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 latest from Washington, D.C., impacting the insurance and financial services industries.
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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.
Health agents prepare for potential class action suit against CMS
A Washington law firm is interviewing health advisors who were unfairly targeted by the Centers for Medicare and Medicaid Services in preparation for a potential class action lawsuit against the federal agency for its use of algorithms to punish agents who enrolled consumers in Affordable Care Act coverage.
Medicaid cuts, prescription drugs among health care issues in DC
Medicaid cuts and prescription drug costs are among the health-related issues to take flight in the first 100 days of the Trump administration.
SEC needs to show its hand on disclosures after Cutter verdict, analysts say
The Securities and Exchange Commission has some work to do following the recent guilty verdict against a Massachusetts advisor for insufficient disclosures.
Medicaid cuts move closer to reality
The House Budget Committee will meet Friday in the next step toward passage of a massive bill that would extend tax cuts, establish new tax breaks and potentially take health coverage from millions of Americans.
GDP growth slowing but no recession in sight
The Conference Board said this week that the 1.6% projected GDP growth rate is up slightly from the 1.2% growth rate the board predicted in April – when President Donald Trump first announced a broad set of tariffs on trading partners
More than six million people could lose Medicaid coverage next year if Congress enacts work requirements for adults under the age of 65, according to an analysis prepared by the Urban Institute with support from the Robert Wood Johnson Foundation.
‘Systematic fraud’ alleged in property/casualty claims practices
Two independent insurance claims adjusters and a U.S. Senator accused property/casualty insurance companies of directing adjusters to lower their claims estimates to reduce insurer payouts to homeowners – a practice described as “a pattern of systematic fraud.”
Health coverage for more than 13M could be in jeopardy if subsidies cut
Millions of Americans could lose their health insurance if Republican-led proposals are successful in scaling back subsidies that enable consumers to buy coverage under the Affordable Care Act.
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.
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.
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.
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.
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.
