The Westwood Regional School District approved a $78.9 million budget for the coming school year that cuts 10 teaching and secretarial jobs and four administrative positions as it seeks to deal with rising health insurance costs. The budget, which has a 6.7% school tax levy increase, was approved unanimously at the April 30 Board of Education meeting at…
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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…
Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
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…
The June 2 primary election is getting closer. See what candidates said about housing, Medi-Cal and more.
The June 2 primary election is getting closer. See what candidates said about housing, Medi-Cal and more.
(The Center Square) – The Colorado Senate Appropriations Committee on Wednesday battled over a $140 million funding shortfall for the state’s subsidized health insurance program. The meeting, which included a heated argument among lawmakers during a break, ultimately resulted in Senate Bill 26-178 being delayed to the committee’s meeting on Thursday. The legislation includes…
Many retirees are feeling squeezed as housing costs, groceries, insurance premiums, and healthcare expenses continue climbing faster than fixed incomes. The good news is that several states are rolling out tax rebates, property tax relief programs, stimulus-style payments, and expanded credits specifically designed to help seniors stay financially stable. Some of these payments are…
Roughly 130,000 Pennsylvanians have dropped coverage through Pennie, the state’s Affordable Care Act marketplace, in the past five months. Why it matters: About 1 in 10 Americans enrolled in an ACA plan last year now lack health coverage, per surveys by research nonprofit KFF. The big picture: Soaring insurance premiums, driven in part by recently expired federal subsidies, are…
LTCI " data-image-caption="Policyholder Kenneth Kollmeyer keeps folders with documents detailing his insurance rate increases. " data-large-file="https://ctmirror.org/wp-content/uploads/2024/09/2024_0103_SR_Ken_022-771×514.jpg" /> The bill requires insurers to file annual reports with the state on incurred and actual paid losses for long-term care insurance policies.
The Federal Reserve maintains an easing bias despite $39 trillion in U.S. debt and record interest expenses.
California is once again at the center of a major shift in reproductive healthcare, this time with a groundbreaking IVF law aimed at expanding access. For many families, the cost of in vitro fertilization has long been a barrier, often reaching tens of thousands of dollars per cycle. The new legislation seeks to ease that…
The Federal Reserve maintains an easing bias despite $39 trillion in U.S. debt and record interest expenses.
Rising liability insurance costs are prompting doctors to call on states to impose more limits on the damages patients can collect in malpractice cases. Why it matters: More than half of the states have enacted malpractice payout limits, in an effort to make insurance premiums more predictable. But groups led by the American Medical Association say that without more relief,…
Financial results for the first three months of the year included catastrophe losses of $180 million, compared with $525 million a year ago, plus favorable net prior year development of $132 million versus $64 million in Q1 2025.. The combined ratio for the General Insurance unit— which includes North America commercial, international commercial and global…
Palmer Knight Co grew its holdings in Elevance Health, Inc. (NYSE:ELV – Free Report) by 98.9% in the 4th quarter, according to the company in its most recent 13F filing with the SEC. The institutional investor owned 20,432 shares of the company’s stock after purchasing an additional 10,162 shares during the quarter. Elevance Health makes…
By Julie Appleby, KFF Health News. After decades of selling insurance, Illinois- based broker John Jaggi had never seen anything like it. More than 80 of his customers who were enrolled in the same Medicare supplemental plan from the insurer Chubb got hit last August with a 45% increase.
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…
If the United States gets into the business of providing dollar liquidity to the United Arab Emirates and other Persian Gulf states battered by the Strait of Hormuz’s closure, it will amount to a novel use of an old power. The big picture: The Federal Reserve used swap lines with foreign central banks as a key tool to calm global financial disruptions in periods of stress, starting…
