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Dates: during 2000-2009
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...group of four (soon to be six) worker-owned bakeries in the San Francisco Bay Area, took its name as well as its business plan from Mondragon. The companies share technical and financial resources - as well as proprietary recipes - and a portion of profits goes to funding new enterprises. The notion of cooperative artisan bakeries sounds quaint, but the group is thinking beyond the breadbox. "We consider this the very beginning phase," says Melissa Hoover of Arizmendi, who is also executive director of the U.S. Federation of Worker Cooperatives. She says the companies plan to develop more businesses...

Author: /time Magazine | Title: In Cleveland, Worker Co-Ops Look to a Spanish Model | 12/22/2009 | See Source »

...government-run insurance plan in order to get the 60 votes needed to pass health care reform legislation, Sen. Jay Rockefeller was one of the chamber's most ardent public option supporters. Without a public option, the West Virginia Democrat feared, insurers - fattened by billions of dollars in new government subsidies and a new requirement that most Americans purchase insurance - would run rampant, jacking up prices and padding profits and executive salaries. But Rockefeller and several other Democratic senators also had their eye on a different way to keep insurer profit margins within reason: setting strict minimums on what proportion...

Author: /time Magazine | Title: Forcing Insurers to Spend Enough on Health Care | 12/22/2009 | See Source »

...original Senate bill called for lower thresholds - 75% and 80% respectively - while the House bill calls for an 85% limit across the board; crucially, both of those bills would have ended the requirement in 2013, the year much of health reform only begins to take effect, while Reid's new provision would maintain the regulation in perpetuity. Former Democratic National Committee Chairman Howard Dean, who had advocated killing the public option-less Senate bill, said Monday on MSNBC that of the last-minute changes to the Senate bill made by Reid, the strengthening of the MLR regulations was "the most...

Author: /time Magazine | Title: Forcing Insurers to Spend Enough on Health Care | 12/22/2009 | See Source »

...setting a new national MLR floor is not the end of the equation. The CBO, in its report on the regulations, said insurers might react to new thresholds by "cutting back on efforts to restrain benefit costs through care management." Translation: Anything that doesn't count as "medical costs" may be on the chopping block, including exorbitant executive salaries but also programs to keep patients healthy. There is also a fear among health policy experts that some insurers could raise premiums in reaction - higher premiums means more money spent on health care, but also more left over for profits. Another...

Author: /time Magazine | Title: Forcing Insurers to Spend Enough on Health Care | 12/22/2009 | See Source »

...overwhelmed that some users couldn't get into their accounts. Wikipedia buckled temporarily after hundreds of edits were made to Jackson's page. Across the Internet, more than 24,000 Jackson collectibles were offered for auction or sale. Jackson was crowned the King of Pop back before new media helped crack the monolith of radio pop into innumerable subgenres, from hip-hop and house to praise rock and adult contemporary. But the old-media monarch showed, one last time, that he still reigned: the world stopped for him for a few hours on June...

Author: /time Magazine | Title: Fond Farewells: Paying Tribute to Notable People Who Died in 2009 | 12/22/2009 | See Source »

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