Senator Patrick Leahy (D-Vt.) announced Thursday that the final health reform package that is now headed for House and Senate votes will recognize the early investment Vermont has made in its Medicaid program, meaning more than $100 million in added funding for Vermont’s Medicaid programs over the next ten years.The Medicaid solution for Vermont – one of the last issues to be resolved in final work on the plan — was chiefly negotiated by Leahy with strong support from Senator Bernie Sanders (I-Vt.) and Representative Peter Welch (D-Vt.). The remedy fixes underfunding for Vermont as an “early leader” state that offers more generous Medicaid programs than much of the country. Leahy said, “My argument throughout these negotiations was clear. Vermont should not be punished for doing the right thing. It was also a compelling argument because it is widely known that Vermont has been a leader in expanding health insurance coverage over the last 15 years.”Sanders said, “I am pleased that in these very difficult economic times we have managed to prevent the State of Vermont and other forward-thinking states from being discriminated against because we did the right thing in providing health coverage for more low-income people. States that innovate and have addressed the health care crisis should be respected and not penalized. I am glad that we have accomplished that goal.”Welch said, “Vermont is widely recognized as an innovative leader among the states in ensuring access to high quality, affordable health care. It would be more than ironic for our state and its citizens to be penalized because we lead the way. Thanks to the hard work of Senator Leahy, Vermont will now be recognized – not punished — for its leadership.”As part of the effort to expand coverage to uninsured Americans, health reform proposals in the House and the Senate included expansions of the Medicaid program. The Medicaid expansion will insure more low-income Americans while also addressing variations in eligibility and benefit levels across current state Medicaid programs. To encourage state responsibility for newly eligible Medicaid beneficiaries, an earlier draft of the Senate bill included a formula giving states a 100 percent match for the expanded population for the first three years, and an enhanced match for that population for all other years. That formula unintentionally disadvantaged Vermont, an “early leader” state that would not have had any “newly eligible” enrollees under that Senate definition — and Vermont therefore would not have seen any added Medicaid funding.Before the draft Senate bill was finished, Leahy worked to include a bump up of 2.2 percent for Vermont for all Vermont Medicaid beneficiaries for six years. The 2.2 percent increase fixed the error in the original Senate Medicaid formula that would have given Vermont no additional Medicaid funding.The new package released Thursday includes a two-year enhanced match rate for all of Vermont’s Medicaid beneficiaries from 2014 to 2016. Beginning in 2014, Vermont will receive an additional federal match rate for certain Medicaid beneficiaries, which increases each year until 2020, when Vermont and other early leader states will receive the same federal rate as all other states. Throughout the health bill negotiations, Leahy’s Medicaid fix for Vermont was a top priority of Governor James Douglas (R) and of key leaders of the Vermont Legislature.Source: Leahy’s office. 3.18.2010# # # # #
An undisclosed German corporate investor is searching for a manager to act as back-up manager for a €100m bond mandate, using the IPE Quest service.According to search number QN-2190, the investor is looking for companies that can run a mandate to invest in euro bonds overall, with maturities of 10 years or more.The style is stipulated as “active alpha-seeking”, and the benchmark to be used is the iBoxx EUR Overall 10+.The search makes clear the exercise is not being carried out for an immediate investment need, however. According to details of the search, the client — which is looking for segregated accounts — is just on the hunt for a potential back-up manager for this asset class.“It means the investment might not be carried out immediately after this search is finalised,” the search says.Companies responding to the search should have at least €1bn in assets under management (AUM) for this asset class, and €10bn in AUM overall.Minimum and maximum expected tracking error for the mandate are 0.5% and 1.5%, respectively.Applicants must have track records of at least three years, though a minimum of five is preferred.The IPE news team is unable to answer any further questions about IPE Quest tender notices to protect the interests of clients conducting the search. To obtain information directly from IPE Quest, please contact Jayna Vishram on +44 (0) 20 3465 9330 or email email@example.com.
Eritrea has cut itself a niche in African cycling as climbing experts and often enter any competition around the continent as favourites.Eritrea’s set of five riders, for this year’s Tour du Rwanda is a confident lot,the team say they are ready not just to challenge for the mountain stages but also the overall title in the 2015 Tour du Rwanda .Despite the challenges facing them, riders from Eritrea continue to trail blaze on Africa’s cycling circuit and internationally. Many of them living out a dream borne of a cycling culture in a country with a huge passion for the sport.
