Mindy McCormick, 67, read that her insurer would soon stop covering the weight loss drug Wegovy, which she had been taking for more than two years. Nearly 9,000 people across the state had received similar letters from Blue Cross Blue Shield of Michigan. Over the past few months, Blue Cross Blue Shield of Michigan, the state's largest insurer, has scaled back on…
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The insurance crisis spreading across the United States arrived at Richard D. Zimmel's door this month in the form of a letter. Zimmel, who lives in the increasingly fire-prone hills outside Silver City, New Mexico, had done everything right. His insurance company, Homesite Insurance, dumped him.
In an expected move, the Federal Reserve announced a second consecutive. 25%, or 25 bps, cut to the federal funds rate after the December Meeting of the Federal Open Market Committee. The Fed indicated a probable course ahead in 2025 of two rate cuts, which is lower than what had been indicated for next year following previous meetings. The Fed's action does line up…
HIGH POINT— An Archdale man has been accused of submitting false documents to an insurance company earlier this year seeking nearly $11,000 in reimbursements supposedly caused by a power surge and a power outage when he was renting an apartment in High Point, the N.C. Department of Insurance said. Darrius Moore, 35, of Stratford Road, was charged with four counts…
State Insurance Commission Tim Temple is pushing for a special session to tackle what he calls "serious insurance reform." "This is the deepest insurance crisis our state has ever faced," Temple said, stressing that premiums for property, auto and health insurance in Louisiana have continued to increase compared to other states. " Romero knows from personal…
Suzanne Bonamici has joined others in the Oregon congressional delegation in calling on the Federal Emergency Management Agency for an immediate pause on planned changes to the National Flood Insurance Program. In a letter addressed to FEMA Administrator Deanne Criswell last week, legislators urged the agency to engage collaboratively with the Oregon…
Jeffrey Czajkowski, director of the Center for Insurance Policy and Research, and the research director of the National Association of Insurance Commissioners, said that by November, the economic impacts of severe weather events this year reached nearly $62 billion nationally, including 24 separate billion-dollar weather events. "It's impacting a pretty…
This article was originally featured on The Conversation. The U.S. has made great progress in getting more people insured since the Affordable Care Act took effect in 2014. The share of uninsured Americans ages 18 to 64 fell from 18% before the ACA to 9.5% in 2022.
The rates are assessed on the paychecks of the enrolled employees of Burlington County, the Burlington County Bridge Commission, Rowan College at Burlington County and the Burlington County Board of Social Services to cover their medical and prescription drugs benefits. "This is fantastic news for our employees and their families, as well as Burlington…
It's a conversation that's resurfaced since the killing of UnitedHealthcare CEO Brian Thompson. Starting in January in California, a new law will regulate how insurers use AI in the process of granting prior authorization for treatments. Now, "the hospital will have to submit a lot of information on how sick a patient is to the insurer," explained Jeff Marr, who' s…
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? While there are some state and federal efforts to expand insurance coverage for these drugs in public programs like Medicaid and Medicare, some local private insurers like Independence Blue Cross are restricting coverage. IBX, the largest insurer in…
WASHINGTON— An inflation gauge closely watched by the Federal Reserve barely rose last month, a sign that price pressures cooled. The report came two days after Federal Reserve officials said they expect to cut their key interest rate two times in 2025, down from four in their previous estimate. KYIV, Ukraine— A Ukrainian attack on a town in Russia's Kursk border…
Anger over health insurance companies has been in the spotlight after Thompson was fatally shot Dec. 4 in New York City. Luigi Mangione, a 26- year-old, was arrested last week in Pennsylvania and faces charges in Thompson's killing. Spencer Kimball, the executive director of Emerson College Polling, said 22 percent of Democrats said they found the killing…
At its core, it's the provision of medical services to diagnose, treat and prevent illness or injury. But in reality, it's a tangled web of patients, providers, insurers and policymakers. Take the American Medical Association, for example.
As he enters the final month of his first and only presidential term, Joe Biden is speaking to history, emphasizing the positive side of his legacy while he can still command an audience. Inflation is under control, gas is down to $3 a gallon and the Federal Reserve has already sliced interest rates twice this fall. Biden hands that economy over to Donald Trump, a man…
Andrea Deutsch, the mayor of Narberth, Pennsylvania, and the owner of a pet store in town, doesn't get health care coverage through either of her jobs. The 57- year-old, who is diabetic, pays $638.38 per month for health care coverage— about half of the $1,272.38 she'd owe without the enhanced federal subsidies Congress and the Biden administration put in place in…
WASHINGTON- An inflation gauge that is closely watched by the Federal Reserve barely rose last month in a sign that price pressures cooled after two months of sharp gains. The milder inflation figures arrive two days after Federal Reserve officials, led by Chair Jerome Powell, rocked financial markets by revealing that they now expect to cut their key interest…
HIGH POINT— An Archdale man has been accused of submitting false documents to an insurance company earlier this year seeking nearly $11,000 in reimbursements supposedly caused by a power surge and a power outage when he was renting an apartment in High Point, the N.C. Department of Insurance said. Special agents with the Department of Insurance's Criminal…
Weekly applications for jobless benefits are considered representative of U.S. layoffs. The Federal Reserve instituted a flurry of rate increases in 2022 and into 2023 to try to suppress the four-decade high inflation that took hold when the U.S. economy rebounded from the brief but sharp pandemic recession. The Fed cut its benchmark rate again on Wednesday—…
