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WITH NEW YORKERS AT RISK FOR SKYROCKETING HEALTH CARE COSTS OR LOST POLICIES, GILLIBRAND CALLS FOR EXTENSION OF ENHANCED AFFORDABLE CARE ACT SUBSIDIES TO HELP AMERICANS AFFORD HEALTH INSURANCE

September 5, 2025

The following information was released by New York Senator Kirsten E. Gillibrand:. With crucial health insurance subsidies set to expire, U.S. Senator Kirsten Gillibrand is demanding that Congress include an extension of enhanced Affordable Care Act premium tax credits in any upcoming funding package. That is absolutely unacceptable, and it's why I'm…

BALDWIN, COLLEAGUES RELEASE REPORT DETAILING PREMIUM SPIKES, HIGHER COSTS AND COVERAGE LOSS FOR MILLIONS OF AMERICANS IF ACA TAX BREAKS EXPIRE

September 5, 2025

Today, U.S. Senator Tammy Baldwin published the findings from a report she commissioned along with Senators Jeanne Shaheen, Chuck Schumer, Ron Wyden, and Mark Warner detailing the disastrous impacts Republican-led cuts to health care, including allowing highly-effective Affordable Care Act premium tax credits to expire this year, will have on Americans'…

IN RESPONSE TO WARREN QUESTIONING, FED NOMINEE MIRAN FAILS TO DEMONSTRATE INDEPENDENCE FROM TRUMP

September 5, 2025

"Dr. Miran, you have made clear that you will do or say whatever Donald Trump wants. Stephen Miran, nominee to be a Member of the Board of Governors of the Federal Reserve System, on his independence from President Donald Trump at a moment when Trump has launched an all-out assault on the independence of the Federal Reserve, which would make life more expensive for…

NEWS: BLUNT ROCHESTER STANDS UP FOR THE FED'S INDEPENDENCE, GRILLS MIRAN IN COMMITTEE

September 5, 2025

The following information was released by Delaware Senator Lisa Blunt Rochester:. During the Senate Banking, Housing, and Urban Affairs Committee hearing this morning, U.S. Senator Lisa Blunt Rochester pressed Dr. Senator Blunt Rochester: " Dr. Miran, in your testimony, you spoke about the independence of the Federal Open Market Committee.

WATCH: GALLEGO PRESSES TRUMP FED NOMINEE ON COMMITMENT TO AGENCY INDEPENDENCE, WARNS OF CONSEQUENCES OF POLITICAL INTERFERENCE

September 5, 2025

Today, during a Senate Banking, Housing, and Urban Affairs Committee Hearing, Senator Ruben Gallego questionedFederal Reserve Board of Governors nominee Stephen Miranabout his commitment to preserving the independent, nonpolitical role of the Federal Reserve. During his questioning, Senator Gallego reminded Miran of the economic disaster that occurred…

CONGRESSMAN MAXWELL FROST REINTRODUCES EXPANDED EPIPEN ACT TO CAP COST OF LIFE-SAVING ALLERGY MEDICATION

September 5, 2025

WASHINGTON, D.C. Today, Congressman Maxwell Alejandro Frost and Congresswoman Doris Matsui reintroduced the EPIPEN Act, legislation aimed at broadening access to lifesaving allergy medication by capping out-of-pocket costs for epinephrine at $60 for a two-pack for those with employer-based or individually purchased health insurance.

Trump pick’s plan to return to White House after Fed stint draws backlash

September 5, 2025

Stephen Miran, President Donald Trump's pick for an open spot at the Federal Reserve, faced backlash Thursday after revealing that he would only temporarily leave his position as a top economic adviser to Trump if he is confirmed as a Fed governor. That independence has allowed the Fed to make decisions about interest rates and other policies based on what is…

DOJ investigating Fed's Cook over mortgage fraud

September 5, 2025

The Justice Department has launched a criminal investigation of Federal Reserve Governor Lisa Cook for submitting fraudulent information on mortgage applications. Mr. Pulte has accused Ms. Cook of misleading banks to get more favorable lending terms. He sent the Justice Department two criminal referrals last month regarding properties in Georgia and…

Idaho Legislature's DOGE panel to work on repealing state laws, wading through public input

September 4, 2025

At its second meeting Monday, the DOGE Task Force— made up of state lawmakers and named for the federal Department of Government Efficiency previously led by billionaire Elon Musk— paved more of a roadmap for its work. After years of the Legislature not acting to fix a health insurance assistance gap, in 2018 nearly 61% of Idaho voters approved Medicaid expansion…

Kansas Profile: John and Shelley Gardner, Pumpkin Pants Ranch

September 4, 2025

John and Shelley Gardner are the founders of Pumpkin Pants Ranch near Arkansas City. John was born in Ark City and worked in construction in Wichita. Shelley grew up in the Wichita area and worked in the insurance and risk management industry.

