Alexandria Ocasio-Cortez said that President Joe Biden’s more than $2 trillion infrastructure plan doesn’t go far enough and isn’t fast enough. The New York Democrat also took issue with the amount of spending, arguing that an ideal plan would cost about $10 trillion.
One of the world’s largest container ships is stuck in the Suez Canal, and the ship’s owner and insurers face…
Caesars Entertainment sued a group of insurance carriers, accusing them of declining to cover more than $2 billion in estimated…
Colorado Democrats introduced a bill in the state legislature that opens the door to a statewide health insurance public option if insurance carriers don’t reduce health care premium costs by 20% over the individual and small-group markets.
Meanwhile, House Democrats are hustling to pass the American Rescue Plan with few changes, including $1,400 direct checks to unaffluent Americans, along with other expansions of aid.
President Joe Biden is expected to take executive action as early as Thursday to reopen the Affordable Care Act marketplaces as well as to lower the barriers to enroll in Medicaid.
Janet Yellen is one step closer to becoming Treasury secretary, with the Senate Finance Committee’s unanimously approving her nomination on Friday.
The nation’s largest financial firms as well as a major health insurance system are halting political donations after an attempt to disrupt the certification of the election resulted in a riot that killed five people.
Genworth and Oceanwide have not extended the current Dec. 31, 2020, “end date” under the merger agreement, Genworth said in a news release on its website. The deadline to complete the merger already has been extended 16 times. Such a merger was expected to infuse Genworth with $1.5 billion in capital.
First American Financial Corporation, a leading global provider of title insurance, settlement services and risk solutions for real estate transactions,…
Congress passed a bipartisan $900 billion COVID-19 relief bill after intense negotiations over its final details. $600 direct payment checks for every adult and child earning up to $75,000. Individuals earning between $75,000 and $99,000 would get smaller checks, and the benefit cuts out entirely for individuals earning over $99,000.
The legislation will protect patients from being billed in situations such as going to the emergency room and getting care from a physician who is out of network or not covered by the patient’s insurance plan. Consumers have received bills for thousands of dollars when they receive emergency care in an out-of-network facility.
President-elect Joe Biden’s first Cabinet picks are coming Tuesday and several names and clues are being leaked. But one popular candidate to lead the Treasury Department might be staying at the Federal Reserve, according to a tweet Monday afternoon.
Some possible outcomes as the constitutionality of the Affordable Care Act goes before the Supreme Court once again.
A Kaiser Family Foundation tracking poll found nine in 10 Democrats (89%) and two-thirds of independents (66%) also said they do not want to see the Supreme Court overturn the Affordable Care Act while three-fourths of Republicans (76%) said they would like to see the entire law overturned.
Advisors are spending less time meeting with clients face to face, but advisors also are helping clients with COVID-19 concerns,…
Consumers postponed nonessential health procedures during the initial COVID-19 outbreak, and that led to unusually high second-quarter earnings for publicly…
The Supreme Court will hear oral arguments in a Trump administration-backed lawsuit to strike down the Affordable Care Act one week after Election Day. The case against the ACA is led by Texas and a group of Republican-led states. California and a group of Democratic-led states are defending the law.
Only one in five of the 143 largest statewide public retirement systems in the U.S. are resilient, a new analysis published by the bipartisan nonprofit Equable Institute shows. And five states California, Illinois, New Jersey, Pennsylvania and Texas account for more than 50 percent of unfunded liabilities.
It seems like we’ve been living with the coronavirus pandemic in a slow-motion time warp. But it’s time we snap out of it and beat this plague with the can-do attitude that has characterized Americans’ character when faced with other seemingly insurmountable crises.
A Quinnipiac University poll of Florida voters released last month showed Biden leading Trump by three points, 49% to 46%, among older voters. The poll said 80% of people over the age of 65 were paying “a lot” of attention to the presidential race.
