A category of insurance risk that hardly existed a little over a decade ago has morphed into a meaningful source of losses for the industry.
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Medicare is the federal health insurance program for older adults and some disabled people in the U.S., with government spending reaching $1.0 trillion in 2023. MA is growing rapidly, from 25% of Medicare beneficiaries in 2010 to 54% in 2024; the Congressional Budget Office projects nearly two-thirds of Medicare beneficiaries will be in MA by 2034.
Among the 1.3 million individuals who receive care in US nursing homes, one-third receive post-acute care skilled nursing services and two-thirds receive long-term care. Long-term residents have been less of a focus in the Centers for Medicare and Medicaid Services' population-based payment models, which have primarily focused on reducing unnecessary…
Public Sector Pension Investment Board increased its stake in DiamondRock Hospitality Company (NYSE:DRH – Free Report) by 34.3% during the 3rd quarter, according to its most recent Form 13F filing with the SEC. The fund owned 944,700 shares of the real estate investment trust’s stock after acquiring an additional 241,376 shares during the period. Public…
Public Sector Pension Investment Board raised its holdings in shares of HCI Group, Inc. (NYSE:HCI – Free Report) by 31.9% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission. The institutional investor owned 41,895 shares of the insurance provider’s stock after purchasing an additional 10,134 shares during…
Aberdeen Group plc grew its stake in shares of Williams-Sonoma, Inc. (NYSE:WSM – Free Report) by 149.6% during the third quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The institutional investor owned 121,896 shares of the specialty retailer’s stock after purchasing an additional 73,052 shares during…
Public Sector Pension Investment Board bought a new position in shares of Vertiv Holdings Co. (NYSE:VRT – Free Report) in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor bought 52,000 shares of the company’s stock, valued at approximately $7,845,000.
Public Sector Pension Investment Board grew its stake in Banc of California, Inc. (NYSE:BANC – Free Report) by 17.2% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 511,318 shares of the bank’s stock after acquiring an additional 74,926 shares…
Public Sector Pension Investment Board boosted its position in shares of Newmont Corporation (NYSE:NEM – Free Report) by 14.9% in the 3rd quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The institutional investor owned 95,000 shares of the basic materials company’s stock after acquiring an…
Public Sector Pension Investment Board raised its position in shares of Curbline Properties Corp. (NYSE:CURB – Free Report) by 17.0% in the third quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The firm owned 377,582 shares of the company’s stock after acquiring an additional 54,768…
Bitwise has filed with the SEC to launch PredictionShares ETFs, a new class of funds that would allow investors to gain regulated exposure to the probability of real-world political and economic outcomes — bringing the mechanics of platforms like Polymarket into traditional brokerage accounts for the first time.
The government has allowed private health insurers to raise premiums by an average of 4.41% from April. How are these set? And why is it higher than inflation?
TLDR Gold rebounded above $4,900 after dropping over 3% in two sessions, with dip-buyers stepping in Silver jumped over 3% to $75.78, platinum and palladium also gained U.S.-Iran talks progress reduced safe-haven demand, briefly pressuring gold Fed minutes from January meeting due Wednesday; Fed officials split on rate cut timing Banks including Goldman Sachs, BNP […] The post…
Dr. David Edward Marcinko MBA MEd SPONSOR: http://www.MarcinkoAssociates.com *** *** Understanding the Foundations of Financial Protection Insurance plays a quiet but essential role in modern life. It is one of the few tools that helps individuals, families, and businesses manage uncertainty in a world where accidents, illnesses, natural disasters, and unexpected losses can occur…
Illinois lawmakers are poised to make a second attempt at passing a bill that would give state regulators more authority to control homeowners insurance.
Tennessee Senate GOP leaders did not respond when pressed on whether banks and hospitals should be able to discriminate against same-sex couples.
The Arizona Republican Party’s liability insurance paid $1 million in legal fees for the GOP electors who falsely asserted that Donald Trump won the state’s 2020 electoral votes, former chair Gina Swoboda told members of the party’s executive committee, Axios has learned. Why it matters: The payouts caused sky-high rates that left the party’s directors and officers "effectively…
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…
New Yorkers who buy their own health insurance through the state-run exchange have seen cost spikes since Congress let federal subsidies lapse Dec. 31.
