The U.S. Centers for Medicare& Medicaid Services announced the figures for enrollment from Nov. 1 to Dec. 23 for 32 states using the federal HealthCare.gov website and 18 states and the District of Columbia using state-based marketplaces. A record number of people in the United States have health care coverage through the Affordable Care Act's Marketplace–…
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Byline: Jessica Menton, Elena Popina and Ishika Mookerjee Bloomberg. A wild 2023 for the U.S. stock market is drawing to a close, and investors are full of optimism for 2024 as the S&P 500 Index sits within striking distance of its first all-time high in nearly two years. With the Federal Reserve signaling that itâs likely done raising interest rates to tame…
A 26- year-old man in the United Kingdom has been charged with fraud and false representation after he listed on the auction selling platform eBay what he claimed to be a walking stick that was used by the late Queen Elizabeth II. A crown prosecutor in the case, Julie Macey, said Marshall attempted to use the death of the late queen to "try and hoodwink the public with…
Data: Federal Reserve; Chart: Axios VisualsThe wealthiest 10% of U.S. households now own nearly 93% of the stock market. Why it matters: This stat — which we first spotted in the FT — is a crucial bit of context to keep in mind amid the heavily hyped surge of smaller retail investors who flocked to the stock market during and after the COVID crisis.Details: While it's true that…
For the little less than 7 million members of prepaid health insurance companies, these are not easy weeks: between December and February, fee increases will reach 70% and up to 80%. For the companies, the challenge is also important: if they want to recompose the profit they consider logical, they must maintain their client portfolio, even in this context of a…
Lawmakers are looking to reform a snafu that has caused license suspensions for many Hoosiers related to insurance coverage. (Getty Images)Hundreds of Hoosiers each year unknowingly have their licenses suspended after auto accidents — specifically for failing to respond to the Bureau of Motor Vehicles’ mailed requests for insurance verification. Now, Indiana lawmakers are…
A long alliance between Vancouver real estate developer Dean Kirkland and OTAK Inc., a prominent Portland engineering and architecture firm, has given way to open warfare over alleged unpaid bills and enormous fee increases. Two days before Christmas, Kirkland Development hit OTAK and OTAK Architecture with a fraud lawsuit seeking more than $4.5 million in…
The accountants certified that Tingo Group had $462 million in the bank. The SEC says it was just $50. Short sellers are rejoicing.
Gavin Newsom and state legislators wrestle with a massive state budget deficit this year, a few blocks from the Capitol another crisis that could have far more impact on California families will be playing out. Citing heavy losses from disastrous wildfires and the potential for more destruction in the future, the largest insurers, such as State Farm and…
Takeaways: Kansas City-based St. Luke’s Health System completed its merger with St. Louis-based BJC Health System this month. The merger falls in line with a national trend of hospital system mergers driven in part by the need to negotiate with large insurers. Research shows hospital system mergers tend to lead to higher costs (and executive salaries) and less charity care. In…
Inflation has finally eased up— at 3.1%, it’ s less than half of what it was earlier this year— and gas is even below $3 per gallon in some states. The unemployment rate, which was 6.3% when President Joe Biden took office, has now had 22 straight months below 4%, a streak unmatched since the 1960 s. 2023 was one of the best years in decades for organized labor, the Dow and S&P…
After a long stretch of relative stability, the U.S. economy has hit a rough patch in recent years. To find out, Medical Economics spoke with Dan Danford, CFP, founder and CEO of Family Investment Center in St. Joseph and Kansas City, Missouri. Dan Danforth, CFP: The first is to use the 401 or, if you work for a nonprofit, the 403.
U.S. consumers' short-term inflation expectations declined in December to the lowest level since January 2021, according to a Federal Reserve Bank of New York survey released Monday. The contraction was boosted by respondents with a high school diploma or less, the New York Fed said. Those earning less than $50,000 a year expected income growth of 1%, while those…
The U.S. Federal Reserve will lead the turnaround of the richest countries after its monetary authorities projected 75 basis points of cuts for the year, marking an abrupt change from earlier warnings that rates could still rise for much of 2024.. Japan, meanwhile, will remain the standout among its peers, with Governor Kazuo Ueda expected to finally tighten…
Monetary policy had a major impact on the stock market in 2023 as the Federal Reserve raised interest rates. Rebecca Walser, President, Walser Wealth Management, joined TheStreet to discuss how monetary policy could impact stocks in 2024.. REBECCA WALSER: Yeah I mean, I think that they actually go hand in hand.
Listen to the article 5 min. –Elevance Health is suing the federal government over changes to how regulators calculate Medicare Advantage star ratings that are set to cost the insurer hundreds of millions of dollars in quality bonus revenue.– The CMS implemented a controversial change to how it calculates MA stars, a key measure of plan quality that determines…
A little-known voluntary annuity option was part of the 2023 UAW contracts reached at GM, Ford and Stellantis. Here's what it means for workers.
Beginning in January, the nation's most populous state will put to the test the idea that Medicaid is reserved for the needy, as determined by income and asset thresholds reflecting our earnings and wealth. It may create a burden that robs America's poor to pay rich Californians. California legislation signed back in 2021 will soon take effect, eliminating all…
Ohio National Seguros de Vida S.A. Chile, informed, as an essential fact, that a Proportional Reinsurance Contract for Disability and Survivorship Insurance and Burial Expenses under a Collective Insurance Policy in the Peruvian Private Pension System, for the period 01-01-2024 to 31-12-2024 ", has been subscribed between Ohio National Seguros de Vida S. A. del…