Worker Pay and Benefits Grow at Record Pace, Pressuring Inflation

Compensation for American workers increased rapidly in the first quarter, as a tight labor market put more money in workers’ pockets while keeping inflation under control. Without adjusting for seasonality, business and government employers spent 4.5 percent more on worker costs in the first quarter compared to the same period a year ago, according to ...

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Amid Inflation, IRS Boosts Health Savings Account Contribution Limits In 2023 For Individuals, Family Plans

In 2023, you can save up to $3,850 with an individual health insurance plan, up from $3,650 in 2022, the IRS announced Friday. And you can soon contribute up to $7,750 with a family plan, boosted from $7,300.

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Here We Go Again: California Coronavirus Cases Rising. Is A New Wave Coming Soon?

After months of declining numbers, California has recorded a nearly 30% increase in coronavirus cases over the last week along with smaller rises in hospitalizations, causing some health officials to suspect that the state is headed into a new pandemic wave. The increase coincides with a loosening of COVID-19 restrictions such as mask mandates and ...

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California’s Population Fell Again Amid Pandemic’s 2nd Year

California’s population declined again in 2021 for the second consecutive year, state officials said Monday, the result of a slowdown in births and immigration coupled with an increase in deaths and people leaving the state.

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Medicare At 60 Would Have Harmful Unintended Consequences

In an era of rising inflation and trillion-dollar deficits, there appears to be growing bipartisan support for fiscal restraint. President Biden’s recent budget proposal featured more than $1 trillion in deficit-reducing policies. And his administration is now promising that the proposals once comprising the president’s Build Back Better agenda will be, at worst, deficit neutral. But despite ...

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California Opens Medicaid to Older Unauthorized Immigrants

Unauthorized immigrants over age 49 who fall below certain income thresholds are now eligible for full coverage by Medi-Cal, California’s version of Medicaid, the federal-state partnership that provides health insurance to low-income people.

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