Michigan Business and Professional Association

The Michigan Business and Professional Association (http://michbusiness.org/) (MBPA) and its sister organization the Michigan Food and Beverage Association (http://www.michfood.org/) (MFBA) strongly support the Senate Government Operations Committee's vote today to back the expansion of Medicaid as provided for by the 2010 federal Affordable Care Act (ACA).

“We are very pleased to see leaders in the Senate join the House and Governor Snyder in supporting measures that may add more than 400,000 uninsured, low-income Michigan residents to the state’s Medicaid rolls and bring approximately $2 billion more in Medicaid funding here, saving Michigan roughly $200 million annually,” said Jennifer Kluge, MBPA and MFBA President and CEO.  “We are hopeful that this latest action by the Committee will pave the way for final passage by the full Senate when it reconvenes in late August allowing the state to leverage more than $20 billion in federal dollars to flow into Michigan through 2023 and generate $1.2 billion in savings through 2020,” she continued.

The expansion of Medicaid provided for by the Affordable Care Act (ACA) is the way that people who could not otherwise afford health insurance will now qualify for coverage. Under the ACA, the federal government will pay 100 percent of the cost through 2016, after which Michigan’s cost would gradually increase to 10 percent between 2017 and 2020 and then remain at that level.

The current version before the Senate committee builds on a bill passed by the House of Representatives in June (HB 4714) and applies additional requirements that include: Department of Community Health reviews to ensure the program is cost-effective; incentives for meeting quality, cost and utilization targets; measures to foster healthy behaviors in patients; stronger language on making sure the state doesn’t pay more than it’s supposed to; and a pharmaceutical benefit plan that encourages the use of high-value, low-cost prescriptions through co-pays.  

Bonnie Bochniak, vice president of Government Relations for MBPA and MFBA, added, “Providing health care benefits to citizens in need is good for business and the future of the state.”  She noted that while the MBPA and MFBA did not support the ACA, “We believe it is time to move forward together and guarantee that our state reaps the benefits of this industry changing law.”

The Michigan Business and Professional Association boasts a statewide sphere of influence that no other organization of its kind can claim, leveraging a depth of programs and community initiatives that positively impact more than 150,000 businesses. Learn more at www.michbusiness.org.

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These are very common, however, there are a few other fibonacci levels that can provide resistance. These are the 75%, 78.6%, 87.5%, and 88.7% retracement levels. The common rule of thumb is that when the 50% retracement level is taken out, the four levels I just mentioned become magnets to attract price. 2-Fx7 Screen »»Fx7Screen Breakout »»FxScreenWave 3-FX7Screens »»FX7Screen Oscilator »»FiboScreenFan ibonacci fans are created by first drawing a trendline through two points (usually the high and low in a given period), and then by dividing the vertical distance between the two points by the key Fibonacci ratios of 38.2%, 50% and 61.8%. The result of these divisions each represent a point within the vertical distance. The three 'fan' lines are then created by drawing a line from the leftmost point to each of the three representing a Fibonacci ratio.

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Volatile Forex Markets Mean Professional Traders Need to Get Smart About Stop Losses

Across the globe, savvy Forex traders have been taking advantage of larger than normal volatility with some Forex pairs, like the AUD/USD, dropping nearly 800 pips or 8 full cents. As investors around the world take a flight to safety and back the US dollar, those trading long the AUD/USD need to be smart about their stop loss strategies in order to protect the downside and limit their losses.

Ashley Jessen from http://www.capitalcfds.com.au  says "Professional Forex traders understand how critical it is to cut their loss on any one trade as a loss in capital of 25% takes 33% to get back to break even and a loss of 50% takes 100% to get back to break even. The emotional freedom you receive when you cut a larger than normal loss can be quite overwhelming as it truly frees your mind and your ability to think clearly."

Capital CFDs offers an automated stop loss policy on every Forex trade so should a trader forget to place a stop, you are covered with their automated stop loss facility. This is calculated automatically and ensures that if your position were to run against you significantly, then your trading account would have a degree of protection.

"Stop losses allow smart traders to predetermine their risk and put the odds in their favour by only selecting Forex trades where the potential reward is 2-3 times the size of that risk. If the trade doesn't work out, you have a relatively small loss and you can move confidently to your next trade." says Ashley Jessen.

"Traders need to be proactive and use sensible trading strategies that put the odds in their favour by cutting losses off short and ensuring they have the opportunity for good upside. Capital CFDs automates that one critical component of all successful traders by having a stop loss mandatory on every single trade. It's important to understand as well that every trader has complete control over where they place their stop loss and amending the automated stop loss takes seconds." Jessen says.

For more information on the Capital CFDs automated Stop loss facility, visit their website at http://www.capitalcfds.com.au

Capital CFDs is a trading name of London Capital Group Pty Limited and is fully owned by London Capital Group Holdings Plc which is listed on the London Stock Exchange. London Capital Group transacts over 30,000 trades each day and has over 70,000 clients globally. Capital CFDs is regulated by ASIC under AFSL 364264

While Capital CFDs attempts to ensure that the information herein is accurate at the date the information was produced, however, Capital CFDs does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information provided herein and under no circumstances are they to be considered an offer, solicitation to invest or be construed as giving investment advice.

View the original article here

Volatile Forex Markets Mean Professional Traders Need to Get Smart About Stop Losses

Across the globe, savvy Forex traders have been taking advantage of larger than normal volatility with some Forex pairs, like the AUD/USD, dropping nearly 800 pips or 8 full cents. As investors around the world take a flight to safety and back the US dollar, those trading long the AUD/USD need to be smart about their stop loss strategies in order to protect the downside and limit their losses.

Ashley Jessen from http://www.capitalcfds.com.au  says "Professional Forex traders understand how critical it is to cut their loss on any one trade as a loss in capital of 25% takes 33% to get back to break even and a loss of 50% takes 100% to get back to break even. The emotional freedom you receive when you cut a larger than normal loss can be quite overwhelming as it truly frees your mind and your ability to think clearly."

Capital CFDs offers an automated stop loss policy on every Forex trade so should a trader forget to place a stop, you are covered with their automated stop loss facility. This is calculated automatically and ensures that if your position were to run against you significantly, then your trading account would have a degree of protection.

"Stop losses allow smart traders to predetermine their risk and put the odds in their favour by only selecting Forex trades where the potential reward is 2-3 times the size of that risk. If the trade doesn't work out, you have a relatively small loss and you can move confidently to your next trade." says Ashley Jessen.

"Traders need to be proactive and use sensible trading strategies that put the odds in their favour by cutting losses off short and ensuring they have the opportunity for good upside. Capital CFDs automates that one critical component of all successful traders by having a stop loss mandatory on every single trade. It's important to understand as well that every trader has complete control over where they place their stop loss and amending the automated stop loss takes seconds." Jessen says.

For more information on the Capital CFDs automated Stop loss facility, visit their website at http://www.capitalcfds.com.au

Capital CFDs is a trading name of London Capital Group Pty Limited and is fully owned by London Capital Group Holdings Plc which is listed on the London Stock Exchange. London Capital Group transacts over 30,000 trades each day and has over 70,000 clients globally. Capital CFDs is regulated by ASIC under AFSL 364264

While Capital CFDs attempts to ensure that the information herein is accurate at the date the information was produced, however, Capital CFDs does not guarantee the accuracy, timeliness, completeness, performance or fitness for a particular purpose of any of the information provided herein and under no circumstances are they to be considered an offer, solicitation to invest or be construed as giving investment advice.

View the original article here