Inside these posts: Benefits

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Employers to pay 2% more to cover college kids

Employers could see an additional cost increase of up to 2 percent to medical premiums next year under the new health reform law that extends coverage to people up to age 26 through their parents’ health plans.

A new study by employee benefits consulting firm Mercer says the influx of “newly eligible” college-aged dependent children on their parents health plans will on average increase health care costs 0.25 percent to 2 percent. The increase would come on top of premiums for large employers already rising this year 8 to 10 percent by most analysts’ estimates. Get the full story »

Fidelity loses hundreds of corporate clients

Fidelity Investments has lost hundreds of corporate customers in its defined-contribution retirement plan business over the past year, a challenge for the giant mutual fund firm in a critical segment of the industry. Get the full story »

Walgreen, CVS Caremark end spat

It turns out Walgreen Co. and CVS Caremark Corp. need each other after all.

After months of contract negotiations, punctuated by a two-week public brawl, the two drug store giants announced Friday that they have settled a dispute that threatened to prevent thousands of people from getting their prescriptions filled at Walgreens stores.

At issue: How Caremark, one of the nation’s biggest prescription plan operators, prices discounts for prescriptions filled at Walgreens pharmacies, which often compete fiercely with CVS stores on nearby street corners around the United States. Get the full story »