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OPINION: There’s a simple solution to the health care calamity

August 30, 2025

The healthcare calamity unleashed by Republicans in Congress and Trump will ensure that hundreds of thousands of Coloradans lose coverage, and our healthcare system will be devastated. Gabe Evans, Jeff Hurd, Jeff Crank, and Lauren Boebert, is already having ugly consequences for Coloradans. Individual market insurance rates are spiking an average of 28% as…

Middletown man accused of money laundering in health care fraud scheme

August 30, 2025

Aug. 30— MIDDLETOWN— A Middletown resident and citizen of Pakistan was charged with money laundering and other offenses relating to an alleged health care fraud scheme involving durable medical equipment, according to a statement Friday from the U.S. Attorney's office. Between February and June 2025, Around the World Solutions in Middletown billed Medicare…

School Committee learns more about GLP-1 insurance coverage decision

August 30, 2025

MANCHESTER, NH– Following outcry from numerous educators during the Manchester Board of School Committee meeting in early August, the August 25th Board of School Committee meeting provided details on why Manchester School District employees no longer have insurance coverage for GLP-1 medications. During the August 25 meeting, the board was given a…

Gallego supports bill capping prices for medications

August 30, 2025

Ruben Gallego, D- Arizona, announced his support this week for a bill aimed at lowering prescription drug costs. The Capping Prescription Costs Act attempts to put a cap on out-of-pocket prescription drug costs at $2,000 for individuals and $4,000 for families with health insurance. Steven Horsford, D- Nevada, said no American should need to "negotiate against…

Youngsville residents may qualify for flood insurance savings for the first time, mayor reports

August 30, 2025

Youngsville property owners, for the first time, may qualify for a 10% reduction in their flood insurance. The city of Lafayette, Lafayette Parish and Carencro, meanwhile, all retained their Class 7 ratings. Youngsville first applied in 2021 for the voluntary FEMA program that, every five years, evaluates how well communities exceed minimum requirements for…

Cook seeks court order blocking her firing by Trump

August 30, 2025

A lawyer for Lisa Cook on Friday urged a U.S. judge to let the Federal Reserve governor keep her job while she fights President Donald Trump's attempt to fire her in a stunning assault on the central bank's independence. The case in the U.S. District Court in Washington D.C. could provide Trump with expansive power over the Fed, which has traditionally been…

Terry Savage: How interest rates work

August 30, 2025

All eyes are on the Federal Reserve and its chairman, Jerome Powell. The U.S. national debt now stands at more than $37 trillion. If we didn't owe so much money— borrowed by selling Treasury bills, notes and bonds— we could put that money to much better use, or allow people to pay less in taxes and keep the money for their own purposes.

Life insurance: Protecting what matters most

August 30, 2025

OPINION— September is Life Insurance Awareness Month and the perfect time to consider whether you have adequate coverage to protect your loved ones. While no one likes to think about what would happen if they weren't around, doing so is an act of love. Life insurance is fundamentally about protecting your loved ones should something happen to you.

Editorial: Politicizing the Federal Reserve fraught with danger

August 30, 2025

It's not hard to find mistakes in the Federal Reserve's recent history, but Donald Trump's latest attempt to erode the institution's independence is dangerous. On Monday night, Trump announced that he would try to fire Fed governor Lisa Cook, whose term otherwise expires in 2038. Yet the Fed, the justices wrote in May, is "a uniquely structured, quasi-private…

Double-digit health insurance rate hikes coming to WNY individuals, small businesses in 2026

August 30, 2025

•Highmark Western and Northeastern New York, which includes Highmark Blue Cross Blue Shield of Western New York, wanted an average increase of 23.9% in its individual market– in which it has about 3,200 members– but the state approved a 19.4% increase. •Independent Health requested an average rate increase of 38.4% in the individual market, where it has roughly…

Superintendent of Insurance urges consumers to understand role in prior authorization process

August 30, 2025

The New Mexico Office of Superintendent of Insurance urges all health insurance consumers to actively monitor the status of any prior authorization requests submitted on their behalf. New Mexico law places time limitations on the review of prior authorization requests upon health insurance companies, the release stated. “When consumers receive clear,…

MEMBERS FIRST OF MARYLAND FEDERAL CREDIT UNION CLOSES, ABERDEEN PROVING GROUND FEDERAL CREDIT UNION ASSUMES MEMBERS AND SHARES

August 30, 2025

ALEXANDRIA, VA The National Credit Union Administration today liquidated Members First of Maryland Federal Credit Union in Baltimore, Maryland. The new Aberdeen Proving Ground Federal Credit Union members will experience no interruption in services and their accounts remain federally insured by the National Credit Union Share Insurance Fund.

UPDATE ON PAYROLL EMPLOYMENT GAINS DATA REVISIONS

August 30, 2025

The following information was released by the Federal Reserve Bank of San Francisco:. The latest revisions to monthly payroll employment data issued in August by the Bureau of Labor Statistics were large, renewing concerns about data reliability. In a March 2025 study, we assessed short-term revisions in payroll employment and consumer price index…

Insurance industry opposes regulation, blames inflation, climate change for rate hikes

August 30, 2025

JB Pritzker and legislative leaders who said the hikes raise suspicions that Illinois homeowners are being charged extra to help cover insurance losses caused by wildfires, hurricanes and other natural disasters elsewhere in the country. Robert Gordon, a senior vice president at the American Property Casualty Insurance Association, said property losses…

ANALYSIS: 5 takeaways from Colorados 2025 special session

August 29, 2025

The six-day special session of the General Assembly dealt with the state’ s fiscal crisis, artificial intelligence, a ballot measure on school meals, and health insurance premiums. Democrats said the special session was needed because of a $1.2 billion loss individual and corporate income tax revenue. Republicans have rejected that framing of the problem,…

Health insurers to provide $75.6M in rebates

August 29, 2025

BOSTON— More than 350,000 Massachusetts health care consumers will be getting“ rebates” from several major private health insurers under a state law requiring them to spend a majority of premiums on medical services. Those companies are Blue Cross and Blue Shield of Massachusetts HMO Blue Inc., Fallon Community Health Plan Inc., Harvard Pilgrim Health Care…

Trademark Application for “PREPARE. PROTECT. PREVAIL.” Filed by Hartford Fire Insurance Company: Hartford Fire Insurance Company

August 29, 2025

2025 AUG 29– 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“ PREPARE. PREVAIL.” by Cedric DeLaCruz THE HARTFORD INSURANCE GROUP, INC., representing Hartford Fire Insurance Company. The registrar information for this…

ANALYSIS: 5 takeaways from Colorado's 2025 special session

August 29, 2025

The six-day special session of the General Assembly dealt with the state's fiscal crisis, artificial intelligence, a ballot measure on school meals, and health insurance premiums. Democrats said the special session was needed because of a $1.2 billion loss individual and corporate income tax revenue. Republicans have rejected that framing of the problem,…

Mass. couple running insurance business defrauded clients out of $700K, feds say

August 29, 2025

A New Bedford couple was charged in connection with an insurance business that defrauded 50 of their clients out of $700,000, United States Attorney Leah Foley’ s office said. Brendan Lawler, 58, and Lisa Lawler, 45, were charged with one count each of wire fraud and conspiracy to commit wire fraud. The Lawlers operated BL Insurance Brokerage, LLC, Foley’ s office…

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