The following information was released by the Department of the Treasury:. Today, Secretary of the Treasury Scott Bessent met with state insurance commissioners and the National Association of Insurance Commissioners. Secretary Bessent and the state insurance commissioners discussed the U.S. life insurance sector, including recent developments in…

Data: Bureau of Labor Statistics; Chart: Courtenay Brown/Axios The U.S. economy added 115,000 jobs in April, while the unemployment rate held at 4.3%, the Labor Department said on Friday. Why it matters: Employers kept hiring through the Iran war’s energy shock, a sign of labor market resilience that complicates the case for the Federal Reserve to cut interest rates. By the…

Pennsylvania’s Affordable Care Act marketplace has seen health insurance cancellations skyrocket so far this year. The big picture: Spiking insurance premiums, driven in part by recently expired federal subsidies, are pushing enrollment down, as higher costs for energy, gas and food strain household budgets. State of play: Roughly 45,000 Pennsylvanians have dropped coverage through…

Prime Healthcare, which owns eight Illinois hospitals, will remain in-network with the state’ s largest health insurer, Blue Cross and Blue Shield of Illinois for now, following months of uncertainty over whether the two companies would reach a contract agreement, the health system announced Thursday evening. Had they been unable to reach an agreement, Prime…

The Ohio State Bar Association and ALPS Insurance today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company, a leading provider of professional liability insurance for attorneys in Ohio. The transaction reflects a shared commitment to strengthening the long-term delivery…

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a+” to Tokio Marine Newa Insurance Co., Ltd.. Established in 1999 by Yulon Group, a major automobile conglomerate in Taiwan, and later partnered with Tokio Marine Group, TMNewa is the fourth largest non-life insurer in Taiwan, with a 7.6% market share in 2025.

TOPEKA — Lydia Shontz-Hochstedler was diagnosed with breast cancer in 2021 at age 32. She accumulated thousands of dollars of medical debt that will take years to pay off. As a state employee, news that Kansas officials are considering dropping Blue Cross Blue Shield of Kansas as a health plan administrator raised “serious concerns,” she…

The following information was released by the American Lung Association:. 14 nonpartisan organizations representing millions of patients living with serious and chronic health conditions are concerned that HB 696 CCS, signed by Josh Stein Thursday, puts in place new, overly burdensome requirements for people with Medicaid health insurance coverage in…

The following information was released by the American Medical Association:. Meanwhile, specialists such as ob-gyns are very likely to face a medical liability claim during their career. For a deeper dive on the latest in legislative trends, research and advocacy efforts on medical liability reform, tune into the AMA's May 20 webinar on the subject.Learn more…

IAM Union Local W33 and 760 members working at PCA Paper Products in International Falls, Minn., along with members of the four other unions represented at the plant, have ratified a strong four-year agreement after two weeks of negotiations. "This agreement shows what's possible when workers stand united across unions with a clear plan and strong preparation,"…

The Federal Reserve left interest rates steady Wednesday in what was almost certainly Jerome Powell’s final meeting as its leader, but there were the most internal dissents at a Fed meeting in 34 years. The big picture: The surprising dissents show that Kevin Warsh, whose confirmation to lead the Fed is pending in the Senate, will face significant internal resistance to delivering…

Data: Federal Reserve Bank of New York; Chart: Courtenay Brown/Axios The uncomfortable new normal for the U.S. economy: spending growth concentrated at the top of the income ladder, a split largely explained by wealth gains from financial assets. Why it matters: The K-shaped economy is real, though it is not particularly new. That’s the conclusion of research out Friday morning…

When Kevin Warsh takes over as Federal Reserve chair, he will face vocal internal opposition to any attempts to cut rates prematurely. His predecessor will also still be roaming the halls. Why it matters: Taken together, Wednesday’s news out of the William McChesney Martin Jr. Building means that Warsh will face serious constraints if he wants to rapidly steer the Fed in ways that…

Federal Reserve chair Jerome Powell said on Wednesday that he will remain a central bank governor "for a period of time to be determined," citing attempted political interference. Why it matters: It extends Powell’s influence over monetary policy beyond the conclusion of his term as Fed chair on May 15. His term as one of seven Fed governors extends through January 2028. It denies…

This is shaping up to be a momentous week for the Federal Reserve. What comes next for the Fed’s leadership has come into clearer focus in the last three days, but one big question hangs over the institution. The big picture: On Wednesday, the Senate Banking Committee is set to advance Kevin Warsh’s nomination to lead the Fed, after Sen. Thom Tillis (R-N.C.) indicated his…

The Centers for Medicare& Medicaid Services, now led by Dr. As a result, the insurer has announced large-scale cutbacks and Georgia will be among the states hit the hardest. Because the state has one of the highest Medicare Advantage enrollment rates in the country, a large share of Georgia seniors could feel this directly.

GREENSBORO, N.C.— North Carolina Attorney General Jeff Jackson announced on Tuesday that the state has reached a six-figure settlement in a Greensboro Medicaid fraud investigation. The United States Attorney's Office for the Middle District of North Carolina reached a $584,143 settlement with Crossroads Treatment Center of Greensboro, P.C., to settle…

CMS Releases Proposed Rule To Improve Prior Authorization Processes. Within the 2026 Centers for Medicare& Medicaid Services Interoperability Standards and Prior Authorization for Drugs proposed rule, CMS announced plans to improve prior authorization processes for patients insured through a Medicare Advantage, state Medicaid and Children's Health…

As a nationally recognized expert on patient advocacy, Long, a Wyndmoor resident, has testified before Congress. For instance, during the Biden Administration, the Department of Labor convened a committee to address the bureaucratic red tape insurers use to deny patient claims. "You would think… that the Centers for Medicare and Medicaid would want to do…