WASHINGTON Ç " Federal Reserve officials will likely reduce their benchmark interest rate later this year, Chair Jerome Powell said Wednesday, despite recent reports showing that the U.S. economy is still strong and that U.S. inflation picked up in January and February. Ç£ The recent data do not Ǫ materially change the overall picture, Ç¥ Powell said in a…
INN Insider News
The decision by the administration of President Joe Biden to hold firm on proposed Medicare Advantage rates for 2025 shows a break with recent practice, taking Wall Street by surprise. UnitedHealth Group Inc., the largest US health insurer, dropped as much as 7.2%, while CVS Health Corp. declined as much as 7.1%. Centene Corp. fell as much as 5.5%, while Elevance…
Like other private insurers, Blue Cross Blue Shield administers Medicare Advantage plans on behalf of the federal government and was covering the drug for those beneficiaries. “Our internal team is currently working with local specialists who offer this treatment to adapt Medicare coverage criteria for commercial patients, " Amy McHugh, a spokesperson for…
Lab staff prepare small petri dishes, each holding several 1- to 7-day-old embryos, so cells can be tested for viability at the Aspire Houston Fertility Institute in vitro fertilization lab in Houston. Only a handful of states require insurers to cover fertility treatments for same-sex couples, but more are considering it. (Michael Wyke | The Associated Press)Elizabeth Bauer was…
Insurance is a vital tool in the financial planning of any individual, providing security and peace of mind for them and their loved ones. Among the various types of insurance available, endowment insurance stands out for offering comprehensive long-term protection, combining savings benefits and risk coverage. But what exactly are endowment insurances?
The deadly collapse of Baltimore's Francis Scott Key Bridge could rival or beat the maritime industry's largest-ever financial loss, with insurance claims expected to reach $1 billion or more. "It's going to be a big claim, and the big number there is the potential cost to rebuild the bridge," said John A. Miklus, president of the American Institute of Marine…
With the news, insurance stocks faced strong pressure on the New York Stock Exchange on Tuesday, 2.. The Centers for Medicare and Medicaid Services announced that private Medicare Advantage rates will increase by an average of 3.7% in 2025. In New York, Humana's shares plunged 12.82%, while UnitedHeatlh's lost 6.43% around 4:30 p.m. EST.
One of my favorite memories from family medicine residency in New York was prescribing abortion pills to a patient’ s family member. At the end of the visit, they looked up from their seat.“ Dr. Since finishing residency and moving to Pennsylvania, my abortion care looks different.
Inflation in the United States has cooled considerably since its four-decade peak of 9.1% in June 2022. And while today’ s 3.2% is still higher than the Federal Reserve's goal of 2%, it’ s a good time for investors to take stock and possibly make adjustments should cooling continue and interest rates drop. “Policy changes necessitate inflection points,” said…
But in the era of Federal Reserve rate increases and brick-and-mortar banks offering yields that are much lower than yields at many online banks, this comfort may be costing you money. Typically, banks with high-yielding accounts will increase APYs when the Federal Reserve raises rates, and lower APYs when the Fed decreases rates. Let's say you have saved…
Idaho’ s employers are being encouraged to use a digital process to respond to unemployment claims. On April 3, the Idaho Department of Labor reminded employers that its SIDES platform is the best way to respond to such claims in order to prevent and detect fraudulent claims. “When a business enrolls in SIDES E-Response, all separation requests are sent…
A 38-year-old Bridgewater man obtained more than $1.2 million while portraying himself as a "successful investor in publicly traded securities."
West Des Moines' Farmers Mutual Hail buys California counterpart, saying Global Ag Insurance will boost core crop business, expand specialty offerings
When it comes to retirement planning, much of the focus usually rests on the actions you have to take to prepare a nest egg for your golden years. But what if your retirement savings run out before you do? This is where the concept of longevity risk comes into play. Longevity risk is a growing concern as life expectancies in certain countries and regions continue to rise. Let’s…
"I had more than $42,000 worth of credit card debt, and I had other debt, too. But the credit card rates had the highest interest rates, "said Julie, who lives in Flatwoods, Kentucky, and asked not to be identified. The latest figures from the New York Federal Reserve show Americans held a staggering $1.13 trillion in credit card balances in the fourth quarter of 2023, and…
NEW YORK- Donald Trump posted a $175 million bond on Monday in his New York civil fraud case, halting collection of the more than $454 million he owes and preventing the state from seizing his assets to satisfy the debt while he appeals, according to a court filing. A New York appellate court had given the former president 10 days to put up the money after a panel of…
The Virginia- based company was sued in 2021 for actions such as forcing customers to sign contracts in English and threatening them with deportation if they did not pay a monthly fee. As reported by the Washington Post, Judge Elizabeth K. Dillon ruled that Libre by Nexus must pay more than $811 million in restitution and penalties, the result of a lawsuit brought…
As former president Donald Trump struggled last month to post a bond for more than $450 million to keep authorities from seizing his properties, California billionaire Don Hankey and his wife, Debbi, started discussing a solution: Hankey's business could cover it. Hankey, a Trump supporter who made a fortune providing high-interest auto loans to customers…
Katheryn Houghton| KFF Health News. Guardian Group Montana, which owns three small facilities in rural Montana, relies on the government health insurance to cover its care of low-income residents. Montana officials finished their initial checks of who qualifies for Medicaid in January, less than a year after the federal government lifted a freeze on…