IMCA Modifieds – 1. Chaz Baca, Mesa, Ariz., 818; 2. Hunter Marriott, Brookfield, Mo., 596; 3. Jeffrey Abbey, Comanche, Texas, 551; 4. Colin Deming, Hobbs, N.M., 511; 5. Kelsie Foley, Tucson, Ariz., 477; 6. Marlyn Seidler, Underwood, N.D., 411; 7. Ricky Thornton Jr., Clive, Iowa, 404; 8. Cody Laney, Torrance, Calif., 386; 9. Spencer Wilson, Minot, N.D., 382; 10. Rob Slott, New Waverly, Texas, 378; 11. Brent Schlafmann, Bismarck, N.D., 373; 12. Jason Noll, Peoria, Ariz., 370; 13. William Gould, Calera, Okla., 342; 14. Matt Guillaume, Haslet, Texas, 338; 15. Chase Allen, Midlothian, Texas, 336; 16. Scott Sluka, Casa Grande, Ariz., 333; 17. Garth Dushanek, Avondale, Ariz., 329; 18. Cory Sample, Winnemucca, Nev., 327; 19. Brandon Hood, McGregor, Texas, 324; 20. Chris Bragg, Springtown, Texas, 313.IMCA RaceSaver Sprint Cars – 1. Austin Mundie, Carrollton, Texas, 127; 2. Trey Schmidt, Spring, Texas, 118; 3. Daniel King, Conroe, Texas, and Kevin Ramey, Fort Worth, Texas, both 116; 5. Andy Shouse, Oklahoma City, Okla., 114; 6. Michael Day, Greenville, Texas, 112; 7. Tyler Harris, Vidor, Texas, 110; 8. Shane Sellers, Tuttle, Okla., 107; 9. Marcus Thomas, Corsicana, Texas, 104; 10. Kent Lewis Sr., Willis, Texas, 102; 11. Blake Baccus, Crandall, Texas, 100; 12. Chris Kelly, Oklahoma City, Okla., and Mark Klis, Waxahachie, Texas, both 99; 14. Gary Owens, Pauls Valley, Okla., 98; 15. Logan Scherb, Decatur, Texas, 96; 16. Mike Gabriel, Winnie, Texas, 93; 17. Brandon Jennings, Moore, Okla., 90; 18. Travis Scott, Washington, Okla., and Cody Whitworth, Oklahoma City, Okla., both 88; 20. George White, Fort Worth, Texas, 79.IMCA Sunoco Stock Cars – 1. Dean Abbey, Roanoke, Texas, 538; 2. Westin Abbey, Comanche, Texas, 477; 3. Mark Adams, Fort Worth, Texas, 464; 4. Kirk Martin, Weatherford, Texas, 421; 5. Bryce Pritchett, Combine, Texas, 348; 6. Joe O’Bryan, Round Rock, Texas, 336; 7. G.W. Egbert IV, Belton, Texas, 312; 8. Andy Roller, Waco, Texas, 310; 9. Cody Center, Mesa, Ariz., 300; 10. Shelby Williams, Bonham, Texas, 289; 11. Dennis Losing, Apache Junction, Ariz., 284; 12. Dennis Bissonnette, Stephenville, Texas, Zach Spillman, Marble Falls, Texas, and Justin Wierenga, Killeen, Texas, each 277; 15. Dillon Smith, Hewitt, Texas, 265; 16. Duain Pritchett, Combine, Texas, 264; 17. Charles Cosper, Belton, Texas, 261; 18. Mike Childs, Hudson Oaks, Texas, 256; 19. Brandon Hood, McGregor, Texas, 248; 20. Damon Hammond, Burleson, Texas, 241.IMCA Sunoco Hobby Stocks – 1. Bradley Stafford, Desert Hills, Ariz., 284; 2. Allen Hakes, Phoenix, Ariz., 272; 3. Max Zachrison, Surprise, Ariz., 250; 4. Kyle Cardinal, Paradise Valley, Ariz., 232; 5. Ryan Wilkerson, Midland, Texas, 197; 6. Joe Vlasity, Glendale, Ariz., 196; 7. Gerald Spalding Jr., Abilene, Texas, 187; 8. Joseph Peterson, Chandler, Ariz., and Brian Johnson, Yuma, Ariz., both 182; 10. Lenna