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Democratic candidates revive single-payer promise as California's healthcare system faces strain

May 8, 2026

Katie Porter and California state Superintendent of Public Instruction Tony Thurmond have made that promise as well. In reality, Democratic lawmakers in Sacramento have repeatedly rejected the idea, which would replace most private health insurance with a single payer: the state of California. "It's like the central issue in Democratic primaries in this…

'Mecca for fraud': As Obama's healthcare crown jewel implodes, taxpayers foot the bills

May 8, 2026

CVS' Aetna ceased offering plans and overall enrollment has declined since Congress refused to renew ACA subsidies, The Hill reported. "Medical insurance has become unbearably expensive, and this is even before a single service is used," Jeffrey Tucker, founder and president of the Brownstone Institute, told the Daily Caller News Foundation.

City OKs 2025-28 contract for Racine Fire Staff Officers' union

May 8, 2026

RACINE— The Common Council on Tuesday approved the Racine Fire Staff Officers' Association's newest contract, which includes increases for members' health insurance premium contributions, among other gains. *Authorized the city to enter into a sole source, three-year contract with Environmental Systems Research Institute to maintain the city's…

Rob Schofield: NC’s new Medicaid ‘compromise’ comes at a cost

May 8, 2026

It's understandable that North Carolina Gov. Josh Stein decided to host a signing ceremony last week that featured a smattering of legislative Republicans when he approved new "compromise" legislation to extend funding for the state's Medicaid health insurance program. After having enjoyed precious few policy wins and endured 16 months of relentless and…

Payward Files Application for OCC National Trust Company, Deepening Commitment to Regulated Digital Asset Infrastructure

May 8, 2026

Application complements Kraken Financial, the first digital asset bank to hold a Federal Reserve master account. CHEYENNE, Wyo.—- Payward, Inc., a unified financial infrastructure platform advancing an open, global financial system, has filed an application with the Office of the Comptroller of the Currency for a national trust company charter.

U.S. DEPARTMENT OF THE TREASURY HOSTS CONVENING WITH STATE INSURANCE COMMISSIONERS ON PRIVATE CREDIT AND THE INSURANCE SECTOR

May 8, 2026

The following information was released by the Department of the Treasury:. Today, Secretary of the Treasury Scott Bessent met with state insurance commissioners and the National Association of Insurance Commissioners. Secretary Bessent and the state insurance commissioners discussed the U.S. life insurance sector, including recent developments in…

Prime Healthcare hospitals will stay in-network with Blue Cross and Blue Shield of Illinois, after months of uncertainty

May 8, 2026

Prime Healthcare, which owns eight Illinois hospitals, will remain in-network with the state’ s largest health insurer, Blue Cross and Blue Shield of Illinois for now, following months of uncertainty over whether the two companies would reach a contract agreement, the health system announced Thursday evening. Had they been unable to reach an agreement, Prime…

Ohio State Bar Association and ALPS Insurance Reach Agreement for Sale of Ohio Bar's Insurance Provider

May 8, 2026

The Ohio State Bar Association and ALPS Insurance today announced that they have entered into a definitive agreement under which ALPS will acquire the Ohio Bar Liability Insurance Company, a leading provider of professional liability insurance for attorneys in Ohio. The transaction reflects a shared commitment to strengthening the long-term delivery…

AM Best Assigns Credit Ratings to Tokio Marine Newa Insurance Co., Ltd.

May 8, 2026

AM Best has assigned a Financial Strength Rating of A and a Long-Term Issuer Credit Rating of“ a+” to Tokio Marine Newa Insurance Co., Ltd.. Established in 1999 by Yulon Group, a major automobile conglomerate in Taiwan, and later partnered with Tokio Marine Group, TMNewa is the fourth largest non-life insurer in Taiwan, with a 7.6% market share in 2025.

