Tag Archives: CSR

If You Won’t Then We Will: States Take Affordable Health Care into Their Own Hands

Faced with the inability to repeal the Affordable Care Act (“ACA”) outright, the Trump Administration and Congress have taken actions to provide more health insurance options for Americans.  Thus far, the Administration announced that they would no longer make cost sharing reduction (“CSR”) payments to insurers on the Exchanges and extended the time period in which short-term, limited-duration insurance (“STLDI”) plans could be offered.  Meanwhile, Congress removed the individual mandate in the 2017 tax bill. The Administration asserts that these efforts are all solutions geared toward helping more Americans receive care as premiums are rising.  A March 28, 2018 Gallup poll showing that health care costs are a higher concern for Americans, over the economy supports the Administration’s asserted justification. However, some states have recently taken their own steps to provide more health coverage options for their citizens while discounting the ACA, possibly reflecting a sense of dissatisfaction with the seemingly dragging feet of the Federal Government.

Read more

Read full article

The CSR Payment Conundrum: Where Do We Go from Here?

In response to Republicans’ failure to repeal the Affordable Care Act (ACA), the Trump Administration is using administrative action to modify the ACA and health insurance options for Americans. On October 12, 2017, President Trump signed an executive order that instructs various departments to consider regulations related to association health plans and short-term insurance. Shortly after, the Administration announced that they would no longer make cost sharing reduction (CSR) payments to insurers on the Exchanges.  Section 1402 of the ACA requires insurance companies to reduce the amount that eligible low-income policyholders pay out of pocket for co-payments and deductibles.  Accordingly, the federal government must reimburse insurers for reductions when the Secretary of HHS is notified.

Read full article
ILN Today Post

Corporate Social Responsibility

Corporate social responsibility (“CSR”), a new initiative under the Companies Act 2013 (“CA13”), is the process by which an organization thinks about and evolves its relationships with stakeholders for the common good, and demonstrates its commitment in this regard by adoption of appropriate business processes and strategies.

  • CA13 requires that every Company having net worth of Rs. 500,00,00,000/- (Rupees Five Hundred Crore) or more, or turnover of Rs. 1000,00,00,000/- (Rupees One Thousand Crore) or more, or net profit of Rs. 5,00,00,000/- (Rupees Five Crore) or more, during any financial year, shall constitute a CSR Committee of 3 (three) or more directors, 1 (one) of which has to be an independent director, and the composition of such committee is required to be included in the Board’s report.
Read full article
ILN Today Post

Steps for integrating CSR and anti-corruption compliance

by Thomas McInerney

The recent tragic factory collapse in Bangladesh underscores the growing relevance of corporate social responsibility due diligence for firms doing business in developing, frontier and emerging market countries.  Labor, environmental, and human rights abuses are well recognized corporate social responsibility (CSR) concerns.  Less understood are the ways that these issues often intersect with corrupt practices.

Allegations that the building owner at the center of the scandal bribed building inspectors and other officials to violate zoning laws have highlighted this connection.  Rather than an ancillary concern, corruption is often inextricablely woven into instances of human rights, environmental, or labor abuse.

Read full article