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Briefcase

Employer Confidence Falls for Third Consecutive Month

Confidence among Massachusetts employers fell for a third consecutive month during August as companies remained uncertain about the vigor and durability of the economic recovery.
The Associated Industries of Massachusetts Business Confidence Index (BCI) declined one point to 54.1 last month, leaving it three full points lower than in August 2015. The confidence reading remained above the 50 mark that denotes an overall positive economic outlook, but optimism dimmed sharply on current economic conditions and employers’ outlook on their own companies. The employer confidence readings are consistent with a recent weakening of consumer confidence in Massachusetts. The Mass Insight Consumer Confidence Index slid 10 points during the third quarter. “The national and state economies continue to improve, but without the kind of momentum we have seen in previous recoveries. So employers remain confident overall, but circumspect,” said Raymond G. Torto, Chair of AIM’s Board of Economic Advisors (BEA) and Lecturer, Harvard Graduate School of Design. “One potential red flag is the degree to which employer confidence in their own companies has weakened during the past several months.” The AIM Index, based on a survey of Massachusetts employers, has appeared monthly since July 1991. It is calculated on a 100-point scale, with 50 as neutral; a reading above 50 is positive, while below 50 is negative. The Index reached its historic high of 68.5 on two occasions in 1997-98, and its all-time low of 33.3 in February 2009. The index has remained above 50 since October 2013.

More Than 1,100 Volunteer for Annual Day of Caring

PIONEER VALLEY — On Sept. 9, the United Way of Pioneer Valley launched its annual fund-raising campaign with the Day of Caring, when more than 1,100 volunteers from more than 40 area businesses volunteered across the region to help local nonprofits. Starting with a kickoff breakfast in Court Square in downtown Springfield, participants traveled to towns across the Valley, contributing in myriad ways to support programs and organizations that support the community. Projects included lawn work, painting projects, light construction, gardening, and trash removal. The day was ideal for team building, but it was also a chance for both nonprofits and area businesses to learn more about each other’s work. “I participate in the Day of Caring because I believe that giving back to the community is a central part of promoting unity,” said Sharon Dorsey, an executive assistant from Health New England. “The past few years I participated in the Day of Caring, I loved seeing how appreciative and grateful the beneficiaries were.” This year’s Day of Caring sponsors included Baystate Health, MassMutual, Health New England, Comcast, Excel Dryer, UTC Aerospace Systems, IAMAW Local 743, Harry Grodsky & Co., Mestek Inc., Monson Savings Bank, PeoplesBank, Peoples United Bank, Quabbin Wire & Cable Co., TD Bank, Gulf Stream, the Springfield Community Music School, and Sodexo.

Springfield Regional Chamber Debuts New Dental Benefit

SPRINGFIELD — The Springfield Regional Chamber has teamed up Altus Dental to offer to its chamber members a new employee benefit to enhance their employee-compensation package. Administered through American Benefits Group, dental insurance provided by Altus Dental is now available for companies with as few as one employee. Altus Dental offers the state’s largest preferred-provider (PPO) dental network with more than 6,200 participating locations in Massachusetts, Rhode Island, and Southern New Hampshire, and national access through CONNECTION Dental, with more than 108,000 dentist locations nationwide. Three coverage options are available at competitive rates. Plus Plan 1 is basic coverage available to employers with one or more participating employees. Plus Plan 2 is an enhanced coverage option available to those with 10 or more participating employees, and Plus Plan 3 is an enhanced coverage option for companies with 20 or more participating employees. Each option includes 100% diagnostic and preventative services with no deductible, 80% for basic restorative care with a $50 single or $150 family deductible, and a low benefit maximum per year. Plus Plan 2 and Plus Plan 3 include major restorative care such as crowns and dentures. Plus Plan 3 includes orthodontic services. To be eligible, a business must be a member of the Springfield Regional Chamber and contribute at least 50% of the monthly premium. Coverage is open to active, full-time employees.

