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

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September 19, 2024
Image of prescription pills scattered across the sky around the U.S. Capitol building. Senate-chair-wants-to-see-PBM-reform-passed-this-year.

Senate chair wants to see PBM reform bill passed this year

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.

September 13, 2024
Image shows the words, "Tax Policy."
Senators waded into the coming tax debate today with a Finance Committee hearing.

Senators debate Trump tax cuts: growth fuel or just a payoff to the rich?

The Senate Finance Committee hearing Thursday drilled down on the coming battle over whether to renew the tax cuts passed in 2017.

September 13, 2024

A passion for advocacy: Matthew Tassey

Matthew Tassey has been an advocate for the insurance industry throughout his extensive career.

September 11, 2024
Silhouettes of Kamala Harris and Donald Trump against a backdrop of graphics with data and analytics. The-Markets-Dont-Care-About-the-Election.

The markets don’t care about the election

Voters may be passionate about their favorite candidates, but the winner of the election doesn’t matter to the market.

August 29, 2024
Photo illustration of the Project 2025 book against a background of the Congress. Project-2025-and-the-election---What-would-they-mean-for-health-care.

Project 2025 and the elections: What would they mean for health care?

Abortion, Medicaid, Medicare, the Inflation Reduction Act and LGBTQ+ protections could be impacted.

August 15, 2024

Medicare costs lowered for 10 drugs in latest round of price negotiations

The Biden administration announced today it has reached agreements for new, lower prices for 10 of Medicare’s most popular and costliest prescribed drugs.

August 14, 2024

Health agents return from Washington summit

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.

August 13, 2024
SLTDI

STLDI plans in for some big changes

Short-term limited duration insurance is the subject of new restrictions by the federal government.

August 6, 2024

US deficits are unlikely to detract from fixed income’s appeal

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.

Federal court blocks Medicare Advantage compensation rule

July 25, 2024

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. 

July 19, 2024
Image of outdoor green scene with green color globe and the letters "ESG." Fifth Circuit overturns DOL's ESG rule, cites recent SCOTUS ruling.

Fifth Circuit overturns DOL’s ESG rule, cites recent SCOTUS ruling

The Court of Appeals for the Fifth Circuit tossed out the Biden administration’s ESG rule in a decision posted this morning.

July 10, 2024

Health care reforms likely to be punted to late this year

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.

June 24, 2024
ACA

ACA preventive care mandate to stay in place after appeals court ruling

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.

June 24, 2024
Tax code and financial documents in the office.

Tax reform: What Congress does depends on November election results

Provisions of the Tax Cuts and Jobs Act of 2017 that impact individual taxpayers will expire at the end of 2025 unless Congress acts.

June 21, 2024
Handwriting text Debt Relief. Conceptual photo partial or total remission of it especially those by countries Primary medical precautionary equipments for health care protection

Medical Debt Cancellation Act: Temporary relief but the root cause is still there

The Medical Debt Cancellation Act seeks to alleviate financial stress for Americans burdened by health care expenses.

June 19, 2024

Lessons from the Connelly case on buy-sell agreements

The Connelly decision may generate questions about buy-sell agreements from clients and their tax and legal teams.

ERISA Industry Committee applauds appeals court ruling in Bristol v. Cigna

June 13, 2024

The case involved a now bankrupt out-of-network mental healthcare treatment center (Sure Haven, Inc.) that violated the plan’s terms (fee-forgiving) but demanded plan payment.

CMS predicts 5.6% annual growth in health spending over next decade

June 13, 2024

This will result in an increase in the health spending share of GDP from 17.3% in 2022 to 19.7% in 2032.

June 7, 2024
Words "Buy/Sell Agreements" against a backdrop of a facade of a judicial building. Supreme-Court-decision-could-impact-buy-sell-agreements.

Supreme Court’s Connelly decision could impact buy-sell agreements

Connelly v. U.S. questioned whether the proceeds of a life insurance policy taken out by a closely held company on a shareholder constitutes an asset of the company when calculating the value of the shareholder’s shares for purposes of the federal estate tax.

CBO shows US paddling to fiscal falls

June 4, 2024

The Congressional Budget Office rudely interrupted the presidential campaign by releasing its 10- year budget outlook. Neither Joe Biden nor Donald Trump wants to talk about the woolly mammoth in the room, but somebody has to point out that growing entitlements and debt payments are squeezing national defense. As helpful historical context, the U.S. added…

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