LEADING HEALTH ORGANIZATIONS URGE NC LAWMAKERS TO RECONSIDER IMPLEMENTATION OF MEDICAID CUTS

May 8, 2026

The following information was released by the American Lung Association:. 14 nonpartisan organizations representing millions of patients living with serious and chronic health conditions are concerned that HB 696 CCS, signed by Josh Stein Thursday, puts in place new, overly burdensome requirements for people with Medicaid health insurance coverage in…

FOR 7TH STRAIGHT YEAR, MEDICAL LIABILITY INSURANCE PREMIUMS CLIMB

May 8, 2026

The following information was released by the American Medical Association:. Meanwhile, specialists such as ob-gyns are very likely to face a medical liability claim during their career. For a deeper dive on the latest in legislative trends, research and advocacy efforts on medical liability reform, tune into the AMA's May 20 webinar on the subject.Learn more…

PCA PAPER WORKERS IN MINNESOTA RATIFY STRONG AGREEMENT WITH MAJOR WAGE GAINS, PROTECTED HEALTH INSURANCE

May 8, 2026

IAM Union Local W33 and 760 members working at PCA Paper Products in International Falls, Minn., along with members of the four other unions represented at the plant, have ratified a strong four-year agreement after two weeks of negotiations. "This agreement shows what's possible when workers stand united across unions with a clear plan and strong preparation,"…

CMS Releases Proposed Rule To Improve Prior Authorization Processes

May 8, 2026

CMS Releases Proposed Rule To Improve Prior Authorization Processes. Within the 2026 Centers for Medicare& Medicaid Services Interoperability Standards and Prior Authorization for Drugs proposed rule, CMS announced plans to improve prior authorization processes for patients insured through a Medicare Advantage, state Medicaid and Children's Health…

NC House lawmakers push for better breast cancer detection

May 8, 2026

Bipartisan lawmakers in the North Carolina House are backing a bill that would provide equal health insurance coverage for diagnostic and supplemental breast imaging. The bill has passed the House with overwhelming bipartisan support each time, but has never advanced in the state Senate. Depending on the patient's insurance plan, a copay for those…

Bill Ackman Launches New Fund on Wall Street with Investment from Mexican Investors

May 8, 2026

U.S. investor Bill Ackman launched Pershing Square USA, a new investment vehicle poised to become one of the most significant IPOs of 2026, in partnership with Mexican investors.. Bill Ackman’s Pershing Square USA seeks to attract global capital. Currently, Pershing Square’s portfolio holds positions in technology and financial companies such as Alphabet,…

Hedge funds hit their highest level since 2020

May 8, 2026

A global hedge fund index compiled by the data firm HFR rose 5 percent in April, the largest increase since November 2020, according to preliminary figures. The S&P 500 index of leading U.S. stocks surged 10.4 percent last month, its biggest monthly gain since the COVID vaccine rollout in November 2020, helped by a ceasefire in the war with Iran and strong earnings.

Trump task force recommends sweeping changes to FEMA — but not eliminating it

May 8, 2026

WASHINGTON— President Donald Trump's task force to recommend changes to FEMA approved a report Thursday that would not dismantle the disaster response agency— as some in the administration wanted— but would transfer many current federal tasks to the states, privatize flood insurance and release federal money to the states in the form of grants rather than…

Which type(s) of small business insurance does your business need? (Almost) every coverage explained

May 8, 2026

Which type of small business insurance does your business need? Small business insurance needs aren't the same for every owner. While "business insurance" is often talked about as a single thing, it usually includes multiple types of small business insurance policies designed to address different risks.

JACKSON AREA FEDERAL CREDIT UNION CONSERVED

May 8, 2026

Alexandria, VA- The National Credit Union Administration today placed Jackson Area Federal Credit Union in Jackson, Mississippi into conservatorship. Member deposits at Jackson Area Federal Credit Union remain protected by the National Credit Union Share Insurance Fund, which has the backing of the full faith and credit of the United States.

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