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

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February 26, 2025
Image shows Trump and a bitcoin image.
President Donald Trump needs revenue to offset trillion-dollar tax cuts.

Could Trump seek revenue via a sharp cut in 401(k) contribution limits?

The Trump administration needs revenue to offset planned trillion-dollar tax cuts. Could they look at retirement accounts?

February 21, 2025
Image of US Capitol building with the NABIP logo overlaying. Health agents optimistic.

Health agents ‘optimistic’ as a new administration takes charge

The National Association of Benefits and Insurance Professionals will gather next week for its annual Capitol Conference, with a long list of issues its members will discuss with their representatives in Congress.

February 17, 2025
Image of an older man holding an axe, poised above a chopping block that is labeled Medicaid. Medicaid-on-the-chopping-block-as-Republicans-release-budget-2
House Republicans proposed slashing Medicaid as a way to pay for federal budget cuts that would fund a GOP agenda that includes tax cuts, border security and energy production.

Medicaid on the chopping block as Republicans release budget draft

House Republicans proposed slashing Medicaid as a way to pay for federal budget cuts that would fund a GOP agenda that includes tax cuts, border security and energy production.

February 14, 2025

Economy showing momentum despite uncertainty

The U.S. economy is showing momentum in early 2025, despite lingering uncertainty in the wake of the November elections.

February 11, 2025
Letters "ACA" in the crosshairs, with image overlapping a backdrop of U.S. Congressional building. Enhanced-ACA-tax-credits-in-the-crosshairs-in-new-Trump-term.

Enhanced ACA tax credits in the crosshairs in new Trump term

Health insurers and consumers both have a big stake in whether enhanced premium tax credits for coverage on the Affordable Care Act marketplace will continue.

January 29, 2025
The words "Duplicative Bureaucracy?" overlay a federal building representing the Federal Insurance Office. Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted.

Called ‘duplicative bureaucracy,’ Federal Insurance Office is targeted

Republican Rep. Troy Downing has made abolishing the Treasury Department’s Federal Insurance Office his priority as a freshman congressman.

January 21, 2025
Illustration of a scale with weight loss drugs and a tape measure on top. Weight loss drugs top the list for price negotiations.
Weight loss drugs top the list for price negotiations.

Weight loss drugs top the list for price negotiations

The list, which includes 15 drugs, up from 10 last year, is the first step in a negotiation process between Medicare and drugmakers that is expected to take place over the coming months. The new negotiated prices won’t take effect until 2027. 

January 17, 2025
Scott-Bessent-CEO-and-CIO-of-hedge-fund-Key-Square-Group. Trump's pick for Treasury secretary says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.
President-elect Trump's pick for Treasury secretary, Scott Bessent, CEO and CIO of hedge-fund Key Square Group.

Trump pick for Treasury: extending tax cuts the ‘most important’ issue

Trump’s pick for Treasury secretary, Scott Bessent, says letting the 2017 tax expire would unleash a $4 trillion tax hike that could crush the U.S. economy.

FIO reports climate-related events take toll on homeowners insurance

January 17, 2025

The U.S. Department of the Treasury’s Federal Insurance Office released the most comprehensive data on homeowners insurance in history.

January 13, 2025

House GOP considers $5T in possible spending cuts

More than $5 trillion in federal spending cuts – including cuts to Medicaid, Medicare and the Affordable Care Act – are part of a “menu” that House Republicans are circulating to fund President-elect Donald Trump’s top priorities this year, including tax cuts.

January 13, 2025
Image of medical equipment against the backdrop of the U.S. Supreme Court building. Supreme-Court-will-hear-challenge-to-ACA-preventive-care-mandate.

Supreme Court will hear challenge to ACA preventive care mandate

The Supreme Court on Friday agreed to hear a broad challenge to the Affordable Care Act’s coverage of preventive services in its upcoming term. 

January 13, 2025
Small plastic figure of a doctor with a thumbs up sign, with the words "private equity" in the background. Private-equity-put-profits-over-patients-Senate-panel-says.

Private equity firms put profits over patients, Senate panel says

Private equity is putting profits over patients, a Senate Budget Committee report said as the panel looked into two private equity firms’ efforts to squeeze more money out of hospitals in underserved areas.

December 23, 2024
Photo illustration showing a game board with many pieces and a playing piece with the image of the U.S. Capitol dome and a question mark. Cyber-security-regulation-under-Trump-a-question-mark-for-now,

Expert: Cybersecurity regulation under Trump a question mark for now

With the top U.S. cybersecurity official making her exit, the incoming administration’s next move anyone’s guess.

December 18, 2024
Illustration of a cookie made to look like a dollar bill. Economy-in-a-sweet-spot-but-some-concerns-ahead.

Economy ‘in a sweet spot’ but some concerns ahead

The U.S. economy “is in a sweet spot,” an economist said during a recent webinar.

December 17, 2024
Photo illustration showing Social Security cards and money behind a large "62" that has been crossed out. Proposal-to-raise-Social-Security-age-under-fire

Proposal to raise Social Security age under fire

Raising the retirement age is just another way of saying, “Cut Social Security,” said the executive director of a Social Security advocacy organization in the wake of a congressman’s recent suggestion that full retirement age should be pushed back.

December 16, 2024
Image shows the U.S. Capitol and the words "401k"
Analysts say the Trump administration will be mostly good news for financial services.

Yes, the fiduciary rule is probably history, Capital Group analysts say

Despite nominating a moderate to head the Department of Labor, President-elect Donald Trump isn’t likely to be passionate about keeping the latest fiduciary rule around, analysts say.

December 15, 2024

2025: Taxing decisions due

Most of the 2017 Tax Cuts and Jobs Act is set to expire at the end of 2025. In particular, the estate tax exemption will return to pre-2017 levels. Will Congress act first?

December 13, 2024
Image of Donald Trump against a backdrop of the U.S. Capitol dome, with health icons superimposed. Health-care-and-Trump-2-Disruption-ahead.

Health care and Trump 2.0: Disruption ahead

There is no precedent to what the U.S. could see in health care under a second Trump presidency, a health care policy analyst said.

December 12, 2024
Illustration of a drawing of the U.S. Capitol Building surrounded by prescription pills. How-will-public-policy-impact-health-benefits.

How will public policy impact health benefits?

Public policy has a great deal of influence on health benefits, and a panel of experts looked into what the future could bring.

December 4, 2024
Illustration of the U.S. Capitol Building with the large word "TAX" across the dome. New-Congress-will-focus-on-tax-reform.

NAIFA looks at how new Congress may focus on tax reform

The Nov. 5 election is now history, and the nation and the financial services industry is looking ahead to see what a new administration and a new Congress will do after taking office in January.

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