Franklin Templeton Disavows Racism After Twitter Outrage Over Central Park Incident
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.
Wire Reports
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.
Everything You Wanted To Know About The COVID-19 Stimulus Bill
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.
Supreme Court Will Hear Challenge To ACA Individual Mandate
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.
Trump Administration To Permit Medicaid Block Grants
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 Moves To Place Health Insurer In Rehabilitation
Pennsylvania Insurance Commissioner Jennifer Altman filed an application with the state’s Commonwealth Court to have Senior Health Insurance of Pennsylvania placed in rehabilitation.
Trump Administration Looks At Medicaid Block Grants
The Trump administration is finalizing a block grant plan that targets the Medicaid expansion brought about under the Affordable Care Act, Politico reported Friday.
Trump, On Twitter, Pledges To ‘Save’ Social Security
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.
AHIP Wants ACA Court Case To Move Quickly
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.
Insurers Start Drug Company To Lower Prescription Prices
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.
Medicare Cuts Could Be ‘On The Table’ Later This Year, Trump Suggests
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.
Physicians’ Groups Have Opposing Views On ‘Medicare For All’
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.
Conservative Groups Take Aim At Fix To ‘Surprise’ Billing
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.
What Will Happen To Protection Over Pre-Existing Conditions?
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.
31 States See ACA Premiums Drop For 2020
Health insurance premiums for plans purchased through Affordable Care Act marketplaces for 2020 decreased in 31 states, a new analysis shows.
Financial Planning: Getting Smart About The SECURE Act, Part 2
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.
SECURE Act, Signed By Trump, A Game-Changer For Retirement Plans
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.
Sen. Warren Releases Plan To Pay For ‘Medicare For All’
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.”
