This Tuesday, in his unusual appearance in the White House Oval Office with his son X Æ A-XII alongside Donald Trump, he was asked if that didn’t pose a conflict of interest, given the multibillion-dollar contracts SpaceX has with the Defense Department. "First of all, I’m not the one submitting the contract, you know, it’s SpaceX people, or something like that,…
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Now, the CFPB is in Musk's crosshairs as the latest target of a group of young operatives tasked with President Trump's marching orders to cut federal government spending at the same time the agency was poised to oversee his grand plan of morphing X into a financial services juggernaut. "The fact that Musk is now engaged in payment businesses that would be…
From Philly and the Pa. suburbs to South Jersey and Delaware, what would you like WHYY News to cover? When her primary care doctor mentioned a new kind of medication for weight loss, Taegan Byers was cautiously optimistic. She'd been struggling with weight gain ever since getting diagnosed with polycystic ovary syndrome as a teenager.
Extreme weather, amplified by climate change, has raised insurer risks and insurance rates for U.S. homeowners, especially in the last decade. Florida, for example, sustained a staggering $237 billion in disaster damage from 2020 through 2024— increasing non-renewal rates and stoking the state's insurance crisis.2. Recent devastating wildfires in Los…
A measure to help tackle insurance fraud in Kentucky gained unanimous approval Tuesday from legislators on the Senate Banking and Insurance Committee. Rick Girdler, R- Somerset, is sponsoring the bill. Eric DeCampos of the National Insurance Crime Bureau testified that the bill would provide law enforcement personnel with additional tools to investigate…
Mike Jacobson's bill to extend Nebraska's quest for more federal Medicaid help beyond hospitals sailed Tuesday to first-round approval in the Legislature. Those funds then would be continually recycled between those insurers and the state, serving as Nebraska's share of matching funds to unlock more federal money to repay physical health providers for…
The liability soared to a reported $40 billion in 2016, but State Treasurer Dale Folwell worked diligently to improve the plan and succeeded in reducing liabilities— but not permanently. As of June 30, the liability had risen to $34 billion. When first started, the Office of Management and Budget administered the plan, but OMB ascertained it wasn't capable of…
Behavioral health providers and advocates from across Nebraska say a federal rule change intended to expand the pool of counselors covered by federal health insurance is instead limiting— or threatening to limit— vulnerable patients' access to mental health care. But the fact that Medicare's provider rates are significantly lower than the rates paid by…
Ohio's dismal 44th place in national health value demonstrates a harsh reality: We face higher medical expenses and poorer health outcomes than most other Americans. And things will get even worse if Congress adopts a new federal law to tax employer-sponsored health plans as if they are wages. The scheme would reduce paychecks and increase costs for Ohio's…
UnitedHealth Group has agreed to pay at least $20.25 million to settle a U.S. Department of Labor lawsuit that alleged a division of the company, called UMR, wrongly denied thousands of claims to pay health care providers for emergency room services and urinary drug screenings. In July 2023, the federal government alleged UMR, which administers health plans for…
Federal Reserve Chair Jerome Powell said the latest consumer price data show that while the central bank has made substantial progress toward taming inflation, there is still more work to do. "I would say we're close, but not there on inflation," Powell told the House Financial Services Committee Wednesday in response to a question on the second day of his…
BOSTON— Massachusetts taxpayers who lack health insurance will be digging a little deeper into their pockets in the next tax year, with the state increasing penalties for the uninsured. A memo from state Department of Revenue Commissioner Geoffrey Snyder said individuals and married couples who can afford but don't get health insurance coverage in 2025…
Inflation figures released on Feb. 12, 2025, will come as a disappointment to Americans who hoped President Donald Trump would be true to his word on bringing down prices "on Day One." It means inflation remains above the Federal Reserve's long-run target of 2%– making it harder for the central bank to cut rates at its next meeting on March 19. At its last meeting, the…
-California's state-supervised fire insurance provider of last resort received approval to levy a $1 billion assessment on private insurers to ensure it can continue paying claims from the devastating January 2025 wildfires. The assessment, which must be paid by all admitted insurers writing property insurance in California, comes as the California FAIR…
For as long as most of us can remember, North Carolina's employee State Health Plan has been troubled, often described as being in crisis. The liability soared to a reported $40 billion in 2016, but State Treasurer Dale Folwell worked diligently to improve the plan and succeeded in reducing liabilities, but not permanently. As of June 30, 2024, the liability had…
Our asset management business had over $135 billion of inflows and further expanded its credit platform through a partnership with Castlelake, an asset-backed credit specialist. Our wealth solutions business is now firmly established as a top-tier annuity writer in the U.S., top two in Canada, and we are just getting started in the U.K. Our operating…
Modeled on a proposal approved by lawmakers last year to levy an assessment on all Nebraska hospitals, LB527, introduced by North Platte Sen. Under the bill, the state Department of Health and Human Services would be required to submit a state plan amendment to the Centers for Medicare and Medicaid Services by Aug. 1, 2025. If approved, the state plan amendment…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 Form 40- F OR For the fiscal year ended December 31, 2024 Commission File Number 001-15014 Sun Life Financial Inc. Canada 52411 Not Applicable 1 York Street, 31 st Floor, Toronto, Ontario, Canada M5J 0 B6 979-9966 Sun Life Assurance Company of Canada- U.S. Operations Holdings, Inc. One Sun Life…
That's because the state's Department of Insurance doesn't collect the information, which advocates say is critical to getting a handle on what parts of Texas have the most immediate need for relief. Texas did participate but declined to request new information from insurers, including ZIP code-level data about where providers don't renew existing…
