up on the shore of the island of La Réunion.
She tried a new strategy this week, but some say it still isn’t enough.Jeb Bush Wins Eric Cantor Endorsement; Donald Trump Remains Unimpressed
“Who wants the endorsement of a guy who lost?”John Boehner Is Glad ‘That Jackass’ Ted Cruz Is Out of His Hair
Republicans would prefer that the speaker suffer in silence.1 Billion People — Probably Including You — Used Facebook on Monday
That's one in seven people on EARTH.Treasury Secretary Jack Lew Loved Hamilton
The current guy in the job talks about the musical commemorating the first guy in the job.Escaped Florida Prisoner Caught Stealing From Abercrombie & Fitch in NYC
It wasn't clear why the 53-year-old man needed more than $1,400-worth of Abercrombie & Fitch merchandise.Supporter Confirms Authenticity of Trump’s Flaxen Head Wisps
Congratulations, Donald.After Much Deliberation, Scholars Add ‘Butthurt’ to Dictionary
Not all of the words being added to the canon deserve recognition.Please Do Not Set Hideous, Toe-Chomping Creatures Loose on Long Island
Alligator snapping turtles belong in the South, thanks.11 Government Officials Detained in China Over Tianjin Blast
Including the president of the port where the devastating explosion took place.