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Newspaper
Cedar Rapids Gazette
Location
Cedar Rapids, Iowa, United States of America
Date
Oct 29, 2002
Page
14
Wellmark Blue Cross and Blue Shield launches Classic Blue Care plan for small firms. It lowers price by about half of the main plan but cuts coverage including most office visits and retail prescription drugs. Deductible 500 per person and 1500 per family. coinsurance 20 percent.
Classic Blue Care Care from Wellmark costs less than others but offers limited coverage. It excludes most office visits and prescription drugs at retail with a $500 per person and $1,500 per family in-network deductible. Cliff Gold of Wellmark cites benefits for small employers while actual costs vary by location and demographics. United Healthcare expands Iowa presence with a Des Moines office and plans statewide marketing as it seeks growth in HMO PPO and other products.
The Dow drops 75.95 to 8,368.04 and the Nasdaq falls 15.30 to 1,315.83 as profit-taking dominates trading. Decliners beat advancers about 4 to 3 with 1.73 billion shares changing hands. ACT Inc. unveils a new WorkKeys Business Writing assessment and Custom Wood Products announces a 2.6 million expansion in Charles City pending grants. Treasury rates ease while one-year yields edge up slightly.
George C. Ford reports Iowa farmers harvested 20 percent of the corn last week before midweek rain and snow slowed fieldwork. The statewide harvest sits at 61 percent complete versus a 77 percent normal, with soybeans 96 percent harvested. Grain movement and storage conditions show mixed availability and demand as December corn drops 2.4 cents.
Harvest progress reaches 2.475 a bushel on the Chicago Board of Trade as November soybeans drop 11.5 cents to 5.455 a bushel after weekend showers hit dry areas in northern Brazil. Profit taking follows several days of rising prices with rain forecasts keeping investors wary.
U S District Judge Richard Enslen ruled the Pork Production Research and Consumer Education Act unconstitutional and ordered a halt to check off collections starting November 24. The Campaign for Family Farms challenged the program, while Agriculture Secretary Veneman lamented the decision.
University of Iowa and University of Northern Iowa set free public events on November 11 to explore accounting scandals. UNI hosts Beyond Enron from 12:30 to 5:30 p.m. in Lang Hall Auditorium with Grassley Meyer Kelly Wilson Koob among speakers. UI hosts RSM McGladrey Series from 6 to 7:30 p.m. in Buchanan Auditorium with Turner and Webb discussing causes and Sarbanes Oxley implications.
Procter and Gamble plans to engage about 200000 U S teenagers through its Tremor unit to distribute information about new products. Teens will receive coupons and pre-release details by mail and share opinions with friends, aiming to tap into teen market spending.
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