New Jersey financial professional Jill Van Nostrand submitted a comment letter to the New Jersey Department of Labor and Workforce Development opposing the state’s proposed expansion of the ABC Test for determining independent contractor status.
The latest from Washington, D.C., impacting the insurance and financial services industries.
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A split Fed leaves rates unchanged despite renewed pressure from Trump
Governors Christopher Waller and Michelle Bowman dissented, advocating for a 25-basis-point interest rate cut.
The bipartisan kindness of caregiving
Could anything be more bipartisan than encouraging and supporting those providing care for loved ones?
Three industry organizations have praised the signing of H.R. 1 – also known as the Big Beautiful Bill – calling out provisions related to tax reform.
he National Association of Benefits and Insurance Professionals said the passage of H.R. 1, The One Big Beautiful Bill Act includes several critical health policy provisions with far-reaching impacts on employer-sponsored insurance, individual coverage and the broader health care marketplace.
SCOTUS ruling on nationwide injunctions could have lasting implications
A SCOTUS ruling on birthright citizenship could also shut down a key strategy for financial services to block unwelcome federal rules.
Parliamentarian rejects Medicaid provisions in ‘big beautiful bill’
Senate Parliamentarian Elizabeth MacDonough struck out against the major Medicaid provisions in the “big beautiful bill,” warning senators that bill’s passage may be at risk.
Supreme Court allows Medicaid cuts to Planned Parenthood
The court ruled in favor of South Carolina over its effort to defund Planned Parenthood, concluding that individual Medicaid patients cannot sue to enforce their right to pick a medical provider.
Health insurers tell HHS, CMS they’ll fix prior authorization system
Health insurers pledged to streamline and improve the prior authorization processes for Medicare Advantage, Medicaid, Affordable Care Act marketplace and commercial plans covering nearly eight out of 10 Americans.
CMS increases MA broker compensation for 2026
The Centers for Medicare and Medicaid Services is adjusting agent compensation for Medicare Advantage upward, representing the largest MA increase in broker compensation in years.
Social Security, Medicare heading for 2033 crisis, trustees report
Social Security and Medicare’s primary trust funds are projected to become insolvent by 2033 unless Congress acts promptly.
Fed keeps rates steady as Trump ramps up attacks on Powell
The Federal Reserve kept interbank interest rates at a range of 4.25 to 4.5 percent on Wednesday amid pressure from President Donald Trump.
The combined funds move one year sooner.
The National Association of Professional Insurance Agents sent a letter to Senate leadership urging them to reject language in the “One Big Beautiful Bill” that would place a 10-year moratorium on any state-level legislative or regulatory action relating to AI.
The budget reconciliation bill passed by the House of Representatives would reduce health care spending in the United States by $797 billion over the next decade, with more than one-third (36%) of the cuts occurring in California, Florida, Texas and New York, a new analysis shows.
What cuts, 20% layoffs at NOAA might mean to insurers
As another volatile hurricane and wildfire season looms, insurers are confronting a new risk not coming from nature — but from Washington.
Impact of ‘big, beautiful bill’ to advisors may be a shift in client behavior
The sweeping federal budget legislation dubbed the “big, beautiful bill” by its backers is sparking sharp debate over its potential impact.
A new analysis of the budget reconciliation bill passed by the House of Representatives finds health care providers could lose more than $770 billion in revenue over the next decade as a result of more than 11 million people losing health coverage through Medicaid and the Affordable Care Act marketplaces.
The model provides states with a framework to prohibit health care facilities, including hospitals, from imposing facility fees for outpatient services and requires those facilities to accurately bill for services provided at hospital-owned facilities.
Caregiving and an aging population: How can government help?
An increasing number of older Americans will need long-term care at some point, with most of the care performed by unpaid family members.
