Sunday, December 22

Tag: Insurance

Biden’s Drug-Price Boomerang – WSJ
18Dec By adminNo Comments
Health

Biden’s Drug-Price Boomerang – WSJ

President Biden keeps trying to persuade Americans his policies are helping them, but voters aren’t buying it. The latest example is the Inflation Reduction Act’s (IRA) Medicare drug rebates, which are raising the cost of medicines. The White House on Thursday proclaimed that the IRA’s drug rebates are already saving seniors money: “President Biden’s prescription drug law cracks down on price gouging from Big Pharma.”Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How to Make the Most of Your FSA Money Before It Disappears
17Dec By adminNo Comments
World

How to Make the Most of Your FSA Money Before It Disappears

The flexible-spending account, or FSA, is one of two common ways of paying for healthcare expenses tax-free. With an FSA, employees can deduct a certain amount of money from their paychecks each year—the maximum was $3,050 in 2023—to cover expenses not paid by their insurance such as doctor and prescription copays. The FSA is often confused with the second type of account with a similar acronym called a health-savings account, or HSA, which is available only to people with high-deductible health insurance plans. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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How to Make the Most of Your FSA Money Before It Disappears
17Dec By adminNo Comments
Money

How to Make the Most of Your FSA Money Before It Disappears

The flexible-spending account, or FSA, is one of two common ways of paying for healthcare expenses tax-free. With an FSA, employees can deduct a certain amount of money from their paychecks each year—the maximum was $3,050 in 2023—to cover expenses not paid by their insurance such as doctor and prescription copays. The FSA is often confused with the second type of account with a similar acronym called a health-savings account, or HSA, which is available only to people with high-deductible health insurance plans. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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The Private Market Can Add Discipline to Deposit Insurance
14Dec By adminNo Comments
Health

The Private Market Can Add Discipline to Deposit Insurance

Following the collapse of Silicon Valley Bank, Signature Bank and First Republic Bank this spring, U.S. lawmakers have faced a policy head-scratcher. When bank runs happen on the internet, not at the teller’s window, how can the government ensure that smaller and regional banks can meet increased demands for liquidity during moments of panic? Excessive capital requirements would harm smaller banks more than larger ones, while reducing the demand for liquidity by increasing the amount of deposit insurance would create serious moral hazard.Solving such a complex problem requires a fresh look at deposit insurance. The Federal Deposit Insurance Corp., to its credit, hinted at the answer in a May report on the history and nature of deposit insurance. It asked whether private insurance has a ro...
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Is Travel Insurance Worth It?
13Dec By adminNo Comments
Travel

Is Travel Insurance Worth It?

While the cost of travel can vary based on your choice of hotels and resorts, your mode of transportation, and other factors, adding a travel insurance plan makes your trip cost an average of 4% to 12% more. This may leave you wondering if travel insurance is truly worth the cost, or if you should take on the risk of going without it.The first detail to note about travel insurance is the fact that plans vary dramatically by provider, and that you may not actually need this coverage for every trip you take. The key to knowing whether you need travel insurance is figuring out your specific risks for any given vacation, then deciding if you can buy coverage that adequately protects you from common financial losses and pitfalls that might occur.What does travel insurance cover?Travel insuranc...
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Financial Services Roundup: Market Talk
13Dec By adminNo Comments
World

Financial Services Roundup: Market Talk

The latest Market Talks covering Financial Services. Exclusively on Dow Jones Newswires at 4:20 ET, 12:20 ET and 16:50 ET.0348 GMT – Australia’s comparatively drier weather should help protect insurer profitability due to lower catastrophe costs, say Morgan Stanley analysts in a note. With rainfall in Australian capital cities at 10-year lows in the year to date, IAG and Suncorp are being set up to over-earn in FY 2024, MS says. History shows that a 2%-3% change in domestic motor vehicle insurance loss ratios is possible from an increase or reduction in rainfall, although this will also depend on how well insurers manage pricing versus claims inflation, says MS. At the same time, a new government reinsurance pool should protect insurers from Cyclone Jasper, and help them come in below the...
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NDP Keeps Justin Trudeau Afloat
11Dec By adminNo Comments
World

NDP Keeps Justin Trudeau Afloat

TorontoPrime Minister Justin Trudeau sometimes seems to defy political gravity. He’s held office for more than eight years, through scandal and error. He survived revelations that he wore blackface three times as a young man, along with two ethics violations handed down from Canada’s ethics commissioner for conflict of interest. He has had public spats with female parliamentarians and ministers—as well as icy relations with China and India and with Presidents Trump and Biden. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
10Dec By adminNo Comments
Money

Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Updated Dec. 10, 2023 12:38 pm ETCigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry.The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback
10Dec By adminNo Comments
World

Cigna Calls Off Humana Pursuit, Plans Big Stock Buyback

Updated Dec. 10, 2023 12:38 pm ETCigna abandoned its pursuit of a tie-up with Humana that would have created a roughly $140 billion giant in the health-insurance industry.The companies couldn’t come to agreement on price and other financial terms, according to people familiar with the matter. In the near term, Cigna is turning its focus toward smaller, so-called bolt-on, acquisitions.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
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