The latest from Washington, D.C., impacting the insurance and financial services industries.
Congress will fix Social Security — eventually, a panel agreed Wednesday at an American Academy of Actuaries event. Raising the taxable minimum might be the answer.
Vice President Kamala Harris announced a proposal to help the sandwich generation by expanding Medicare coverage to help cover the costs of home health care for older Americans.
The growing anti-ESG investing movement claimed a powerful ally last week when a bill to ban ESG consideration was introduced.
As the November election looms, Americans are bracing for potential financial challenges and taking proactive steps to safeguard their financial well-being, according to Americans’ Financial Outlook and the 2024 Election, the latest CFP Board research report.
Kamala Harris is framing health care as a pocketbook issue during her presidential campaign.
The insurance industry donated more than $60 million during the current 2023-24 election cycle, according to Open Secrets, a nonprofit organization tracking campaign finance and lobbying.
The ERISA Industry Committee released a new issue brief, “PBM Reform: Deem PBMs a “Fiduciary” Under ERISA,” calling for pharmacy benefit managers to be deemed a “fiduciary” under the Employee Retirement Income Security Act.
The chairman of the Senate Finance Committee doubled down on his commitment to have a pharmacy benefit manager reform bill passed during Congress’ lame duck session later this year.
The Senate Finance Committee hearing Thursday drilled down on the coming battle over whether to renew the tax cuts passed in 2017.
Matthew Tassey has been an advocate for the insurance industry throughout his extensive career.
Voters may be passionate about their favorite candidates, but the winner of the election doesn’t matter to the market.
Abortion, Medicaid, Medicare, the Inflation Reduction Act and LGBTQ+ protections could be impacted.
The Biden administration announced today it has reached agreements for new, lower prices for 10 of Medicare’s most popular and costliest prescribed drugs.
Members of Health Agents for America returned from their 2024 Agent Summit in Washington, where they discussed issues ranging from the practice of “twisting” to the impact of the Inflation Reduction Act on Medicare Part D with their elected representatives in Congress.
Short-term limited duration insurance is the subject of new restrictions by the federal government.
U.S. deficits loom, and while that is a long-term consideration, we do not expect it to discourage insurers from adding to their fixed income exposure in the near-term.
The U.S. District Court for the Northern District of Texas issued a stay earlier this month preventing the Centers for Medicare and Medicaid Services from implementing a new rule changing compensation rules for professionals providing products and services related to Medicare Advantage and Medicare Part D programs.
The Court of Appeals for the Fifth Circuit tossed out the Biden administration’s ESG rule in a decision posted this morning.
With Congress focusing on trying to pass 2024-2025 government spending bills, some bipartisan health care reforms will likely be punted to late this year.
The U.S. 5th Circuit Court of Appeals ruled that a Christian-owned business can’t be compelled to cover preventive medications as is required under the Affordable Care Act.
