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Washington Wire

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The latest from Washington, D.C., impacting the insurance and financial services industries.

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May 12, 2025

States would be forced to revamp Medicaid funding under House proposal

States would be forced to either revamp how they finance their Medicaid programs or cut benefits under a House Energy and Commerce Committee proposal announced Sunday night.

May 12, 2025
Illustration of a child with a Medicaid form in the background. Medicaid-cuts-mean-children-have-no-place-to-hide.

Medicaid cuts mean ‘children have no place to hide’

If Congress approves massive cuts to federal Medicaid spending, the results could hit children especially hard.

Congressional tax plan would hurt low-income families

May 9, 2025

Low-income American families would see their annual incomes shrink the most under congressional proposals to pay for tax cuts by cutting Medicaid and the Supplemental Nutrition Assistance Program, according to a new analysis from the Urban Institute, supported by the Robert Wood Johnson Foundation.

May 5, 2025
Illustration of a gavel with a document that says "Medicare Kickbaks." US-joins-lawsuit-alleging-Medicare-kickback-scheme-against-major-carriers.

DOJ joins lawsuit against major carriers alleging Medicare kickback scheme

Federal prosecutors have accused 3 of the country’s biggest health insurers of taking part in a kickback scheme allegedly defrauded Medicare.

NCOIL discusses prior authorization reform efforts

May 1, 2025

The packed agenda featured topics such as: prior authorization reform efforts; the use of genetic testing in life insurance underwriting; insurers’ use of artificial intelligence; prescription drug affordability boards; state resiliency initiatives;  and more.

May 1, 2025
Medicaid

Medicaid federal funding cap could impact millions

Medicaid remains in the crosshairs as House Republicans consider a proposal to impose per capita caps on funding for the program that provides health care for low-income Americans, including children and nursing home residents.

April 28, 2025
Congress health

How will Congress, executive orders impact health care?

Congress returns to Washington from its spring recess to face a jam-packed agenda, with extending the 2017 Tax Cuts and Jobs Act its top priority.

April 28, 2025
Medicaid

Medicaid cuts would devastate rural hospitals, communities

Medicaid cuts would disproportionately impact rural communities, older and disabled Americans, and commuities of color.

April 21, 2025

NAIFA eyes tax reform, retirement issues in 2025

Key provisions from the Tax Cuts and Jobs Act of 2017 are set to expire Dec. 31, and the National Association of Insurance and Financial Advisors is making renewal of those provisions one of its top legislative priorities this year.

April 9, 2025
Illustration showing fragments of the U.S. and Chinese flags. Tariffs-will-dampen-GDP-growth,-raise-unemployment-and-inflation.

Economist: Tariffs could dampen GDP growth; raise unemployment, inflation

The Trump tariffs will dampen gross domestic product growth not only for the U.S. but for the rest of the world, The Conference Board said.

April 8, 2025
Image of the globe with the words "import tariffs". Tariffs alter Q2 economic outlook downward, Morningstar says.

Tariffs alter Q2 economic outlook downward, Morningstar says

Tariffs have radically altered Morningstar’s second-quarter U.S. economic outlook as the organization’s chief U.S. economist said President Donald Trump’s proposed tariffs have pushed projected gross domestic product down, pushed projected inflation rates up and increased the risk of a recession to 40%.

April 4, 2025

Tariffs, trade and taxes in the time of Trump

As tariffs are under greater consideration, let’s examine their historical significance and explore potential implications of new tariff measures.

April 2, 2025
Illustration of an older man amid consumer goods with an graph going downward, indicating investment losses. Market-volatility-driven-by-uncertainty-over-tariffs.

As tariffs roil market, separate ‘signal from the noise’

Market volatility can affect investors in a variety of ways, depending on their financial situation and where they are in their financial life cycle.

March 31, 2025
Medicare Advantage

Medicare Advantage marketing driving up costs; fiduciary role recommended

Medicare Advantage plans increasingly rely on middlemen for marketing, a move that is hiking costs and making it more difficult for government to oversee and regulate the health plans that millions of older Americans rely on. That was among the findings of a report released last week by Sen. Ron Wyden, D-Ore., the ranking member of the Senate Finance Committee.

March 25, 2025
Image of an investor looking very emotional. Market-volatility-driven-by-fear-emotion.

Market volatility driven by fear, emotion

Tariffs and fear over uncertainty are driving market volatility, a panel of experts said.

March 21, 2025
Image of the US Capitol Building with the words "End of the FIduciary Rule?" overlapping.

Michigan Republican urges Chavez-DeRemer to rescind fiduciary rule

Michigan Republican urges the Trump administration’s newly confirmed Department of Labor Secretary to rescind the fiduciary rule.

March 20, 2025
Image with the label "Open Enrollment" that is torn. ACA-enrollment-period-could-be-slashed-by-one-month.

Cut to ACA enrollment period could cost 1M Americans coverage

The Trump administration proposed shortening the annual enrollment period for Affordable Care Act health insurance by one month, a move that one group warned could lead to more than 1 million Americans at risk of losing coverage.

March 19, 2025
Image of a vandalized Tesla automobile. Vandalism-may-drive-up-insurance-costs-for-Teslas.

Vandalism may drive up insurance costs for Teslas

Tesla owners may face increasing auto insurance premiums due to rising reports of vandalism directed at Tesla CEO Elon Musk.

March 19, 2025
Medpac logo against a background of insurance agents and the Capitol Building. MedPAC-view-of-Medicare-agents-blasted-by-industry-associations.

Industry associations blast MedPAC view of Medicare agents

Two professional associations representing health agents and brokers came out against the Medicare Payment Advisory Commission’s view of those who enroll consumers in coverage.

March 13, 2025
Image of the American, Mexican and Canadian flags. How-Trump-tariffs-other-policies-impact-the-insurance-industry.

How will Trump tariffs, other policies impact the insurance industry?

The insurance industry is facing even broader repercussions from the administration’s policies well beyond what tariffs could bring.

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