This year’s open enrollment for Covered California comes at a pivotal time. If Congress does not extend the tax credits as part of the government shutdown deal, hundreds of thousands of Californians who have the state’s health insurance could see a 97% increase in monthly premiums. “We do estimate as many as 400,000 of our current enrollees could be ...
The Trump administration on Thursday announced agreements with two leading drugmakers to reduce the prices many Americans pay for several of their most popular drugs. “Today, I’m thrilled to announce that the two world’s largest pharmaceutical manufacturers, Eli Lilly and Novo Nordisk, have agreed to offer their most popular GLP-1 weight loss drug — I ...
The median health insurance premium for small businesses has risen by 23% since 2022, far outpacing inflation over the same period. Even after adjusting for inflation, health insurance costs still exceeded inflation by more than 13% in that period, leaving many small business owners struggling to keep up with cost increases. “Health insurance costs are ...
President Donald Trump spooked health insurance investors Saturday by proposing in a Truth Social post — in response to the current fight in Congress over federal health insurance premium subsidies — that the government should send health insurance subsidies straight to consumers, rather than to health insurers. Trump posted the following: “I am recommending to Senate ...
Health insurers felt the sting of elevated medical costs yet again in the third quarter, with the congressional debate over the Affordable Care Act (ACA) subsidies looming large for investors. UnitedHealth Group was the most profitable company in the third quarter, bringing in $2.3 billion in earnings. The Cigna Group was the next-highest earner with ...
Enough Senate Democrats are poised to accept a deal to reopen the government without a concrete agreement to extend Affordable Care Act subsidies — but with the promise of a showdown vote on the assistance next month. Why it matters: If a bill to temporarily fund the government passes this week, it would be a relief ...