Alabama's governor says the state won't create a health insurance exchange under the federal Affordable Care Act. Governor Ro bert Bentley had until this Friday to notify President Barack Obama's administration whether the state would create its own exchange or let the federal government implement one for them. The governor told a business group in Birmingham today that setting up the exchange would impose a $50 million dollar tax burden on the people of Alabama. Governor Bentley also said that he will not use the law to expand Medicaid to cover more low-income Alabamians.
Class Action Settlement
Attorneys for thousands of Gulf Coast property owners have urged a federal judge to give his final approval to a proposed class-action settlement that calls for a Chinese drywall manufacturer to pay hundreds of millions of dollars to repair homes damaged by their product. U.S. District Judge Eldon Fallon in New Orleans is held a hearing to help him judge the fairness of five separate but related settlement agreements between plaintiff's lawyers and companies that made, supplied or installed Chinese drywall. Plaintiff's attorney Arnold Levin said the settlements are worth an estimated $1.1 billion dollars. Most of that would be paid by Chinese drywall manufacturer Knauf Plasterboard Tianjin Co.
The LPGA Golf tournament at the Robert Trent Jones Golf Trail in Prattville is up in the air now that Navistar has withdrawn for the event. Navistar has been the title sponsor for the tournament for the last six years. The Montgomery Advertiser is reporting that the company blames the current business climate for having to reduce its sponsorship activities. The Sunbelt Golf Corporation and the Robert Trent Jones Golf Trail is currently looking for a new event sponsor.