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The case for high interest rates

April 19, 2024

—then Federal Reserve Chairman Jerome Powell is Wile E. Coyote. Wile E. Coyote is always trying and failing to vanquish Roadrunner, who in this allegory stands for economic growth. Wile E. Coyote uses every instrument of destruction he can think of to kill Roadrunner.

Texas families could lose at-home nursing under stricter Medicaid rule

April 19, 2024

JaReen Williams adjusts an iPad for her 16-year-old daughter, Lydia, so she can watch one of her comfort shows "Charlie Brown" in preparation for the treatment she undergoes three times a week by a nurse. Credit: Annie Mulligan for The Texas Tribune Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to speed on the most essential Texas news. As…

Insurers at risk: three companies on the brink

April 19, 2024

Due to numerous irregularities detected by the National Superintendence of Insurance and, after several millionaire sanctions from the state agency, the intervening court ruled the "dissolution of the company and its liquidation by the controlling authority" of Escudo Seguros, leading to the liquidation of its assets. The resolution, issued by the judge of…

Atlanta residents have a retirement ā€˜magic number’; many are far from it

April 18, 2024

Atlanta residents have aā€œ magic numberā€ in mind when planning for their retirements, but many are having a tough time saving up. ā€œWe are seeing the effects of higher inflation on two fronts when it comes to retirement planning,ā€ Ben Glassman, private wealth advisor and director of financial planning at Haven Wealth Advisors, told Northwestern Mutual in a press…

Social Security: the mistake made by too many people waiting for retirement

April 18, 2024

How to increase the Social Security payment by $150? Will Social Security pay another stimulus check in 2024? Who will get $10 for every $100 deducted from Social Security?

Michigan doctor accused of $400,000 disability insurance fraud scheme to stand trial

April 18, 2024

OAKLAND COUNTY, MI– A doctor from Oakland County is expected to stand trial on eight felony charges related to an alleged $400,000 disability insurance scheme. Rainna Furnari Brazil, 57, of Sylvan Lake, is charged with three counts of false pretenses- $100,000 or more, two counts of false pretenses $20,000 or more but less than $50,000, two counts of failure to file…

What’s happening with renters insurance in Nevada?

April 18, 2024

Renters insurance in Nevada is higher than the national average. Nevada has the 14th highest renters insurance in the U.S., with an average monthly premium of $175 in 2021, which is the most recent data available, according to the Insurance Information Institute. Renters insurance isn’ t required by law in Nevada, but it can be a requirement for tenants within…

Fear of post-quake fires feeding insurance crisis

April 18, 2024

Two major insurers, State Farm and Safeco (which is owned by Liberty Mutual), have cited the risk of earthquake-induced fires when cutting back on policies in the Bay Area and beyond.

Aetna sued by group of western PA hospitals

April 18, 2024

A consortium of eight Western Pennsylvania hospitals and more than 400 doctors who collaborate in improving care and holding down health care costs is suing Aetna Network Services LLC for breach of contract, alleging the health insurance giant is tucking extra costs into their agreement that boosts Aetna’s plan enrollment.

Ex-Army man admits to swindling nearly $10M from Gold Star families

April 17, 2024

Caz Craffy, 41, a onetime financial advisor in the U.S. Army from New Jersey, has pleaded guilty to swindling grieving Gold Star families out of millions through a series of insurance fraud schemes that spanned years.

ā€˜Provider burden’ bill pits health care providers against insurance companies

April 16, 2024

The overwhelming burden of time, effort and paperwork needed to make sure insurers will cover procedures and medication for patients is driving people out of an already short-staffed industry, providers say.Ā 

Rising complaints of unauthorized ACA plan-switching and sign-ups trigger concern

April 16, 2024

Federal and state regulators aren’t doing enough to stop the growing problem of rogue health insurance brokers making unauthorized policy switches for Affordable Care Act policyholders, say consumers, agents, nonprofit enrollee assistance groups, and other insurance experts.

Veterans who recruited troops for $65M insurance fraud scheme sentenced to prison

April 16, 2024

Two veterans convicted for their roles in bilking more than $65 million from U.S. military health insurer Tricare have been sentenced and ordered to pay back millions of dollars, the Justice Department said.

New York’s top court to hear case over state requiring health plans to cover abortion costs

April 16, 2024

A long-running legal fight over New York requiring employers to include abortion coverage in their workers’ health insurance plans goes before the state’s highest court on Tuesday.

A Lamborghini, a mansion and more: How a Florida man spent health insurance fraud money

April 16, 2024

A federal judge has sentenced a one-time sober home operator from Jupiter to four years in prison for defrauding a health insurance benefits program of more than $4 million.

Elderly drivers are at higher risk of fatal injuries in accidents

April 15, 2024

As age advances, the ability to navigate the complexities of driving can diminish, making elderly drivers more susceptible to fatal injuries in car accidents.

Company reverses decision to cancel LTCi policy for nonpayment

April 15, 2024

She invested more than $40,000 during the last decade to make sure she’d have care in her older years.

Insurance quake coverage may come as (after)shock

April 15, 2024

Until the ground started to shake this month, few New Jersey residents were probably thinking about the possibility that an earthquake could damage their home.

Vermont health care providers take aim at prior authorization

April 15, 2024

Vermont’s health care providers have taken aim at health insurance companies, targeting excessive bureaucracy, and the practice of requiring prior authorization for needed procedures and drugs, as compromising patient care and increasing costs, even though prior authorization is intended to lower costs by preventing unnecessary or misguided care.

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