Biden: Obamacare Enrollment Up 20% This Year

Redesigning and repricing of products and services to maintain sales and profitability drive the Zacks Life Insurance industry players. It is also expected to drive premium growth and boost the efficiency of Athene Holding ATH, Lincoln National Corporation LNC, Reinsurance Group of America Incorporated RGA, Voya Financial VOYA, and Brighthouse Financial…

The current projection is that the trust fund backing Social Security retirement benefits only will run out of money by 2033.

“Power Play: Tesla, Elon Musk, and the Bet of the Century” by Tim Higgins. “Power Play: Tesla, Elon Musk, and the Bet of the Century” by Tim Higgins focuses on Tesla, the electric car concept that survived more near-death experiences than a Harrison Ford character. First, he was an investor in Tesla, but every time he went to the bank for more money for the carmaker, he increased…

Washington, Aug 31- Lawmaker Alexandria Ocasio-Cortez and other representatives of the most progressive Democratic wing on Tuesday urged US President Joe Biden to replace Jerome Powell at the head of the Federal Reserve. Powell, who took office in 2018 after being proposed by former President Donald Trump, completes his four-year term at the head of the US…

-U.S. home prices surged a record high in June as buyers competed for a limited supply of available houses and apartments, the latest evidence that the housing market remains red-hot. Economy New home sales rose just 1% in July Associated Press. Prices are now at record highs in 19 of the 20 cities, with the exception of Chicago.

With more than 1 million customers in Louisiana and Mississippi having lost power, Hurricane Ida is sure to take a toll on the energy, chemical and shipping industries that have major hubs along the Gulf Coast. But the impact on the overall U.S. economy will likely be modest so long as damage estimates don't rise sharply and refinery shutdowns are not prolonged,…

As we enter the last third of the year, will those big tax hikes discussed a few months ago pass and cut into your savings? The scary proposals have stymied many people this year in part because they are retroactive. That makes what to do tough. Even taxes on death may be radically increased.

Most progressives who have been pressuring the Fed to be more supportive of full employment, and less concerned about inflation, would be very happy to see Powell reappointed as Fed chair. He has led the Fed in a complete reversal of its priorities. He shifted it away from its obsession with inflation, which often meant raising rates and throwing people out of work, even when there…

The goal of many people is to achieve financial independence early in life, a goal… The post How Black Women Can Achieve Financial Independence Early appeared first on Black Girls Allowed.

Part I in a conversation with Johnson Financial Group advisor Kelly Mould Q2 2021 hedge fund letters, conferences and more Over the last 20 years, we’ve seen a steady decline in the divorce rate in the U.S.—with the exception of couples over 50 years old. For them, rates have doubled, for couples over 65, rates […]

Drivers in Massachusetts overpaid for auto insurance last year by more than $632 million due to the pandemic, when drivers cut way back on driving and filed far fewer claims, a new report by two national consumer advocacy groups says. The report comes five months after a similar conclusion was reached by the office of Attorney General Maura Healey, which pegged…

Despite surging covid cases and climbing inflation, Americans' retirement account balances continue to rise to record levels. Fidelity Investments just released its quarterly analysis of more than 30 million 401 and 403 retirement accounts. “People are really seeing the benefit of long-term investing,” said Jessica Macdonald, vice president for thought…

President Joe Biden has finally figured out how to get Americans onto the Obamacare exchanges– by paying them. The administration recently congratulated itself after 2.5 million Americans signed up for plans through the government-run marketplaces during a newly created Special Enrollment Period that closed August 15. Through next year, those who make…

The United States is currently experiencing a surge in worker productivity that could rival that of the tech boom 20 years ago— if it lasts. As companies and customers embrace new technologies, making it easier for Americans to produce more with fewer workers, a growing number of economists say this is not a blip and could turn into a boom— or, at least, a “mini boom”― with…

In his Daily Market Notes report to investors, while commenting on the strength of the economy, Louis Navellier wrote: Q2 2021 hedge fund letters, conferences and more The Strength Of The Economy I think the strength of the economy in this case is an optical illusion created by the Fed and its extreme intervention in […]

While San Francisco Federal Reserve Chair Mary Daly confessed to the Financial Times that the U.S. central bank could begin reducing its debt purchases later this year, her counterpart at the Minneapolis Fed, Neel Kashkari, has already indicated to theEconomist that a start in 2021 or early 2022 does not make much of a difference. In the coming months, the…

Washington, Aug 11.- U.S. President Joe Biden said on Wednesday that he is confident that the Federal Reserve will act if necessary to contain inflation in the country, and that he is not worried about the possibility of a sovereign debt default. In a speech at the White House, Biden commented on new annual inflation data in the United States, which remained at 5.4% in…

