Attorney General James Uthmeier announced charges against seven defendants for their roles in a sophisticated, organized scheme that used multiple shell construction corporations to defraud workers' compensation insurers, operated an unlicensed money service business, and processed nearly $100 million in payroll. "This criminal enterprise…
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As paymaster and healthcare administrator for state employees and retirees, Connecticut Comptroller Sean Scanlon moved swiftly to stop the auto-deposit on Kosta Diamantis' pension check on Sept. 17, and issued a statement about it less than two hours after the convicted former state budget official failed to show up in federal court for sentencing.
In a unanimous 12-0 decision, the Federal Reserve raised its benchmark lending rate by a quarter of a percentage point, to a target range of 3.75% to 4%. In explaining the first interest rate hike in three years, Fed Chair Kevin Warsh said that, "Inflation is the problem. Economist Guy Berger notes that looking back at what the Fed had expected at the end of last year, "the…
As the state works to reshape how it provides Medicaid services, Idaho state lawmakers are hoping to prioritize timely healthcare provider payments and prior authorizations, and recipients are hoping to improve coordination among services. Legislators on the Medicaid Review Panel heard updates Thursday on the process of moving the state's Medicaid…
Mark Warner has filed a bill that does away with the healthcare cuts in President Donald Trump's "One Big Beautiful Bill" while creating a low-cost public health plan to start the nation on the path to universal healthcare. This includes the $35 cap on insulin;. •cap out-of-pocket costs for medication under group or individual plans to $2,000 for single people and…
When you sign up for health insurance, your insurance provider or employer typically gives you information to review. However, you may not always understand everything you are reading, and the information can quickly become overwhelming, especially when you are faced with decisions that will directly affect your finances. Individuals may contribute up to…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
There is no greater looming threat to affordability in California than its home insurance crisis. Meanwhile, homeowners throughout the region— from rural Sonoma County to suburban San Jose— have been pushed into the FAIR Plan, the state's high-risk pool offering expensive, limited coverage. With the Nov. 3 election approaching, California voters must…
The following information was released by the Federal Reserve Board:. The Federal Reserve Board on Friday announced its approval of the application by Peoples Bancorp Inc., of Marietta, Ohio, to merge with Citizens National Corporation, and thereby indirectly acquire Citizens Bank of Kentucky, Inc., both of Paintsville, Kentucky. The Board also gave its…
Beyond looking for fresh vegetables, Albany's Saturday Farmers' Market is a time for Mayor Alex Johnson II to count strollers. "That's the future of Albany," Johnson, an insurance broker, told Mid-Valley Media at his business office this week. He's now looking to win a fourth two-year term as Albany's mayor and is running against former City Councilor Carolyn…
Beyond looking for fresh vegetables, Albany's Saturday Farmers' Market is a time for Mayor Alex Johnson II to count strollers. "That's the future of Albany," Johnson, an insurance broker, told Mid-Valley Media at his business office this week. He's now looking to win a fourth two- yea r term as Albany's mayor and is running against former City Councilor Carolyn McLeod…
Start the conversation with your spouse or partner and then talk to a qualified life insurance professional about options that may be appropriate for your circumstances.The impact of life insurance is significant right here in Illinois. Life insurers paid $5.62 billion in benefits to Illinois families in 2024. Nearly 6 million Illinois residents already…
Dave McCormick, R- Pa., says putting AI regulation in the hands of the federal government poses risks and instead offered a different solution that he believes would be better equipped to handle the evolving technology. FINRA, under the oversight of the Securities and Exchange Commission, or SEC, is a self-regulatory organization for member broker-dealers that…
Three months later, "it didn't seem to have lasted," said Barkin, president of the Federal Reserve Bank of Richmond and a member of the Federal Reserve Board committee that adjusts interest rates to either stimulate the United States economy or slow down inflation. It was the first time in three years that the Fed had raised its benchmark interest rate— now ranging…
From new work requirements for CalFresh benefits to eligibility changes with Medi-Cal and Covered California, here's a deeper look at the changes:. Medi-Cal, California's version of federal Medicaid, which provides low-cost medical coverage to people who qualify. Covered California, California's official health insurance marketplace where people can…
The following information was released by the Centers for Medicare& Medicaid Services:. The Centers for Medicare and Medicaid Services is launching an initiative with a founding group of 37 state partners to focus on how quality is measured in Medicaid and the Children's Health Insurance Program. We are encouraged at this level of commitment from states, and…
The rule was proposed by the Centers for Medicare and Medicaid Services, a federal agency within the U.S. Department of Health and Human Services responsible for Medicaid. The coalition's comment letter argues that in this case, CMS is rewriting the rules in a way that goes beyond what Congress authorized. We are urging CMS to withdraw this proposal and follow…
Today, Congressman Steny H. Hoyer released the following statement regarding the nearly 15% increase forunsubsidized individual Maryland marketplace health insurance plans in 2027:. "Donald Trump and Republicans ran in 2024 on addressing inflation and bringing costs down. It's clear that the Republicans who are in control of Congress have failed to do so,…
But Senate Minority Leader Chuck Schumer said online that the move will "kick hundreds of thousands more people off their health insurance." The Centers for Medicare and Medicaid Services tell us that every removed account was signed up by an agent or broker— not the enrollee— and met four additional criteria. First, none of the accounts had a Social Security…
