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Nixon Requires Insurance Companies to Make Timely Payments April 27, 2010

Posted by kbianews in KRCU.
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Gov. Jay Nixon (File photo by: Kyle Stokes, KBIA)

KRCU’s Jacob McCleland brings us this story. Gov. Jay Nixon Tuesday signed into law a bill that requires insurance companies make timely payments to medical providers.

Speaking at St. Francis Medical Center in Cape Girardeau, the governor says that the so-called “prompt pay bill” eliminates the practice of suspending claims.

“Claims like this can live in a state of unpaid limbo for months or even years. All the while, patients who have paid insurance premiums continue to receive bills while the claims are suspended. The bill I am signing today outlaws suspended claims, making them a thing of the past. From now on, insurers must either pay or reject claims.”

The bill includes provision for a 1% per day penalty that insurance companies must pay to medical providers if payment is delayed by more than 45 days.

The new law will become effective January 1, 2011.


McCaskill Blasts Goldman-Sachs April 27, 2010

Posted by kbianews in St. Louis Public Radio.
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Missouri Senator Claire McCaskill was among the lawmakers blasting executives at Wall Street banker Goldman-Sachs, who were testifying Tuesday before Congress. St. Louis Public Radio’s Adam Allington has more.

Hear it all here.

New Podcast April 19-23! April 26, 2010

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Menards Megastore is brining new jobs to Jefferson City. (Photo by: Tayler Overschmidt, KBIA)

Click below to get a sneak peak of few stories that made it in this week’s round-up:

To hear the entire podcast, click here.

Start-up Company Hopes to Build Legacy with Electric Vehicles April 23, 2010

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Truck cabs sit just outside the assembly area at Smith Electric. (Photo by: Bill Anderson, KCUR)

Kansas City has a long and storied auto manufacturing footprint. Now, a start-up company is hoping to make its mark with battery-powered electric vehicles. KCUR’s Bill Anderson recently spoke with Bryan Hansel, CEO of Smith Electric Vehicles, and asked, “Why short-haul delivery trucks? Why not cars?”

This topic was explored as part of “Shifting Gears: Retooling the U.S. Auto Industry,” a documentary that aired on KCUR. The program included this report.

Listen now.

More Bad News for Missouri’s Budget April 23, 2010

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There’s more bad budget news for Missouri. The state’s budget director announced Thursday an unexpected 20 percent drop in state revenue collections for the first 20 days of April.

Here’s the story.

Business Beat: Upgrade to Energy-Efficient Appliances, Jeff City Menards Opens Up April 23, 2010

Posted by kbianews in KBIA.
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Menards Mega Store promises new jobs in Jefferson City. (Photo by Tayler Overschmidt, KBIA.)

On this week’s Business Beat from KBIA: Another Cash for Clunkers program is going on this week, but it’s not for cars. Plus, a Menards Mega Store is now open for business in Jefferson city. And, a photography staple in Columbia will stay open after a buyer stepped in to save the store.
Hosted by KBIA’s Justin Rottger.

Click here for more.

Eads Bridge Construction Begins April 21, 2010

Posted by kbianews in St. Louis Public Radio.
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Federal, state and local political figures prepare to ceremonially break ground on the new Mississippi River bridge. (Photo by: Rachel Lippmann, St. Louis Public Radio)

Federal, state and local officials from the St. Louis region gathered on the Eads Bridge Monday to ceremonially start construction on the $670,000,000 new Mississippi River Bridge.

As St. Louis Public Radio’s Rachel Lippmann reports, most dignitaries present gave much of the credit to one Illinois Congressman.

Missouri Senate Passes Budget April 15, 2010

Posted by kbianews in St. Louis Public Radio.
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Missouri State Capitol

St. Louis Public Radio’s Marshall Griffin reports that the Missouri Senate has passed all 13 bills that make up next year’s state budget. House and Senate negotiators have until May 7th to craft and vote out the final version of the state budget.

Here’s the stroy.

Web Extra! Hear from Republican Senator Jason Crowell of Cape Girardeau. He says many of the cuts would not be necessary if state leaders would stop giving away millions in tax breaks.

Also, here’s Republican Rob Mayer from the Missouri Boot-heel. Mayer sponsored the 13 budget bills in the Senate, which now go back to the House.

Business Beat: It’s Tax Time April 15, 2010

Posted by kbianews in KBIA.
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Andrew Zumwalt

On the most recent edition of KBIA’s Business Beat, a financial planning specialist gives some tax advice for late tax returns. Plus, a group of community leaders teams up to fight the repeal of a Missouri tax. Hosted by KBIA’s Justin Rottger.

Hear it all here.

Business Beat: Healthcare, Biotechnology & Tax Credits April 7, 2010

Posted by kbianews in KBIA.
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Columbia's newly elected mayor Bob McDavid talks with Sen. Kit Bond. (Photo by KBIA News.)

On this edition of KBIA’s Business Beat, a Missouri House Committee reviews Gov. Jay Nixon’s proposal concerning tax credits. Sen. Kit Bond makes an appearance on the University of Missouri campus to talk about biotechnology. And, Rep. Roy Blunt also stops in Columbia to discuss health care. Hosted by KBIA’s Justin Rottger.

Get more info here.