Mehmet Oz, the Centers for Medicare& Medicaid Services administrator, is ordering all states to step up their efforts to crack down on Medicaid fraud. His April 21, 2026, announcement expanded on the Trump administration's related enforcement actions, such as withholding Medicaid funds from Minnesota and threatening to do that for New York, California and…
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WASHINGTON— Kevin Warsh, President Donald Trump's pick to lead the Federal Reserve, cleared a key procedural hurdle Wednesday, opening the way for him to succeed Jerome Powell next month amid the White House's unprecedented efforts to exert control over the world's most powerful central bank. The Senate Banking Committee voted 13-11 along party lines to…
As small businesses continue to face rising healthcare costs, Elevance Health’ s affiliated health plans are delivering solutions that help employers offer competitive benefits, improve health outcomes, and keep costs more affordable and more predictable. Recent research shows small businesses and their employees have experienced healthcare cost…
In supporting this proclamation, the Tennessee Department of Commerce& Insurance, and the Tennessee Department of Mental Health and Substance Abuse Services remind Tennesseans to understand how insurance may help cover the cost of mental health treatment, a press release from TDCI said. Under legislation passed by Congress in 2008, any health insurance…
Contracts with eight companies that provide various types of insurance for City of Lawton employees and some retirees were approved Tuesday night by the City Council. The city will provide medical and ancillary products of vision, group life, accidental death and dismemberment, short-term and long-term disability, accident, critical illness, and MD Live…
Hurricane season is just about ready to blow in, and that means it's a good time to go over your insurance policy and, if you don't have one, to get one. Obviously home insurance is big business in Florida where people pay almost as much attention to hurricane forecasts as their medical check- ups. Twin hurricanes in 2024 exposed a lot of problems with insurance— from…
McLean, Va. In what is likely Jerome Powell's last meeting as chair of the Federal Reserve, the committee opted to leave the benchmark interest rates steady at a target range of 3.5% to 3.75% at their first meeting of 2026. While the job market has been an area of focus for the Federal Reserve since the last meeting, Chair Powell also pointed to strong economic growth…
The following information was released by the American Hotel and Lodging Association:. Today the American Hotel and Lodging Association issued the following statement in support of the U.S. Senate introduction of the Terrorism Risk Insurance Act extension:. AHLA thanks the bipartisan group of senators for introducing this incredibly important…
President Donald Trump's undeclared war with Iran and his sweeping tariffs are increasing costs and dampening the economic outlook, some business and community leaders have told the Federal Reserve Bank of Cleveland. A fragile cease-fire is in place, but Iran continues to restrict access to the Strait of Hormuz— a chokepoint for global energy, fertilizer and…
For every $1 collected in premiums, insurers reimbursed 62 cents for claims in 2024, down from an average loss ratio of 80 cents in the 1980 s and 1990 s. “The fact that the loss ratios are so low means that the insurance industry is charging too much,” said Brian Shearer, director of competition and regulatory policy at the Vanderbilt University think tank and a…
Dallas Chase, center, was one of a few dozen people who showed up to rally at a press conference focused on rising health insurance costs outside Idaho U.S. Sen. Jim Risch's Office in downtown Boise on Dec. 16, 2025. The report highlights how Idaho's health insurance market has changed this year— as consumers face premium hikes from insurance companies and…
"The truth is that national health insurance would make a huge difference for the people of this state, and for New Hampshire businesses." If you believe, as New Hampshire Republicans seem to, that this is the result of fiscal irresponsibility among our school districts, I invite you to explore your own household budget for clarity. This is in part what I was getting…
John Kennedy, a member of the Senate Banking Committee, joined Sens. Dave McCormick, Tina Smith, Thom Tillis, Ruben Gallego and 18 colleagues in introducing the Terrorism Risk Insurance Program Reauthorization Act of 2026. In the wake of the September 11th attacks, Congress created the Terrorism Risk.
The following information was released by the office of Arizona Senator Ruben Gallego:. Today, Senator Ruben Gallego, a member of the Senate Committee on Banking, Housing, and Urban Affairs, voted against Kevin Warsh to be Chair of the Federal Reserve. "The Federal Reserve is critical to ensuring Americans can afford groceries, find a job, buy a home, and much more.
Senators Angela Alsobrooks, Ruben Gallego, Elizabeth Warren, Chris Van Hollen, Tina Smith, Raphael Warnock, Andy Kim, and Lisa Blunt Rochester called on Federal Reserve Chair nominee Kevin Warsh to clarify discrepancies between his testimony before the Senate Committee on Banking, Housing, and Urban Affairs andpublicstatementsfrom President Trump…
Today, U.S. Representatives Juan Vargas, Ranking Member of the Monetary Policy Task Force, and Maxine Waters, the top Democrat on the House Financial Services Committee, issued the following statement in response to the Senate Banking Committee's expected approval of Trump's Fed Chair nominee, Kevin Warsh. These and other actions were designed to intimidate…
The following information was released by the Colorado Senate Democrats:. SB26-155, sponsored by Senators Kyle Mullica, D- Thornton, and Janice Marchman, D- Loveland, would create a grant program to fortify roofs against costly wind and hail damage in order to make property insurance more affordable. This bill is a commonsense approach to reduce costs and make…
—Soaring oil prices from the Iran war pushed inflation higher in Europe in April, as growth continued to underperform in a worrying combination both for consumers and policymakers at the European Central Bank. Rising inflation has raised concerns it may become built into the economy along with slow or nonexistent growth, a policy conundrum dubbed“…
—The Bank of England kept its main interest rate on hold at 3.75% Thursday and hinted of hikes to come as policymakers assess the economic impact of the Iran war and Tehran’ s effective closure of the Strait of Hormuz, through which a fifth of the world’ s crude passes. Other central banks have also held rates this week, including the U.S. Federal Reserve, the Bank of…
