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The latest from Washington, D.C., impacting the insurance and financial services industries.

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November 19, 2024
Dr. Mehmet Oz (Photo by Anthony Behar/Sipa USA)

Trump to nominate Dr. Oz to lead CMS

President-elect Donald Trump said he would nominate Dr. Mehmet Oz to lead the Centers for Medicare & Medicaid Services.

November 19, 2024
Image of a diverse crowd of people standing in front of the Capitol building in Washington, D.C.

Coalition wants to advise people impacted by policy changes in new administration

An advisor is forming a coalition of professionals to support underserved groups and said he was inspired to do so by the Nov. 5 election results and concerns from clients about what policy changes a new administration and a new Congress could mean for them.

November 19, 2024
Image shows a shredded Social Security card and the words, "Fixed By Year Three?"
Social Security will not likely be on the new president's agenda, analysts agreed.

Social Security fix unlikely until at least year 3 of Trump agenda, say analysts

Don’t expect the Trump team to prod Congress to tackle the looming Social Security problem anytime soon. If at all.

November 15, 2024
Illustration of two political figures against a backdrop of the American flag and the U.S. Capitol. Election-creates-an-opportunity-for-advisor-client-dialogue.

Election creates an opportunity for advisor/client dialogue

The post-election period provides advisors to engage in a discussion with their clients on financial issues that are impacted by the election and issues that are not.

November 14, 2024

Trump 2.0: Planning around uncertainty

While we should take the president-elect at his word and trust that he will do everything he can to ensure promises made will be promises kept, there are known unknowns.

November 14, 2024
Photo illustration of a bull posed against a background of rising financial charts. Markets-poised-for-continued-robust-returns.

Markets poised for continued robust returns

Strong economic growth, moderating inflation, declining interest rates and easing monetary policy is leading to robust returns, Morningstar strategists said.

November 8, 2024
Image of President-elect Donald Trump standing beside health care information on the healthcare.gov website. What-will-a-new-Trump-presidency-do-for-health-care.

What will a new Trump presidency do for health care?

Health care is among the issues to be addressed during Trump’s second term, and although some of these issues will require congressional approval, the incoming president could make a number of changes through regulation or executive order.

Federal Reserve cuts its key interest rate by a quarter-point

November 8, 2024

WASHINGTON- The Federal Reserve cut its key interest rate Thursday by a quarter-point in response to the steady decline in the oncehigh inflation that had angered Americans and helped drive Donald Trump's presidential election victory this week. The Fed had kept its rate that high for more than a year to fight the worst inflation streak in four decades.

Will there be a housing boom in 2nd Trump term?

November 8, 2024

With any move by the Federal Reserve to cut interest rates Thursday on the heels of Donald Trump's election win, Connecticut's real estate market could get a needed booster shot. Sustaining any such gains could hinge on Trump's promise to improve U.S. home affordability and development, but details were scant during his campaign for the White House.

October 30, 2024
Illustration of the U.S. Capitol building with a large medical cross in the background. How-much-of-an-issue-in-the-election.

Health care: How much of an issue in the election?

Health care has not been one of the central issues in the upcoming presidential and congressional elections. But Democratic presidential nominee Kamala Harris has campaigned on health-related issues more than her Republican opponent, Donald Trump, has.

October 29, 2024

Turning political uncertainty into portfolio gold

The inevitable market volatility that accompanies political transitions is both a cause for concern and a chance for strategic investment.

October 21, 2024
Image of a woman holding a packed of birth control pills. Biden-administration-proposes-expanding-coverage-for-birth-control-other-services.
Woman holds a packed of birth control pills.

Birth control access could increase after Biden administration proposal

The Biden administration proposed new rules that would, for the first time, require most group health plans and health insurance issuers to cover over-the-counter contraceptives without cost sharing or requiring a prescription.

October 17, 2024
tariff

Tariff hikes could cause GDP to fall, economist says

Are tariffs a good thing for the economy? No, said an economist during a recent webinar.

October 17, 2024
Image shows an outline of a Social Security card
The Social Security funding issue can and will be fixed by Congress, speakers agreed Wednesday.

Hiking the ‘tax max’ could solve the Social Security problem, expert says

Congress will fix Social Security — eventually, a panel agreed Wednesday at an American Academy of Actuaries event. Raising the taxable minimum might be the answer.

October 8, 2024

Medicare would expand home health care aid under Harris proposal

Vice President Kamala Harris announced a proposal to help the sandwich generation by expanding Medicare coverage to help cover the costs of home health care for older Americans.

October 8, 2024
Image of Sen. Cassidy standing in front of the US Capitol building. Sen-Cassidy-introduces-anti-ESG-investing-bill.
U.S. Sen. Bill Cassidy, M.D. (R-LA), introduced a bill to prohibit asset managers from favoring environmental, social, and governance factors when evaluating people’s retirement plans.

Sen. Cassidy introduces anti-ESG investing bill

The growing anti-ESG investing movement claimed a powerful ally last week when a bill to ban ESG consideration was introduced.

Most Americans anticipate personal financial decline if their preferred candidate loses

September 25, 2024

As the November election looms, Americans are bracing for potential financial challenges and taking proactive steps to safeguard their financial well-being, according to Americans’ Financial Outlook and the 2024 Election, the latest CFP Board research report.

September 25, 2024
Image of Kamala Harris with a backdrop of health care related icons. What-a-Harris-presidency-could-mean-for-health-care.

What a Harris presidency could mean for health care

Kamala Harris is framing health care as a pocketbook issue during her presidential campaign.

September 24, 2024
Image shows an American flag in the background with a dollar symbol in a ballot box.
Insurers are getting involved in the election via political donations.

Insurers, trade groups seek influence via donations in divisive election

The insurance industry donated more than $60 million during the current 2023-24 election cycle, according to Open Secrets, a nonprofit organization tracking campaign finance and lobbying.

ERISA Industry Committee wants Congress to deem PBMs fiduciaries

September 23, 2024

The ERISA Industry Committee released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for pharmacy benefit managers to be deemed a “fiduciary” under the Employee Retirement Income Security Act.

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