The work requirements were part of dramatic state-to-state variations in the way the welfare program, known by the acronym TANF, responded to the pandemic, according to federal caseload figures and other data analyzed by The Washington Post. In all but three of the 13 states that continued their work rules, scattered across the South, the Midwest and the West, the…

When purchasing a new car, drivers will likely consider the cost of the vehicle, its gas mileage, and safety features. Yet many will overlook how high their monthly insurance payments will be.  Car…

State Auto Financial posted a small profit for what figures to be one of its last quarters as a public company before its sale to Liberty Mutual. The insurer said Thursday that it earned $600,000, or 1 cent per share, for the three months that ended June 30. State Auto said the quarter's results were hurt by hail and windstorms in Texas.

Unum Group’ s UNM second-quarter 2021 operating net income of $1.39 per share beat the Zacks Consensus Estimate by 23%. Unum Group price-consensus-eps-surprise-chart| Unum Group Quote. Operational Update Total operating revenues of Unum Group were nearly $3 billion, up 0.2% year over year driven by higher premiums.

But instead of reaping huge returns, the money was funneled into accounts overseas controlled by Kristijan Krstic, an accused Serbian-Australian huckster living in the Philippines with a history of fraud allegations, federal prosecutors and investigators with the SEC say. Last week, John DeMarr, a 55- year-old California private investigator who had…

For the better part of a decade, a time bomb has been ticking at Oakland- based Kaiser Permanente— an accumulation of allegations that the giant health plan systematically defrauded Medicare by overstating the severity of its patients' medical conditions. That's when the Department of Justice joined six lawsuits filed by Kaiser employees since 2013…

It’s hard to take many positives from the past year, but a rapid rise in the number of consumers who say the pandemic has inspired them to shop more sustainably in the future provides the glimmer of a silver lining.

CVS Health's profits took a dip in the second quarter of 2021, where the healthcare giant posted $2.8 billion in earnings.

A 24/7 Wall St. analysis shows that Louisiana is the most expensive state in which to drive a car. See why.

A common estate-planning question is whether it makes sense to leave inheritances with strings attached. My typical answer is “it depends.” It's natural to want your legacy to be used wisely, but trying to control from beyond the grave can have unintended consequences. The post Leaving Money Wisely To A Spendthrift Heir first appeared on Kahler Financial.

24/7 Wall St. takes a close look at three gig economy stocks and why one analyst has abullish outlook on where they could run from here.

Personal income in the U.S. expectedly saw a slight increase in the month of June, according to a report released by the Commerce Department on Friday. Meanwhile, the Commerce Department said personal spending jumped by 1.0 percent in June after edging down by a revised 0.1 percent in May. “That lower saving rate leaves less scope for households to fund further…

U.S. insurers could require structural inspections and maintenance reports to avoid paying for a disaster like the Champlain Towers South collapse.

A South Carolina investment advisor who was charged by the Securities and Exchange Commission with perpetuating a decade-long fraud against investors was sentenced to more than five years in prison last week after previously pleading guilty to securities fraud in federal court.. Heckler didn’ t tell investors about the fund’ s problems, but instead formed…

Even with production glitches, transportation bottlenecks and labor shortages, the U.S. economy grew in the second quarter at one of the fastest rates in decades, lifting the nation's total output above where it was before COVID-19 hit, according to government data released Thursday. “That we were able to recover so quickly is astounding,” said Beth Ann Bovino, U.S….

FirstEnergy admitted in court documents last week it paid the state’s top utility regulator $4.3 million to…

President Joe Biden signed a sweeping…

The merger between Aon and Willis Towers Watson is dead, again. Insurance brokerages on Monday scrapted their $30 billion union- their second attempt- because of antitrust opposition. The Justice Department’s arguments were strong.

Hiring and spending rise, but delta variant and inflation are worrisome. There's no playbook for this pandemic recovery. “We don't have another example of the last time we reopened a $20 trillion economy with lots of fiscal and monetary support,” Fed Chair Jerome H. Powell told lawmakers this month.