UCare requests to end Medicare Advantage for 2026

September 4, 2025

UCare, a Minneapolis- based health insurance nonprofit, made a request to the Centers for Medicare and Medicaid Services“ to mutually terminate its Medicare Advantage product offerings for 2026,” according to a news release from the insurer. "This decision was not made lightly,” said Hilary Marden-Resnik, UCare president and CEO, in the release.“ UCare remains…

Justice Department opens probe into Fed governor's mortgage declarations

September 4, 2025

–The Justice Department is investigating embattled Federal Reserve governor Lisa Cook after a top administration official accused the Biden appointee of mortgage fraud. The Justice Department issued subpoenas as part of an investigation into whether Cook submitted fraudulent information on mortgage applications. The investigation follows two…

UCare terminates Medicare Advantage plans for next year and lays off more than 140

September 4, 2025

UCare, one of the largest providers of privatized Medicare in Minnesota, is trimming its workforce and will not offer Medicare Advantage health plans used by thousands of Minnesota seniors in 2026 as it facing financial headwinds. As of today, the Minneapolis- based health insurer has 158,000 Medicare Advantage members who will have to find a new provider next…

UCare terminates Medicare Advantage plans for 2026 amid financial turmoil

September 4, 2025

UCare, one of the largest providers of privatized Medicare plans in Minnesota, plans to stop offering Medicare Advantage plans used by thousands of Minnesota seniors in 2026 as it continues to face significant financial headwinds. The Minneapolis- based nonprofit insurer enrolled more than 180,000 Minnesotans in its Medicare Advantage program this year,…

FED IN FOCUS, SEPT. 4, 2025

September 4, 2025

This is one reason the confirmation hearing in the U.S. Senate for current chair of the White House Council of Economic Advisers Stephen Miran's nomination to the Federal Reserve Board of Governors is crucial. However, In as much as some Fed decisions do affect the price of funds that AFSA Member Companies make available as credit to consumers, as well as the…

BEHIND THE WHEEL OF LEGAL INFLATION: MORE THAN $42.8B IN EXCESS AUTO TORT CASES UNCOVERED, NEW TRIPLE-I ANALYSIS FINDS

September 4, 2025

The following information was released by the Insurance Information Institute:. An analysis published today by the Insurance Information Institute revealed an estimated $42.8 billion in excess litigation value from motor vehicle tort cases filed between 2014 and 2023 in both federal and state civil courts across the United States.

Don't Let Fall Storms Drain Your Wallet, Says Mercury Insurance

September 4, 2025

LOS ANGELES, Sept. 4, 2025/ PRNewswire-PRWeb/– As cooler temperatures and the autumn season weather approaches, Mercury Insurance is encouraging homeowners to prepare their properties now for fall and the winter months ahead. "Preparing your home for fall weather, and everything that comes with it, is one of the smartest financial decisions a homeowner can make,"…

Massachusetts state health insurers to be required to cover vaccines, regardless of CDC guidance

September 4, 2025

The announcement comes after Health Secretary Robert F. Kennedy Jr.’ s extensive restructuring and downsizing of the Atlanta- based Centers for Disease Control and Prevention, including the firing of former CDC Director Susan Monarez last month. For decades, the CDC has set the nation’ s standards on vaccines— which ones are recommended and who should get them.

Trump's War On Fed Could Ignite Gold's $4,500 Liftoff

September 4, 2025

According to a new note by Goldman Sachs analyst Samantha Dart, the next phase for gold may be less about inflation or interest rates— and more about politics, credibility and trust in U.S. institutions. Goldman's base case sees gold reaching $4,000 by mid-2026, driven by strong central bank demand, global diversification away from the U.S. dollar, and growing…

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