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Extra resources for BusinessWeek (October 10, 2005)
A sleepy town 60 miles north of Sacramento. The couple signed up for health insurance through the National Association for the Self-Employed (nase), a small-business group that offered them both coverage through mega Life & Health Insurance Co. for $416 per month. A brochure stated that the plan would provide up to $1 million in coverage. Then in 2000, Darlene found a lump in her breast and had a mastectomy. The next year, David had emergency surgery for an aortic aneurysm, followed by three colon procedures.
But the sum of its three parts stands a good chance of rising noticeably. S. ECONOMY The easy part of the Federal Reserve’s job is about ﬁnished. After a series of 11 interest-rate hikes, Fed policy is at or close to the point where it is not helping growth. Now comes the hard part. Policymakers have to decide whether they can hold steady at a neutral level, or if new business conditions dictate that the Fed must begin to lean against the economy’s momentum. It’s a crucial call that will be made even more complicated by rising energy costs, supply disruptions from two hurricanes, and an unanticipated rush of ﬁscal stimulus.
The vast majority of the industry’s parts makers are independent players with less than $170 million in annual revenue. Many are family businesses that, while proﬁtable, see the writing on the wall. Not only are their main customers reeling amid a ﬁercely competitive auto market but parts makers themselves are also increasingly being undercut by Asian rivals. , nearly triple the level of 2001. BOLTED TOGETHER 42 | BusinessWeek | October 10, 2005 PLAINTIFFS The Hendersons were left with $158,000 in medical bills INSURANCE LAWSUITS, STATE PROBES—LET’S BUY IT!