Mental health has been at the center of former U.S. Rep. In 2008, while representing Rhode Island in the U.S. House of Representatives, Kennedy was the lead author of the Mental Health Parity and Addiction Equity Act, a federal law that requires health insurance companies to provide equal coverage for mental health and addiction care and general physical health…
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Because the United States still doesn't have a national health care system that guarantees everyone adequate medical attention. On December 4, a gunman murdered Brian Thompson, UnitedHealthcare's 50- year-old CEO. And Andrew Witty, CEO of the overall UnitedHealth operation, collected $23.5 million, making him the nation's highest-paid health insurance CEO.
The U.S. has made great progress in getting more people insured since the Affordable Care Act took effect in 2014. The share of uninsured Americans ages 18 to 64 fell from 18% before the ACA to 9.5% in 2022. And preexisting conditions no longer prevent coverage or lead to an increase in premiums.
2024 DEC 16– By a News Reporter-Staff News Editor at Insurance Daily News– A new study on Agriculture- Crop Insurance is now available. Funders for this research include National Science Foundation, The Nina Mason Pulliam Charitable Trust. Our news journalists obtained a quote from the research from Indiana University,“ We studied a novel conservation…
2024 DEC 16– By a News Reporter-Staff News Editor at Insurance Daily News– Current study results on Managed Care have been published. Financial support for this research came from School of Dentistry, University of Washington. The news reporters obtained a quote from the research from the University of Washington,“ Three state agencies provided enrollment and…
Even as UnitedHealth Group workers have been wrongly made to feel unsafe by a barrage of threats and vitriol over the past nine days, CEO Andrew Witty said in a New York Times op-ed Friday that insurers must do better in being transparent with patients when coverage for care is denied. UnitedHealth Group confirmed Thursday night that shooting suspect Luigi…
—U.S. stock indexes drifted amid mixed trading Monday, ahead of this week’ s upcoming meeting by the Federal Reserve that could set Wall Street’ s direction into next year. The market’ s main event, though, will arrive on Wednesday when the Federal Reserve will announce its last move on interest rates for the year. Fed Chair Jerome Powell will also answer questions in a…
tm2429649-2_def14a- none- 3.6406453 s UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 SCHEDULE 14 A Proxy Statement Pursuant to Section 14 of the Securities Exchange Act of 1934 Filed by the Registrant☒ Filed by a Party other than the Registrant☐ Check the appropriate box:☐ Preliminary Proxy Statement☐ Confidential, for the use of the…
PEMBROKE, Bermuda—- AXIS Capital Holdings Limited and Enstar Group Limited today announced that they have entered into a loss portfolio transfer reinsurance agreement covering a portfolio of reinsurance segment business. This transaction is predominantly attributable to casualty portfolios related to 2021 and prior underwriting years totaling $3.1…
The Big Picture for Markets and the Economy in 2025 12/16/2024 Anthony Saglimbene, Chief Market Strategist, Ameriprise Financial Stocks put in a mixed week of performance last week as investors digested updated inflation data and waited for this week's final Federal Reserve policy update of the year. However, it will likely be the updated Summary of Economic…
The Federal Home Loan Bank of Dallas, along with Community 1 st Bank, provided $9,000 in Partnership Grant Program funding to the Las Vegas Arts Council to promote economic and artistic development in Las Vegas, New Mexico. From left: Makahla Harapat, executive director of MainStreet de Las Vegas; Richard Lindeborg, president of the Las Vegas Arts Council; Yvette…
UnitedHealth Group agreed to pay $69 million to settle a class action lawsuit from an employee who alleged the health care giant offered its employees lower-performing 401 options than it could have, costing workers hundreds of millions in lost investment profits. The litigation alleged interference by the company’ s CFO to retain certain Wells Fargo funds…
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549. The Annual Meeting of Stockholders of Nutriband Inc., a Nevada corporation, will be held at 400 West Church Street, City National Hourglass Room, Orlando, FL 32801, on Thursday, January 23, 2025, at 10:00 A.M. for the following purposes:. Ratification of Sadler, Gibb& Associates, LLC as the…
Lincoln Financial, a leading provider of insurance, annuities, group benefits and retirement solutions, has hired industry veteran Tom Morelli as Vice President, Investment Distribution. Tom Morelli, Source: Lincoln Financial. Morelli will focus on supporting the distribution of Lincoln’ s suite of more than 100 sub-advised variable insurance funds, mutual…
AM Best has commented that the Financial Strength Rating of A+ and the Long-Term Issuer Credit Rating of“ aa-” of Nippon Life Insurance Company remain unchanged following the announcement of the acquisition of Resolution Life Group Holdings Ltd. on 11 December 2024. Nissay has entered into an agreement to acquire full ownership of Resolution Life, a global…
AM Best has affirmed the Financial Strength Rating of B++ and the Long-Term Issuer Credit Rating of“ bbb” of Al Fujairah National Insurance Company PSJC. The ratings also reflect rating enhancement from AFNIC’ s majority shareholder, the Government of Fujairah– Department of Industry and Economy, which holds in excess of 80% of AFNIC. The government of Fujairah has…
In exchange for allowing insurers to raise rates based on the growing threat of climate change, a long-running industry demand, companies must now work to expand coverage in parts of the state with the greatest fire risk, California Insurance Commissioner Ricardo Lara announced Friday. But earlier this week, Farmers Insurance, the state "s second-largest…
In observance of HIV/AIDS Awareness Month and to further the Shapiro Administration's commitment to Pennsylvanians' wellbeing, the Pennsylvania Insurance Department and the Department of Health today remind Pennsylvanians of the importance of HIV pre-exposure prophylaxis medication for HIV prevention. "We want to remind consumers that the federal…
—Radio host Charlamagne tha God was puzzled why some people are celebrating UnitedHealthcare CEO Brian Thompson's death. He questioned what Luigi Mangione's killing of Thompson in Manhattan earlier this month accomplished, arguing that insurance companies still deny claims. That 26- year-old Luigi or whatever his name is, he gonna be in jail for the rest of…
