Wednesday, February 22

Spotlight

Encouraging employees to take responsibility for their own health — and to spend on health care like it’s their own money — plays an increasing role in efforts by the insurance industry to stem double-digit increases in the cost of health coverage. 

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The New Jersey Health Care Quality Institute plans to launch a program this summer to help companies improve the health of their employees.
“Our wellness program for companies is going to be focused on chronic disease management,” said David Knowlton, CEO of the institute. He said it will be modeled on the institute’s Mayors Wellness Campaign, where mayors lead the community’s wellness effort.

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High-deductible health care plans, which offer employers and their workers lower premiums by making individuals and families responsible for the first $1,000 or more of their medical bills, are gaining in popularity as employers struggle with double-digit health plan increases.

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Cutting the high cost of doing business in New Jersey, especially by reining in property taxes, would encourage the growth of the state’s manufacturing sector, according to Henry A. Plotkin, former executive director of the State Employment and Training Commission.

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Elray Manufacturing, in Glassboro, which makes metal parts for airplanes and satellites, and Triangle Ink, of Wallington, with customers from Pakistan to California, both illustrate New Jersey’s manufacturing resilience in the global economy.

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People from all over the world walk around with Triangle Manufacturing’s products inside them. At the Upper Saddle River company, machinists use computerized metalworking tools to make orthopedic implants, like artificial knees and hips, which are sold to more than 30 medical device companies.

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Backed by state and federal support, the construction and renovation of charter schools has been gaining momentum in New Jersey, presenting new opportunities for local architecture firms. But designing a charter school can involve a learning curve, as architects must work with tighter budgets and more building constraints than with a traditional school.

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Gov. Chris Christie’s recommendation to standardize school designs isn’t getting high marks from the local architecture community, who said such a proposal not only lacks feasibility, but would fail to produce any time or cost savings.

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The 9.0-magnitude earthquake that hit Japan in March isn’t likely to shake up building design codes in the Garden State, according to one local architect.

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Balancing a municipal budget isn’t an easy task at a time of economic contraction, but at least one spending category has been taxpayer-friendly of late — infrastructure improvements.

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Not every government budget line is subject to possible deletion, but even contractors that provide seemingly untouchable services are seeing the effects of government budget constraints.

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With Republicans running the House and Democrats in charge of the Senate and the White House, many fear 2011 could bring
the first federal government shutdown in 16 years.

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With new federal tax-relief legislation now in effect, business owners have a small window of opportunity to gift interests in their businesses tax free, and to lower or potentially eliminate their future New Jersey estate tax burdens during a two-year period, according to tax experts.

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