Data: Commonwealth Fund; Map: Kavya Beheraj/Axios Health insurance costs ate up almost 9% of the median family income in Minnesota in 2024, according to a new analysis. Why it matters: The findings show how tough it can be to afford health care, even with insurance. Zoom in: The state-by-state breakdown of federal data by the Commonwealth Fund looked at how much people spent on…
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A coalition backed by health insurers and employers is launching a new a new effort to showcase hospital pricing as a central driver of rising health care costs, Axios has learned. Why it matters: Health care affordability is emerging as a key election-year issue, with the Trump administration and many in Congress increasingly questioning why drug prices and insurance premiums are…
Newswise — New York, NY (March 6, 2026) — Mount Sinai Health System and the 32BJ Health Fund announced today that they have agreed to partner directly to provide quality, affordable healthcare to eligible members and their families.
The Revolving Door Project, a Prospect partner, scrutinizes the executive branch and presidential power. Follow them at therevolvingdoorproject.org. It’s been roughly three years since three of the four largest bank failures in United States history nearly wiped out a half trillion dollars of wealth, with Silicon Valley Bank, Signature Bank, and First Republic Bank collapsing…
State Farm General, the financially imperiled California home insurance giant, will not raise rates any further for homeowners under a settlement with the California Department of Insurance and Consumer Watchdog. Last summer, an administrative law judge and Insurance Commissioner Ricardo Lara had given State Farm permission to temporarily raise rates…
So the stay-at-home father of four in Middleton was crestfallen when his health insurer, Blue Cross Blue Shield of Massachusetts, like others here and elsewhere, stopped covering pricey GLP-1 drugs for weight loss starting Jan. 1. The change meant Tierno’ s $25 monthly prescription would now cost roughly $500 out of pocket, he said, which was out of reach.
With the amount of money most of us are paying in monthly premiums, you would expect that your insurance would handle most of the cost. But that’s not always the case. Unfortunately, many patients discover that a routine visit or a quick procedure was billed as out-of-network. This leads to surprise costs that you can’t…
Two developments this week capture how the world of decentralized finance and cryptocurrency is winning in its efforts to challenge traditional banks. Driving the news: On Wednesday morning, Kraken Financial, a cryptocurrency-focused bank in Wyoming, announced it has been granted a limited master account from the Federal Reserve. It’s a win for the crypto sector after years of…
An epic capital spending boom is squeezing certain prices higher, while promising sharp productivity gains and potentially huge job losses. What’s a central banker to do? The big picture: The AI boom is likely to affect the appropriate monetary policy in multiple ways, with some effects pointing to higher rates and others toward lower. Those different impacts will play out on…
Prediction market Kalshi disclosed Wednesday that it had suspended two users — an editor for the MrBeast YouTube platform and a former California gubernatorial candidate — for allegedly violating its prohibition against "insider trading." Why it matters: Prediction markets are under scrutiny over whether their platforms enable people with inside information to financially…
Kalshi, one of the world’s largest prediction market companies, struck a deal with the Associated Press to license its elections data starting with the 2026 midterms. Why it matters: As the popularity of betting booms in the U.S., prediction markets are trying to distinguish themselves with partnerships that boost the credibility of information presented on their platforms. CNN and…
State Farm, the nation’s largest auto insurer, has lowered insurance rates and is issuing an average dividend of $100 per vehicle to policyholders. Why it matters: Insurance rates skyrocketed during the pandemic, when vehicle prices spiked, but prices have since cooled off amid falling repair costs. Driving the news: State Farm policyholders on more than 49 million vehicles will…
The Travelers Companies, Inc. (NYSE:TRV) is among the 10 Best Affordable Stocks to Invest In for the Long Term. On February 26, Morgan Stanley raised the firm’s price target on The Travelers Companies, Inc. (NYSE:TRV) to $310 from $295 and maintained an Equal Weight rating following updates across the property and casualty insurance sector after…
Focus Partners Advisor Solutions LLC bought a new stake in Warner Bros. Discovery, Inc. (NASDAQ:WBD – Free Report) during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 43,279 shares of the company’s stock, valued at approximately $917,000.
CI Investments Inc. decreased its position in JPMorgan Chase & Co. (NYSE:JPM) by 10.8% during the third quarter, according to its most recent disclosure with the Securities and Exchange Commission. The firm owned 1,063,601 shares of the financial services provider’s stock after selling 129,442 shares during the quarter. JPMorgan Chase & Co. makes up 1.2%…
Dimensional Fund Advisors LP increased its position in shares of Markel Group Inc. (NYSE:MKL – Free Report) by 4.9% in the 3rd quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. The institutional investor owned 129,655 shares of the insurance provider’s stock after acquiring an additional 6,039…
Dimensional Fund Advisors LP increased its position in Genworth Financial, Inc. (NYSE:GNW – Free Report) by 1.0% in the 3rd quarter, according to the company in its most recent disclosure with the Securities and Exchange Commission (SEC). The firm owned 26,493,475 shares of the financial services provider’s stock after purchasing an additional 270,062 shares during…
Dimensional Fund Advisors LP raised its position in shares of Cincinnati Financial Corporation (NASDAQ:CINF – Free Report) by 3.3% in the third quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 1,471,628 shares of the insurance provider’s stock after purchasing an additional 46,426 shares during…
Dimensional Fund Advisors LP boosted its position in Reinsurance Group of America, Incorporated (NYSE:RGA – Free Report) by 4.7% during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The fund owned 1,098,564 shares of the insurance provider’s stock after purchasing an additional 49,323 shares during…