ServiceNet Wins Grant to Boost Work with Homeless Individuals

NORTHAMPTON — To further combat the continuing challenge of homelessness in communities across Western Mass., ServiceNet’s Shelter & Housing division has been awarded a three-year grant, totaling $1.2 million, by the Substance Abuse and Mental Health Services Administration (SAMHSA) of the U.S. Department of Health and Human Services. Returning Home, the program funded by this grant, is specifically focused on the needs of chronically homeless individuals and homeless veterans who also have a serious mental illness and/or substance-use disorder. The SAMHSA grant is one of 30 recently awarded nationwide, and it is the only one awarded in Massachusetts. Returning Home has a two-fold goal: to successfully move individuals from homelessness to permanent housing, and to improve their overall health and well-being. It does so through a combination of intensive case-management services and evidence-based clinical care. Increased funding will enable ServiceNet to assist an additional 112 individuals in the three-year period, and to expand its community outreach to meet with people on the streets, in outdoor camps, and elsewhere in the community. Returning Home will accept referrals from service providers throughout Berkshire, Franklin, and Hampshire counties, as well as from ServiceNet’s own network of emergency shelters.  “This award reflects SAMHSA’s trust in the outstanding work our team has done to date in housing individuals who are chronically homeless,” said Jay Sacchetti, ServiceNet’s vice president of Shelter & Housing, Vocational, and Addiction Services. “We are proud of the work they do, and this funding further stabilizes and preserves our Returning Home program.” Sacchetti also cited ServiceNet’s longstanding commitment to applied research as an advantage in securing the national grant. “When we say something works, we have the data to prove it; and when something doesn’t work, we understand why,” he said. “Our research team will continue to track the impact of Returning Home’s expanded services as we move forward.” ServiceNet is partnering with the Hilltown Community Development Corp. — administrator of the federal continuum of care which oversees area initiatives related to homelessness — to serve as steering committee for the grant. “This grant is going to help a lot of people a lot,” said Jack Tulloss, a former Marine and now clinical case manager with ServiceNet’s Shelter and Housing division. Increased case-management efforts will be underway by Oct. 1.

State Awards $2.4 Million in Workforce-training Grants

BOSTON — The Baker-Polito administration awarded more than $2.4 million in workforce-training fund grants to 25 companies to train current or newly hired workers. This round of grant funding will help train 2,162 workers, and is expected to create 263 new jobs. “We have made workforce development a priority for Massachusetts residents to get the skills they need to prosper and for companies to have a talented pool of workers to expand,” said Gov. Charlie Baker. “The training and career-building skills provided by these investments will help bolster economic prosperity and success throughout the Commonwealth.” The Workforce Training Fund assists Massachusetts businesses in becoming more competitive by investing in the skills of their workers. The Workforce Training Fund is also a key resource to thousands of Massachusetts workers who wish to advance their skills to achieve promotional opportunities and higher wages. It also acts as a catalyst for job creation. “The Workforce Training Fund is a vital tool for many companies to upgrade employees’ skills and increase productivity,” Lt. Gov. Karyn Polito said. “The training helps both the workers and the companies compete in a global environment.” The Workforce Training Fund provides grants of up to $250,000 to companies in Massachusetts, to pay for workforce training over a two-year period. Grants are awarded to projects that will upgrade workers’ skills, increase productivity, and enhance the competitiveness of Massachusetts businesses. Grants are matched dollar-for-dollar by the award recipients. The Workforce Training Fund is a program of the Executive Office of Labor and Workforce Development and administered by Commonwealth Corp., a quasi-public state agency that fosters partnerships between industry, education, and workforce organizations to strengthen skills for youth and adults in order to help them thrive in the state’s economy. Locally, Freedom Credit Union in Springfield was awarded $126,175 to train 133 workers. Meanwhile, the Massachusetts Manufacturing Extension Partnership was awarded $151,016 to train 93 workers, with nine additional jobs expected by 2018. This grant was awarded to a consortium of businesses, including Universal Plastics Corp. of Holyoke, Advanced Welding of Springfield, Duval Precision Grinding of Chicopee, Metronic of Chicopee, and Millitech Inc. of Northampton.

Study Details Spending of Consumer-driven Health Plan Enrollees

WASHINGTON, D.C. — People with consumer-driven health plans (CDHPs) had lower total per-capita spending on healthcare, driven in part by using less healthcare overall, than people with traditional non-CDHP commercial health plans, finds a new study from the Health Care Cost Institute (HCCI). At the same time, spending out of pocket by CDHP consumers was 1.5 times higher on average than non-CDHP consumers. For example, people enrolled in consumer-driven health plans paid an annual average $58 more out of pocket on visits to the doctor and $50 more on emergency room visits than their non-CDHP counterparts, while using roughly 8% and 10% fewer visits, respectively. The study, “Consumer Driven Health Plans: A Cost and Utilization Analysis,” examines healthcare use and spending from 2010 to 2014 for people covered by employer-sponsored insurance and under 65 years of age who are enrolled in CDHPs. Enrollment in CDHPs has been steadily increasing within HCCI’s employee-sponsored insurance population; more than one-quarter had a CDHP in 2014, compared to just 15% in 2010. Overall, the study found that that fewer total dollars were spent on healthcare for people with CDHPs, in part because people with CDHPs tended to use fewer healthcare services. However, people with CDHPs had higher spending out of pocket on deductibles, co-pays, and co-insurance (excluding premiums). This higher out-of-pocket spending meant people enrolled in CDHPs were responsible for nearly one-quarter of their medical costs on average, compared to 14% for those enrolled in non-CDHPs. “As the costs of healthcare increase, consumer-driven health plans try to balance lower premiums with higher deductibles and higher limits on out-of-pocket spending,” said HCCI Senior Researcher Amanda Frost. “As these types of plans grow in prevalence, it is important to look beyond premium dollars and also consider dollars spent directly on healthcare services.”

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