![](https://insurancenewsnet.com/wp-content/uploads/2022/02/inn-icon-148x148.png)
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. The post ERISA In...
This will result in an increase in the health spending share of GDP from 17.3% in 2022 to 19.7% in 2032. The post CMS predicts 5.6% annual growth in health spending over next decade appeared f...
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 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...
https://insurancenewsnet.com/oarticle/cbo-shows-us-paddling-to-fiscal-falls
The ERISA Industry Committee today asked the U.S. Department of the Treasury and the Internal Revenue Service for additional clarity regarding the regulations governing health care and retirement...
—A price gauge closely tracked by the Federal Reserve cooled slightly last month, a sign that inflation may be easing after running high in the first three months of this year. Inflation fell s...
Covid has affected everyone, whether or not you were vaccinated. Not that Robert Kennedy, Jr. is right about shots. Polls suggest that people ignore the economic recovery and blame Joe Biden for ...
—Hopes for interest rate cuts this year by the Federal Reserve are steadily fading, with a stream of recent remarks by Fed officials underscoring their intention to keep borrowing costs high as...
A stronger economy is good news for the Social Security program but Congress must act to keep it solvent. The post Actuaries delve into Social Security trust fund deficit appeared first on Ins...
https://insurancenewsnet.com/innarticle/actuaries-delve-into-social-security-trust-fund-deficit
Prescription drug pricing, pharmacy benefit manager reform and the No Surprises Act are among the health care-related issues making news in Washington. The post Prescription drug issues dominat...
https://insurancenewsnet.com/innarticle/prescription-drug-issues-dominate-health-care-policy-in-2024
The National Association of Insurance and Financial Advisors wraps up its 2024 Congressional Conference Tuesday with a visit to Capitol Hill to discuss issues facing the industry and the people i...
https://insurancenewsnet.com/innarticle/naifa-members-discuss-financial-security-at-the-capitol
Think twice before removing pension risk transfers from company toolboxes. The post Commentary: Let experts manage retirement risk appeared first on Insurance News | InsuranceNewsNet .
https://insurancenewsnet.com/innarticle/commentary-let-experts-manage-retirement-risk
The event will feature targeted advocacy training with briefings on legislative issues that affect members’ businesses, clients, and communities. The post Financial professionals to advocate ...
Neither of the two presumptive major party presidential nominees wants to seriously discuss Social Security. The longer Congress does nothing, the worse the problem gets for retirees and those ne...
https://insurancenewsnet.com/oarticle/report-again-highlights-need-for-entitlement-reform
This legislation aims to repeal the Medicare requirement that necessitates a three-day inpatient hospital stay before a Medicare beneficiary qualifies for covered skilled nursing care. The post...
Congress has spent more money on interest so far this year than it has spent on both national defense and Medicare. During the same time period, the U.S. spent $873 billion on Social Security, th...
https://insurancenewsnet.com/oarticle/us-spending-on-interest-tops-national-defense-medicare
The U.S. economy still hasn't slowed to the Federal Reserve's satisfaction, so don't expect the Fed to cut interest rates at its June meeting, said Ryan Loy, extension economist for the Universit...
https://insurancenewsnet.com/oarticle/interest-rate-cuts-unlikely-in-june
This combination of factors has sparked anticipation that the Federal Reserve might reduce interest rates in the near future. The Labor Department's latest report revealed that nonfarm payrolls g...
https://insurancenewsnet.com/oarticle/job-numbers-up-slightly-last-month
The Federal Reserve held its benchmark lending rate unchanged Wednesday, noting a "lack of further progress" in its inflation fight, and suggested that it would hold off on rate cuts until at lea...
https://insurancenewsnet.com/oarticle/fed-holds-rates-steady-hints-rate-cuts-on-hold-until-year-end
-The Biden administration announced Wednesday it would be forgiving $6 billion in student debt for borrowers who attended the Art Institutes. Among the infractions against the Art Institutes incl...
Federal Reserve Chair Jerome Powell is scheduled to speak Wednesday at the end of the Fed's first meeting since recent inflation readings dampened hopes that the central bank will lower interest ...
https://insurancenewsnet.com/oarticle/fed-likely-to-hint-interest-rates-will-remain-high
Former Treasury Secretary Lawrence Summers criticized the Federal Reserve recently for having "itchy fingers to start cutting rates." Supply chains have not normalized after years of disruption c...
https://insurancenewsnet.com/oarticle/fed-rate-cuts-for-2024-may-be-too-ambitious
WASHINGTON- Consumer inflation remained persistently high last month, boosted by gas, rents, auto insurance and other items, the government said Wednesday in a report that will likely give pause ...
Austan Goolsbee, left, testifies on Capitol Hill on the state of the U.S. economy. At the time, he was chairman for the Council of Economic Advisers under President Barack Obama, and he has since...
More people are coming to believe in the strength of the U.S. economy. "The U.S. economy is really firing on all cylinders, creating more jobs than anticipated," said George Lagarias, chief econo...
https://insurancenewsnet.com/oarticle/jamie-dimon-goldman-sachs-weigh-in-on-economy-interest-rates
WASHINGTON- Ever since the Federal Reserve signaled last fall that it was likely done raising interest rates, Wall Street traders, economists, car buyers, would-be homeowners- pretty much everyon...
