Image Source: shutterstock.com California’s insurance market has been a roller coaster lately, and not the fun kind with souvenir photos and a safety bar. Between rising base rates, shifting risk models, and companies reevaluating what they’re willing to cover, many residents are opening their renewal notices with the same energy you’d use to open a…
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The nomination of Kevin Warsh to replace Jerome Powell as Federal Reserve Chair has many people wondering: What makes a good Fed chair? The answer, it turns out, depends on the environment in which the chair will operate.
More than half of working-age adults get their health insurance through an employer, but in many states premium contributions and deductibles take a significant bite out of household incomes. A new analysis from the Commonwealth Fund, a research nonprofit focused on health care, found that in 2024, premium contributions and deductibles for family plans totaled 10%…
The Federal Reserve Bank of New York recently appointed three new members to its Second District Advisory Council. The council is a group of senior business leaders who provide the New York Fed president and leadership with insights on business and economic conditions in the Second District. Members serve three-year terms.© Shutterstock The new members […] The post Federal…
"I think we’re going to do something really spectacular," Trump said in an interview with Fox Business television. Although Powell was appointed by Trump as central banker in his first term, he fell out of favor with the president for refusing to support a more rapid cut in U.S. interest rates due to concerns about an inflationary spike caused by the White House’s…
US President Donald Trump said today that his choice to lead the Federal Reserve could boost US economic growth to a rate of 15%. In an interview with Fox Business, Trump said Warsh was the "runner-up" in his last search and that it was a big mistake to choose Jerome Powell to chair the Fed in his first term. If Warsh "does the job he’s capable of," then "we can grow 15%, and I…
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More than half of working-age adults get their health insurance through an employer, but in many states premium contributions and deductibles take a significant bite out of household incomes. A new analysis from the Commonwealth Fund, a research nonprofit focused on health care, found that in 2024, premium contributions and deductibles for family plans totaled 10%…
During back-to-back congressional hearings last month, lawmakers grilled the CEOs of five major health insurers about their vertically integrated business models. Rep. Alexandria Ocasio-Cortez (D-NY) called for breakup legislation modeled on the 1933 Glass-Steagall Act, which structurally separated commercial and investment banking.
Florida’s 2023 torts rewrite is delivering as promised, according to a new analysis being touted by insurers. The Perryman Group’s new report, highlighted by the American Property Casualty Insurance Association, dives into the impacts of major legislation enacted in recent years, including 2023 legislation (HB 837) that made sweeping changes to how lawsuits are filed,…
Good Wednesday morning. Florida’s 2023 torts rewrite is delivering as promised, according to a new analysis being touted by insurers. The Perryman Group’s new report, highlighted by the American Property Casualty Insurance Association, dives into the impacts of major legislation enacted in recent years, including 2023 legislation (HB 837) that made sweeping changes to how…
House Judiciary Committee Republicans have subpoenaed eight Affordable Care Act health insurers for documents as part of a widening investigation of potential fraud surrounding the use of premium subsidies in the individual market, Axios has learned. Why it matters: Enhanced premium tax credits for ACA coverage expired on Jan. 1. But Republicans are pressing forward with their…
TLDR Bitcoin dropped below $67,000 on Wednesday morning, falling 3.1% to $66,804, while Ethereum slipped 4.1% to $1,965 Kevin Warsh’s nomination as Federal Reserve chair triggered the selloff with expectations of tighter liquidity and fewer rate cuts ahead Derivatives data shows much of the excess leverage has been cleared from the market with funding rates […] The post Bitcoin…
This is an edition of The Atlantic Daily, a newsletter that guides you through the biggest stories of the day, helps you discover new ideas, and recommends the best in culture. Sign up for it here.. During the summer of his 2024 presidential campaign, Donald Trump made a vow to the cryptocurrency industry: Elect him, and the United States would become the“ crypto capital…
Moody’s predicts static job growth in Illinois According to a report prepared by Moody’s Analytics for the Illinois Commission on Government Forecasting and Accountability, Illinois’ economy will underperform the Midwest and the United States in the coming year.
In his 2018 campaign for governor, Abdul El-Sayed attacked private health insurers in favor of a single, government-run public healthcare program.
Florida’s biggest health insurer and others say they will cover all traditional vaccinations through 2026. But governing federal policy is in flux.
While people have been quick to blame health insurers for the skyrocketing cost of health care in the U.S., the reality of the situation is more nuanced, and other factors have played a much bigger role in driving up costs. We explore some of those less-reported drivers of the high cost of health care in the country. […]
Michigan's health insurance program for the poor is expected to lose billions of dollars in revenue as a result of changes in law at the federal level.