Miller, Yuma, Ariz., 164; 11. James Robinson, Yuma, Ariz., 145; 12. Mike Erwin, Yuma, Ariz., 130; 13. Rick Hibbard, Yuma, Ariz., 128; 14. Brady Bencken, Oakley, Kan., 119; 15. Scott Jeffery, Yuma, Ariz., and Tathan Burkhart, Hays, Kan., both 113; 17. Michael Watkins, Hawley, Texas, 112; 18. Brent Wofford, Yuma, Ariz., Leonard L. Manos, Yuma, Ariz., and Michael Whissen, Yuma, Ariz., each 107.Karl Chevrolet Northern SportMods – 1. Chase Alves, Chandler, Ariz., 680; 2. Jason George, Laveen, Ariz., 675; 3. Mark Harrison, Coolidge, Ariz., 532; 4. Mark Madrid, Phoenix, Ariz., 498; 5. Chris Toth, Holtville, Calif., 421; 6. Kyle Smith, Yuma, Ariz., 384; 7. Austin Howes, Memphis, Mo., 373; 8. Ethan Braaksma, Newton, Iowa, 353; 9. Bo Partain, Casa Grande, Ariz., 339; 10. Sean Isaacks, Tucson, Ariz., 317; 11. Arie Schouten, Blair, Neb., 292; 12. Marlowe Wrightsman, Peoria, Ariz., 287; 13. Fred Ryland, Brentwood, Calif., 280; 14. Miles Morris, Yuma, Ariz., 267; 15. Eric Folstad, Glenburn, N.D., 258; 16. Wayne Dotson, Bakersfield, Calif., 249; 17. Chase Rudolf, Prole, Iowa, 243; 18. T.J. Wyman, Laveen, Ariz., 236; 19. Brady Bjella, Williston, N.D., 213; 20. Charles Hunt, Yuma, Ariz., 211.Smiley’s Racing Products Southern SportMods – 1. Tyler Bragg, Springtown, Texas, 514; 2. Trevor Raney, Sherman, Texas, 483; 3. Gabe Tucker, Carbon, Texas, 455; 4. Ronnie Bell, Lorena, Texas, 352; 5. Rodney White, Ector, Texas, 343; 6. Taylor Florio, Copperas Cove, Texas, 312; 7. Dustin Robinson, Post, Texas, 300; 8. Kyle Wilkins, Italy, Texas, 274; 9. James McCreery, Midlothian, Texas, 268; 10. Hayden Wade, Waco, Texas, 264; 11. Justin Nabors, Kemp, Texas, 253; 12. Jake Upchurch, Grand Prairie, Texas, 251; 13. Scot Raney, Sherman, Texas, 226; 14. Steve Hayes, Eastland, Texas, 220; 15. Shane Priddy, Merkel, Texas, 219; 16. Jay Coone, Weatherford, Texas, 217; 17. Gerald Henderson, Georgetown, Texas, 188; 18. Justin Shaw, Sweetwater, Texas, and Thomas Walp, Olney, Texas, both 182; 20. Brock Shirley, Springtown, Texas, 173.Mach-1 Sport Compacts – 1. Julia Childs, Weatherford, Texas, 357; 2. Howard Watson, Weatherford, Texas, 344; 3. Scott Newbury, Rhome, Texas, 297; 4. Harold Clifton, Stephenville, Texas, 219; 5. Brian Bagent, Killeen, Texas, 212; 6. Clifton Whisenant, Proctor, Texas, 210; 7. James T. Morehead, Cleburne, Texas, 194; 8. Pamela Whisenant, Proctor, Texas, 168; 9. Dakota Dees, Weatherford, Texas, 166; 10. Rick Saupp, Stephenville, Texas, 156; 11. Bill Hall, Killeen, Texas, 121; 12. Zach Bohlmeyer, Beatrice, Neb., 117; 13. Drake Bohlmeyer, Beatrice, Neb., 115; 14. John Martinez, Beatrice, Neb., 108; 15. Jeff Toler, Mineral Wells, Texas, 107; 16. Phalan Bukowski, Mineral Wells, Texas, 104; 17. Robert Rutledge, Azle, Texas, 101; 18. Jack Lewis, Temple, Texas, and Billy Ayres Jr., Phoenix, Ariz., both 99; 20. Charles Burrows, Azle, Texas, 98.