Discussions about whether or not the Federal Reserve should adjust monetary policy in the US seem endless. Far from relenting, the dust has increased because one side’s arguments that monetary expansion is out of control are growing, with the Federal Reserve’s balance sheet rising at such a rapid pace that it in itself explains the rise in stocks, the…

The population of the United States owes nearly twice as much debt to medical care providers as was previously known, with a preponderance of such debt appearing to be focused on states that do not participate in the Medicare expansion codified in 2010’s Patient Protection and Affordable Care Act (ACA). This is according to new research published by researchers from Harvard…

The U.S. economy’s loss of production dwarfs that of the 2007-2009 Great Recession. Three most recent U.S. recessions. In the Great Recession, the U.S. economy lost nearly four percent of its value measured by produced output, though keep in mind that a large part of the lost output consisted of overvalued luxury real estate developments that were often sited…

“Then there was Nobel laureate Paul Krugman, who tweeted,” So the inflation report wasn’t a burger of anything, but it was kind of a White Castle slider–not a big deal. Before the 4.2% impression, John Authers published an article in Bloomberg, “Markets give Powell a breather. With all this gnashing of teeth over the CPI and the money supply, Nobel Krugman offered what…

While segmenting employee populations by generation is “old hat” at this point, the rise of the latest cohort, Generation Z, requires a new focus. Gen Z (individuals born after 1997) makes up more than one-fifth (21%) of the world’s working-age population and is expected to grow to 30% of the U.S. workforce by 2030. At the same time, 1 in 5 U.S. residents will reach…

Data: Company documents; Chart: Will Chase/Axios UnitedHealth Group isn’t just making more money because people deferred care throughout the coronavirus pandemic. It’s making more money because it’s owning a bigger piece of the health care system. The bottom line: Insurers keep more of the premiums they collect when they also own the medical providers that are paid those premium…

The way Fed chair Jerome Powell is talking about inflation seems to be evolving. Why it matters: The Fed has been employing a very stimulative monetary policy, which is helping boost job growth. But inflation has been running above its target. Powell and his colleagues have argued for months that the forces currently boosting inflation have been “transitory.” Yes, but: As…

$5 million flows to some who contested election results, FEC filing shows. More companies that pledged to pause or rethink political donations after the Jan. 6 insurrection are once again donating to Republican lawmakers who voted against certifying President Biden's victory. American Airlines was among the flock of companies vowing changes after the…

We are now nearly a year and a half into the pandemic. About 18 months into the 2008 crisis- say, by the middle of 2009- U.S. unemployment was climbing to its highest numbers in decades, the stock market was struggling back from one of its worst collapses in history, and housing foreclosures were spiraling to their worst levels ever. By contrast, with half the population…

RICHMOND- Glenn Youngkin says he quit his multimillion-dollar job in private equity to run for governor because Virginia and its economy are wildly off track and “in the ditch.” The Republican's Democratic opponent, former governor Terry McAuliffe, says he's seeking a new term to help a thriving state do even better. “Glenn has been an incredible success and will…

WASHINGTON– The U.S. Treasury secretary will lead efforts to assess the potential risk posed by climate change to the U.S. financial system, the official announced Sunday, as part of a broad initiative by Joe Biden’s administration. She chairs the committee, which includes the Treasury, the Federal Reserve, the Securities and Exchange Commission and other…

Jul. 7— USAA Life Insurance Co. has agreed to pay $90 million to settle a class-action lawsuit alleging it overcharged thousands of policy owners. In a declaration filed with the court, plaintiffs' attorney Norman E. Siegel of Kansas City, Mo., said their expert calculated USAA Life overcharged policy owners from $360 million to $460 million on policies.

Two months ago, when the monthly Bureau of Labor Statistics report for April showed that a mere 266,000 jobs had been created, falling short of expectations, Republicans were positively gleeful, insisting that it showed that President Joe Biden's entire economic program was an abysmal failure and only a return to Donald Trump's policies could save America.

As I write, there are still a lot of unanswered questions in Congress about the estate tax and capital gain tax, and as you know, I don’ t like to speculate much or make suggestions based on what might or might not change. The one thing I will repeat from last month is that there are far more non-tax reasons for planning than tax reasons, so you should take the next few…

Controversial Bitcoin billionaire Mircea Popescu, 41, drowned on a beach in Costa Rica and now no one knows how to access his more than $2 billion in cryptocurrencies. Popescu, known for being among the largest individual Bitcoin holders in the world at one point, drowned last week near Playa Hermosa, northwest of Costa Rica. He had gone swimming near the…

The Biden administration's interim final rule on surprise medical bills also targets a policy that insurers implement to retroactively reject ED claims that aren't emergencies.

About a month or so ago, Christopher Lyman and Grant Holdren launched an experiment. Holdren recently bought Allied Financial Advisors, a 30- plus-year old firm in Newtown, Pa., that for years charged clients the usual 1% AUM fee. “We started to get younger clients who were really balking at that fee and looking for alternative ways to compensate us,” says Lyman, whose…