Nonfarm payrolls surged by 303,000, topping the Dow Jones projection of 200,000 and exceeding February's revised increase of 270,000, as reported by the Labor Department's Bureau of Labor Statist...
https://insurancenewsnet.com/oarticle/u-s-jobs-report-better-than-expected
Virginia Foxx, R- N.C., "just kneecapped 33 million seniors," a group at least one analyst says may not realize it until after already casting a vote on whether President Joe Biden stays in the W...
Federal Reserve policymakers appear poised to cut interest rates three times this year— and sadly, this could boost inflation and slow longer-term economic growth. Those estimates are based on ...
https://insurancenewsnet.com/oarticle/fed-chairman-powell-is-too-eager-to-cut-interest-rates
The Biden administration is cracking down on short-term health insurance plans that aren’t required to meet the Affordable Care Act’s consumer protection mandates. The post Biden administra...
President Joe Biden on Thursday announced new steps to protect consumers who buy short-term health insurance plans that critics say amount to junk. The White House said the rule is part of Biden'...
RALEIGH, N.C.- President Joe Biden and Vice President Kamala Harris on Tuesday promoted their health care agenda in the battleground state of North Carolina, arguing that Democrats like themselve...
https://insurancenewsnet.com/oarticle/biden-harris-tout-health-care-agenda
On March 18, President Joe Biden signed "Advancing Women's Health Research and Innovation," an executive order administration officials declared marks a significant milestone in prioritizing wome...
https://insurancenewsnet.com/oarticle/biden-order-benefits-womens-health-research
However, some bipartisan health care reforms could come before Congress at the end of 2024. The post Congress unlikely to take up health care, retirement issues this year appeared first on Ins...
House Republicans released a new budget proposal that would raise the Social Security retirement age, restructure Medicare, ban abortion and threaten fertility treatments. On Social Security, the...
Prescription drugs must be made more affordable but there are unintended implications of enforcing government price setting. The post Commentary: Another view of Biden’s prescription drug cos...
A committee of Federal Reserve officials voted Wednesday to keep interest rates at a 22- year high after unexpectedly high job gains and inflation delayed plans for possible rate cuts. The Federa...
The CBO further projected that the Social Security Old-Age and Survivors Insurance trust fund will be exhausted in 2033, the Medicare Hospital Insurance trust fund in 2035, and the Highway Trust ...
https://insurancenewsnet.com/oarticle/cbo-reports-grim-long-term-outlook-for-federal-government
WASHINGTON-- Federal Reserve officials signaled Wednesday that they still expect to cut their key interest rate three times in 2024, fueling a rally on Wall Street, despite signs that inflation r...
https://insurancenewsnet.com/oarticle/fed-foresees-3-interest-rate-cuts-this-year-despite-inflation
—Two weeks ago, Chair Jerome Powell suggested that the Federal Reserve was“ not far” from gaining the confidence it needed that inflation was headed sustainably toward its 2% target level, ...
A survey of CFP professionals found that American investors are overwhelmingly optimistic, with 6 in 7 CFP professionals reporting that their clients have a positive outlook for 2024 despite ongo...
https://insurancenewsnet.com/oarticle/investors-are-optimistic-despite-looming-election-anxiety
President Biden, whose spending policies have been blamed for skyrocketing mortgage rates, is seeking ways to cut costs for homebuyers by trimming fees associated with loans and eliminating title...
The US Federal Reserve is widely expected to keep its key lending rate unchanged again on Wednesday, as policymakers continue discussions over when to start rate cuts and launch the next phase in...
President Joe Biden said Thursday he is against the proposed sale of US Steel to Japan's Nippon Steel, as election year considerations appeared to outweigh the risk of angering key ally Japan. Bi...
https://insurancenewsnet.com/oarticle/biden-opposes-nippon-steel-takeover-of-us-steel
More than two years after No Surprises was enacted, 10 million consumer health claims were protected from unexpected bills. But the independent dispute resolution process is being used more than ...
https://insurancenewsnet.com/innarticle/no-surprises-act-results-in-more-disputes-than-expected
President Biden's reelection campaign launched an effort in battleground states this week to hit former President Trump over his threats to Social Security and Medicare, the campaign first told T...
Recently released government data hammered home what we have known for at least a year: A national housing shortage, not broad-based price increases, is driving inflation. Inflation over the past...
https://insurancenewsnet.com/oarticle/housing-not-inflation-is-real-problem-for-the-u-s-economy
WASHINGTON— Consumer prices in the United States picked up last month, a sign that inflation remains a persistent challenge for the Federal Reserve and for President Joe Biden’ s re-election ...
—Consumer prices likely rose last month at a pace that would exceed the Federal Reserve's inflation target, underscoring why the Fed is being cautious as it considers when to cut interest rates...
—President Joe Biden is issuing a budget plan Monday aimed at getting voters' attention: tax breaks for families, lower health care costs, smaller deficits and higher taxes on the wealthy and c...