More than six million people could lose Medicaid coverage next year if Congress enacts work requirements for adults under the age of 65, according to an analysis prepared by the Urban Institute with support from the Robert Wood Johnson Foundation.
The latest from Washington, D.C., impacting the insurance and financial services industries.
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‘Systematic fraud’ alleged in property/casualty claims practices
Two independent insurance claims adjusters and a U.S. Senator accused property/casualty insurance companies of directing adjusters to lower their claims estimates to reduce insurer payouts to homeowners – a practice described as “a pattern of systematic fraud.”
Health coverage for more than 13M could be in jeopardy if subsidies cut
Millions of Americans could lose their health insurance if Republican-led proposals are successful in scaling back subsidies that enable consumers to buy coverage under the Affordable Care Act.
States would be forced to revamp Medicaid funding under House proposal
States would be forced to either revamp how they finance their Medicaid programs or cut benefits under a House Energy and Commerce Committee proposal announced Sunday night.
Medicaid cuts mean ‘children have no place to hide’
If Congress approves massive cuts to federal Medicaid spending, the results could hit children especially hard.
Low-income American families would see their annual incomes shrink the most under congressional proposals to pay for tax cuts by cutting Medicaid and the Supplemental Nutrition Assistance Program, according to a new analysis from the Urban Institute, supported by the Robert Wood Johnson Foundation.
DOJ joins lawsuit against major carriers alleging Medicare kickback scheme
Federal prosecutors have accused 3 of the country’s biggest health insurers of taking part in a kickback scheme allegedly defrauded Medicare.
The packed agenda featured topics such as: prior authorization reform efforts; the use of genetic testing in life insurance underwriting; insurers’ use of artificial intelligence; prescription drug affordability boards; state resiliency initiatives; and more.
Medicaid federal funding cap could impact millions
Medicaid remains in the crosshairs as House Republicans consider a proposal to impose per capita caps on funding for the program that provides health care for low-income Americans, including children and nursing home residents.
How will Congress, executive orders impact health care?
Congress returns to Washington from its spring recess to face a jam-packed agenda, with extending the 2017 Tax Cuts and Jobs Act its top priority.
Medicaid cuts would devastate rural hospitals, communities
Medicaid cuts would disproportionately impact rural communities, older and disabled Americans, and commuities of color.
NAIFA eyes tax reform, retirement issues in 2025
Key provisions from the Tax Cuts and Jobs Act of 2017 are set to expire Dec. 31, and the National Association of Insurance and Financial Advisors is making renewal of those provisions one of its top legislative priorities this year.
Economist: Tariffs could dampen GDP growth; raise unemployment, inflation
The Trump tariffs will dampen gross domestic product growth not only for the U.S. but for the rest of the world, The Conference Board said.
Tariffs alter Q2 economic outlook downward, Morningstar says
Tariffs have radically altered Morningstar’s second-quarter U.S. economic outlook as the organization’s chief U.S. economist said President Donald Trump’s proposed tariffs have pushed projected gross domestic product down, pushed projected inflation rates up and increased the risk of a recession to 40%.
Tariffs, trade and taxes in the time of Trump
As tariffs are under greater consideration, let’s examine their historical significance and explore potential implications of new tariff measures.
As tariffs roil market, separate ‘signal from the noise’
Market volatility can affect investors in a variety of ways, depending on their financial situation and where they are in their financial life cycle.
Medicare Advantage marketing driving up costs; fiduciary role recommended
Medicare Advantage plans increasingly rely on middlemen for marketing, a move that is hiking costs and making it more difficult for government to oversee and regulate the health plans that millions of older Americans rely on. That was among the findings of a report released last week by Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee.
Market volatility driven by fear, emotion
Tariffs and fear over uncertainty are driving market volatility, a panel of experts said.
Michigan Republican urges Chavez-DeRemer to rescind fiduciary rule
Michigan Republican urges the Trump administration’s newly confirmed Department of Labor Secretary to rescind the fiduciary rule.
Cut to ACA enrollment period could cost 1M Americans coverage
The Trump administration proposed shortening the annual enrollment period for Affordable Care Act health insurance by one month, a move that one group warned could lead to more than 1 million Americans at risk of losing coverage.
