Total second-quarter indexed annuity sales were $15.5 billion, up nearly 28 percent when compared with the same period last year.Read more
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Words mean different things depending on how they are used and who is hearing them. How will judges rule on the words in the Department of Labor fiduciary rule?
By now we “ve all heard that Aetna” s pulled out of participating in Obamacare. And importantly, in a carefully worded statement to the Department of Justice, while it was deliberating the healthcare company “s merger with Humana, Aetna indicated they” d be leaving the healthcare exchange if their merger was blocked by the Department of Justice.
A federal judge threw a skeptical line of questioning at the attorney defending the injunction request from the National Association of Fixed Annuities.
The problem: The insurance co-ops created by the law have mostly gone belly-up. UnitedHealth bowed out of most states where it offered individual plans on the exchanges. Aetna pulled out from 11 states. And smaller carriers, like the start-up Oscar Health, which has been struggling, have reduced their footprint. Many of the nonprofit Blue Cross plans and other…