President Trump recently nominated Kevin Warsh to become the next chairman of the Federal Reserve's Board of Governors. The Fed chair, for example, only has one out of 12 votes on the Federal Open Market Committee, the crucial decision-making body that sets interest rates. Princeton University economist Alan Blinder researches and teaches about the Fed.
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Feb. 10— OLYMPIA— A bill to streamline access to mental health has been introduced in this year's session of the Washington Legislature. This addresses a very real problem, witnesses told the House Health Care and Wellness Committee during a Feb. 3 hearing. "Across Washington, families and employers pay premiums and are promised behavioral health coverage," said…
The subpoenas were sent to Blue Shield of California, Centene Corporation, CVS Health, Elevance Health, GuideWell, Health Care Service Corporation, Kaiser Permanente and Oscar Health. Enhanced premium tax credits for ACA coverage expired at the beginning of the new year, but as Medicare and Medicaid fraud have dominated the national conversation, Republicans…
—Shares were moderately higher in Asia on Wednesday after U.S. stocks drifted to a mixed finish following a discouraging report on how much money U.S. retailers made during the holidays. U.S. futures edged higher and prices of gold, silver and oil also advanced. Hopes rose that the Federal Reserve will cut interest rates later this year to boost the economy…
One Nevada Credit Union announced five promotions within its leadership team to better align roles and impact. In this new role, he oversees the credit union's retail branch network, Contact Center, marketing, consumer, mortgage and business lending, as well as the credit union's member investment and insurance areas. —Jennifer Sayegh, formerly Contact Center…
At the center of MOAA's work to combat this threat is the Governing Unaccredited Representatives Defrauding VA Benefits Act, a bipartisan bill which would restore long-overdue accountability to the VA disability claims process. But in 2006, Congress repealed criminal penalties for unaccredited individuals who illegally charge veterans for claims…
AUBURN— When City Comptroller Mary Beth Leeson opened her 2025-26 budget update at the Jan. 29 City Council meeting, she acknowledged it wouldn't be good news. The city of Auburn is facing a projected $1.2 million revenue shortfall and expenses are on track to be $800,000 higher than what was budgeted for in 2025-26. Instead of using $1 million from its dwindling…
2026 FEB 10– By a News Reporter-Staff News Editor at Economics Daily Report– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ CENTRAL BANK OF THE MIDWEST” by Kent R. Erickson AVEK IP, LLC, representing Central Bancompany, Inc. This application was made available to the public on January…
I turn 65 in April, am covered under my wife's employer's health insurance and am fighting liver cancer. I am participating in a clinical trial for a cancer medication which costs over $12,000 per month and am paying $0 for a medication that is curing my cancer. I am concerned about what to do when I enroll in Medicare and if I will be in Medicare's "donut hole" since…
2026 FEB 10– By a News Reporter-Staff News Editor at Insurance Daily News– According to news reporting originating from Washington, D.C., by NewsRx journalists, a trademark application has been made for“ BCBS GLOBAL” by Stacey J. Watson, Esq. Markery Law LLC, representing Blue Cross and Blue Shield Association. The registrar information for this application is:…
Stocks drifted to a mixed finish after flirting with record highs. The action was stronger in the bond market, where Treasury yields sank following a discouraging report on how much money U.S. retailers made in December. That raised expectations that the Federal Reserve will cut interest rates later this year to boost the economy.
A $2.67 billion class-action lawsuit involving Blue Cross Blue Shield is set to start sending payments this spring, more than five years after it initially was settled. More than 30 Blue Cross Blue Shield insurance plans first were sued in 2013, alleging that the health insurance network had violated antitrust laws by agreeing not to compete in selling…
While people have been quick to blame health insurers for the skyrocketing cost of health care in the U.S., the reality of the situation is more nuanced, and other factors have played a much bigger role in driving up costs. We explore some of those less-reported drivers of the high cost of health care in the country. […]
Insurance companies could be compelled to pay homeowners in Southern California who lost their homes in the January 2025 wildfires, if elected leaders have their way. During a news conference Monday evening at the Capitol, local leaders and homeowners from the Los Angeles area joined Assemblymember Tina McKinnor, D- Inglewood, to announce legislation is…
The following information was released by Massachusetts Senator Elizabeth Warren:. Today, Senators Elizabeth Warren and Josh Hawley introduced the Break Up Big Medicine Act to address rampant consolidation in the health care industry that drives up prices, squashes competition, and fuels corporate greed. The only way to make health care more affordable is…
The new survey analyzed the latest consumer finance data from the New York Federal Reserve and the U.S. Bureau of Labor Statistics. This comes at the same time as total household debt exceeded $18.59 trillion in quarter three of 2025, $900 billion behind the all-time high experienced during the 2008 financial crisis. U.S. Treasury Secretary Scott Bessent said…
Arch RoamRight, a leading provider of travel insurance solutions, is proud to announce a collaboration with Tern, the all-in-one operating platform for travel businesses. "We’ re thrilled to partner with Tern and become the first travel insurance provider available on their platform," said Cory Sobczyk, Regional Vice President, Arch RoamRight.
—Stocks are flirting with records on Wall Street Tuesday following a mixed set of profit reports from big U.S. companies, as Hasbro jumps but Coca-Cola slips. Hopes are also building that the Federal Reserve will cut interest rates later this year to boost the economy following a discouraging report on the strength of U.S. shoppers. On Wednesday, the U.S….
The new financial projections, filed this month in Ramsey County District Court, follow motions by some of Minnesota’ s largest health systems to intervene in the court-ordered rehabilitation and make sure they get paid for care provided to UCare members. Health systems including Allina, Hennepin Healthcare and Mayo Clinic have argued they need a more…
