Department officials on Wednesday, Sept. 17, announced a lawsuit filed in federal court against Inland Empire Health Plan that alleges it broke federal law by making false claims regarding Medi-Cal, the state’ s version of the federal Medicaid program that provides health coverage to the poor and disabled. As of June, 4 in 10 Inland residents were on Medi-Cal,…
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The Federal Reserve cut its key interest rate by a quarter-point Wednesday and projected it would do so twice more this year, as concern grows at the central bank about the health of the nation's labor market.The move is the Fed’ s first cut since December and lowered its short-term rate to about 4.1%, down from 4.3%. Before the meeting, investors had projected five…
2025 SEP 17– 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“ EVERROCK” by Kathryn Swint Pirkey Barber PLLC, representing The Prudential Insurance Company of America. This application was made available to the public on…
2025 SEP 17– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators discuss new findings in Physical Therapy and Rehabilitation Medicine- Pediatric Rehabilitation Medicine. According to news originating from Pittsburgh, Pennsylvania, by NewsRx editors, the research stated,“ For almost all Americans, having affordable access to quality…
2025 SEP 17– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Managed Care have been published. According to news reporting originating in Rockville, Maryland, by NewsRx journalists, research stated,“ Low-income Medicaid-enrolled adults are likely to have poor oral health and experience substance use disorders.
2025 SEP 17– By a News Reporter-Staff News Editor at Insurance Daily News– Investigators publish new report on Managed Care. According to news reporting out of Providence, Rhode Island, by NewsRx editors, research stated,“ The Patient Driven Payment Model, implemented in October 2019, fundamentally changed how Medicare reimburses skilled nursing facilities…
TAMPA, Fla.— The Federal Reserve announced it has cut interest rates for the first time in months. The Federal Open Market Committee said that as job gains slow and inflation still rises, it is working to achieve "maximum employment" and an inflation rate of 2% in the long run. The Federal Reserve said the economic outlook is still uncertain as its growth has "actively…
Thune acknowledged that there's growing support among Republicans in both the Senate and House to prevent the expanded health insurance subsidies from expiring at the end of this year, something that would cause millions of Americans to see substantial increases to their health care premiums. Thune said he's offering Democrats the clean continuing…
AM Best has revised the outlooks to positive from stable and affirmed the Financial Strength Rating of C++ and the Long-Term Issuer Credit Ratings of“ b+” of Genworth Life Insurance Company and Genworth Life Insurance Company of New York. These companies are referred to as Genworth Financial Group. Concurrently, AM Best has affirmed the Long-Term ICRs of bb-” of…
U.S. stocks churned between gains and losses, but they ultimately remained near their record levels. Stocks initially rose and bond yields fell after officials at the Federal Reserve indicated they may cut interest rates several more times by the end of 2026. But they snapped back after Fed Chair Jerome Powell warned not to take the projections as gospel.
Monroe Capital LLC announced today that Chairman and CEO Ted Koenig is amplifying his perspective on Federal Reserve independence and the prudent path for interest-rate adjustments as attention to monetary policy intensifies across markets. With the Federal Reserve scheduled to issue its policy statement on September 17, 2025, market consensus points…
The Federal Reserve announced a quarter-percentage-point rate cut on Wednesday, after taking a wait-and-see approach to President Donald Trump's sweeping tariffs. The FOMC said the decision was in "light of the shift in the balance of risks. Trump's newest appointee to the FOMC, Stephen Miran, was the only member to oppose the move.
Monrovia, Liberia; September 16, 2025- The Central Bank of Liberia has assured the public that there is no shortage of Liberian dollars in the economy and that all commercial banks are required to honor customers' withdrawals on demand. Despite this reassurance, many Liberians claim that the recent decline in the U.S. dollar exchange rate has not resulted in…
Democratic lawmakers are pushing a federal bill that would bar large health insurers from buying or owning medical clinics— a change that could reshape Oregon communities where UnitedHealth Group’ s Optum has expanded in recent years. Jeff Merkley of Oregon and Elizabeth Warren of Massachusetts, along with Rep. Val Hoyle of Oregon and other House members.
The Federal Reserve: These are words heard often on the news, usually in connection with interest rates, but what does the Federal Reserve actually do? Prior to her stint at the Federal Reserve, Briggs worked as a reporter, a television/radio host, and as press secretary for a gubernatorial candidate. Briggs began her talk by answering the big question: What is the…
For the first time in nine months, the Federal Reserve on Wednesday lowered its key interest rate, a quarter-percentage point cut likely to only slightly lower borrowing costs for consumers buying items big and small. “Rate cuts are welcome news for Americans with debt, but one small reduction won’ t make much difference when bills come due,” said Matt Schulz, chief…
The following information was released by the U.S. House of Representatives Committee on Financial Services:. "For too long, the Federal Reserve has been stretched between competing objectives. I thank my friends and colleagues, Rep. Donalds and Rep. Stutzman, for leading this effort with me. "
The following information was released by the U.S. Senate Committee on Banking, Housing, and Urban Affairs:. United States Senator Elizabeth Warren, Ranking Member of the Senate Banking, Housing, and Urban Affairs Committee released the following statement:. The Fed has no choice but to cut interest rates to protect American jobs, but make no mistake, that alone…
Oregon's U.S. Senator Jeff Merkley and Massachusetts' U.S. Senator Elizabeth Warren teamed up with U.S. Representatives Val Hoyle, Pat Ryan, and Pramila Jayapal to introduce new legislation in response to billionaire health care corporations buying up independently owned clinics across the nation to pad their own pockets and leave patients out in the cold.
