Economic Decline

U.S. Productivity Loss from Illness Costs Employers $250.0 Billion, Flu Adds $9.0 Billion in 2018

U.S. Productivity Loss

In the U.S., sick employees in the workplace results in billions of dollars annually in lost productivity. In fact, according to the Centers for Disease Control and Prevention (CDC), U.S. productivity loss due to chronic conditions, which are largely preventable, costs U.S. employers’ losses due to lost productivity totaled over $153.0 billion annually. While chronic (more…)

Connecticut Budget Deficit to Reach $224 Million, Cuts & Tax Hike to Follow

Connecticut Budget Deficit

Connecticut’s budget deficit increased from $203.0 million to $224.0 million, and it may grow further. Revenue shortfalls caused the most significant budget cuts for Connecticut in this fiscal year. Forecasts predicted a Connecticut budget deficit shortfall of $178.4 million this fiscal year and $147.1 million in 2018-2019. The Federal Medicaid reimbursements contributed towards a major (more…)