The White House and top Democratic lawmakers sparred Sunday over President Donald Trump’ s executive orders to extend expired benefits to tens of millions of American workers left unemployed by the coronavirus pandemic and defer payroll taxes for many workers.
Top Democrats emerged from a 90-minute meeting with Trump administration officials to declare more progress on reaching common ground in an aid package expected to include a second round of $1,200 direct payments. Another glimmer of hope emerged as a key Senate Republican suggested the party may yield to Democrats on an increase in the food stamp benefit.
As the US entered August, the economic damage from the necessary social distancing and closure protocols to contain the spread of the coronavirus disease began to hit. The US economy is suffering an even bigger shock than after the 9/ 11 terror attacks or the 2008 financial crisis.
New research has shed light on a longstanding healthcare system challenge that affects more than 1 in 3 Americans: Health outcomes are not improving for those with complex, chronic health concerns, even though they see their doctor frequently and take multiple medications.
This week, the Biden campaign released its fourth and final plank in the former Vice President’s package of economic ideas: a plan for racial economic equity. But contained in the plan was a less-flashy proposal: asking the Federal Reserve to explicitly take race into account when it sets policy.
House Democrats said the Affordable Care Act will be just fine without the individual mandate. That was one contention made in a Supreme Court brief filed to support the Affordable Care Act against a lawsuit, backed by the Trump administration, that would overturn the 2010 law.
President Donald Trump signed four executive orders Friday aimed at lowering prescription drug prices for consumers, including allowing the importation of drugs from other nations.
The court’s decision means that Reg BI, which which establishes a new advice standard for brokers, can take effect as planned on Tuesday.
The measure includes Democratic priorities such as expanding the ACA’s subsidies to make premiums more affordable and encouraging states to expand Medicaid by increasing federal Medicaid funding. It also would do away with Trump administration policies such as expanding the availability of short-term plans that compete with ACA coverage.
Franklin Templeton Investments fired an employee following a confrontation in New York’s Central Park that was caught on video and sparked a discussion on race.
The Trump administration will not reopen the federal health insurance exchanges for a special enrollment period in the wake of the COVID-19 pandemic, although several states that operate their own exchanges will continue to allow people to sign up for coverage.
The Senate passed an unparalleled $2.2 trillion economic rescue package steering aid to businesses, workers and health care systems engulfed by the coronavirus pandemic. The unanimous vote Wednesday came despite misgivings on both sides.
The court will hear the case in its new term, which begins in October. This means that the Affordable Care Act will continue for at least another year.
The program — labeled “Healthy Adult Opportunity” — will allow states to ask permission to end their traditional, open-ended Medicaid program and put hard caps on how much money states and the federal government will spend on the poor and disabled.
Pennsylvania Insurance Commissioner Jennifer Altman filed an application with the state’s Commonwealth Court to have Senior Health Insurance of Pennsylvania placed in rehabilitation.
The Trump administration is finalizing a block grant plan that targets the Medicaid expansion brought about under the Affordable Care Act, Politico reported Friday.
President Donald Trump reassured his Twitter followers that he would keep Social Security benefits safe from any possible cuts after an interview in which he implied he would be open to cuts in entitlement programs including Medicare.
America’s Health Insurance Plans wants the U.S. Supreme Court to decide quickly on whether the Affordable Care Act is valid. Arguments center on the Republican-led Congress’ passage of the Tax Cuts and Jobs Act in 2017, which eliminated – or zeroed out – the ACA’s penalty for people who did not have health insurance.
A group of 18 Blue Cross Blue Shield health insurers is helping to create a nonprofit drug company to make certain generic drugs itself. The insurers are targeting medicines where there is a lack of competition and a need to bring down prices.
The president suggested he would be willing to consider cuts to programs such as Medicare to reduce the federal deficit if he wins a second term. Spending on Social Security, Medicare and Medicaid is expected to cost the federal government more than $30 trillion through 2029, according to the Congressional Budget Office.
The American Medical Association and the American College of Physicians want to see everyone get coverage but have differing ideas on how to get there.
A collection of conservative groups is mobilizing to oppose a measure that would ban “surprise” medical bills patients sometimes receive from hospitals and providers when their services aren’t covered by insurance.
President Donald Trump is tweeting about how he saved the Affordable Care Act’s protections for people who have pre-existing conditions, even as he is backing a court challenge to the law that would overturn the ACA and eliminate those protections.
Health insurance premiums for plans purchased through Affordable Care Act marketplaces for 2020 decreased in 31 states, a new analysis shows.
Three key provisions of the SECURE Act will likely affect the way client’s handle their IRA. These provisions went into effect on Jan. 1 and include 1) eliminating the stretch provision on inherited IRAs, 2) increasing the RMD age from 70½ to 72, and 3) allowing individuals older than 70½ to make contributions to traditional IRAs.
Congress passed an important retirement-savings law called Setting Every Community Up for Retirement Enhancement, or the SECURE Act of 2019. For example, the bill raises the age for required minimum distributions (RMDs) from 70 1/2 to 72 years old. As long as you’re working, you can still contribute to your IRA after age 70 1/2. Previously, you couldn’t.
The National Cannabis Risk Management Association (NCRMA) and Garnet Casualty Insurance Corporation (Garnet) have announced a partnership that organizers say will bring normalcy to the nation’s cannabis insurance market.
Who will pay for Sen. Elizabeth Warren’s plan to provide “Medicare for All”?
The U.S. Senate rejected a Democratic attempt to roll back a Trump administration rule that would allow states to disregard part of the Affordable Care Act and permit the sale of what some call “junk insurance.”
Federal Reserve cuts rates for 3rd time this year but signals it will pause its rate reductions.The Federal Open Market Committee lowered its benchmark funds rate by 25 basis points to a range of 1.5% to 1.75% as expected.
House conservatives on Tuesday announced a plan that they said is an alternative to “Medicare for All” and other single-payer proposals being debated by Democratic presidential candidates.
The Federal Reserve announced its decision today to cut interest rates. The move had been expected and while President Donald Trump urged a rate cut, he still might not be happy with the decision.
Employee benefits provider Unum finds that 38% of U.S. adults rate their ability to manage finances as average, poor, or very poor. Thirty-five percent say thinking about what would happen to their family should they die unexpectedly was a top cause of anxiety; only going to the dentist (40%) rated higher.
Between your 401 or pension, your IRA and Social Security, you hope to have enough to enjoy a comfortable retirement lifestyle. Yet, you may want, or need, to find other financial resources one of which might be a fixed annuity, which offers a guaranteed interest rate and can be structured to provide a lifetime income stream.
Accenture today announced that Principal Financial Group (R) has implemented the Accenture Life Insurance& Annuity Platform to enable its digital growth strategy with enhanced service levels and operating efficiency. “ALIP will help us improve our customer and advisor experience by providing the foundation to enhance our digital capabilities, deliver…
Although 28 percent of employed Americans have voluntary group life insurance through their employer, 59% of workers who say they don’t because their employer doesn’t offer it say they would be likely to purchase it if it was an option. That’s according to a survey conducted online by The Harris Poll on behalf of OneAmerica.
A Philadelphia- based health insurer plans to apply for an HMO license in Minnesota so it can compete for business in Minnesota’s public programs for lower-income residents. The plans were disclosed to the Star Tribune on Monday by AmeriHealth Caritas, a for-profit subsidiary of Independence Health Group, which is the parent company of the Blue Cross…
The provision to ACA was sponsored by former Minnesota Sen. Al Franken and requires health insurers must spend most of the premium dollars collected on actual health care or return the money to plan participants. In 2018, insurers across the country paid out nearly $707 million in rebates to nearly 6 million consumers.
With stocks exhibiting extreme volatility and growth slowing in all the major economies, many individual investors are rebalancing portfolios toward bonds — savvy investors will resist this temptation and stick with stocks.