Aug 2, 2017, 12:51 pm EDT
Obamacare premiums in California are going to increase by 12.5% for 2018 health insurance plans.
The increase in Obamacare premiums in California are due to a few factors. 7% of the increase comes from increases in providing care, 3% is a one-time tax adjustment and another 3% is due to uncertainty for the future of the Affordable Care Act. Some experts are surprised that premiums aren’t going up more next year.
Obamacare premiums going up are no surprise. The price for health insurance in California went up by 13% in 2017 and 5% over the two years prior. The increasing price of premiums comes as President Donald Trump and Republican Senators work to dismantle the Affordable Care Act. Anthem Inc (NYSE:ANTM) is also exiting most of the markets in the state next year. Read
Aug 2, 2017, 12:13 pm EDT
The U.S. Department of Education is planning to have a new program for student loans that will be ready by 2019
The U.S. Department of Education announced that it will be working to implement this new system for student loans before contracts with current Federal Student Aid (FSA) servicers expire in 2019. U.S. Secretary of Education Betsy DeVos is leading this effort.
In order to complete the goal of revamping student loans, DeVos has hired Dr. A. Wayne Johnson as the new Chief Operating Officer of FSA. Johnson has experience in the private sector and will be working to modernize the FSA. Read
Jul 31, 2017, 6:06 pm EDT
Anthony Scaramucci no longer is the White House communications director.
Following a verbal indictment on President Trump and his senior staff, Scaramucci has been removed from his role by the POTUS. The announcement was made by White House press secretary Sarah Huckabee Sanders in a statement.
“Mr. Scaramucci felt it was best to give Chief of Staff John Kelly a clean slate and the ability to build his own team,” she said. “We wish him all the best.” Read
Jul 26, 2017, 6:12 pm EDT
Anthem Inc (NYSE:ANTM) may be leaving more Obamacare markets in 2018.
The health care insurance provider — one of the biggest ones in the country — said it is considering closing out more Affordable Care Act exchanges is Congress is unable to pass a health care reform. Anthem has already halted operations in various states this year, including Nevada, Ohio, Wisconsin and Indiana.
It’s a difficult time for the industry as Senate is still determining how to approach health care reform moving forward. The current administration’s health care plan has met plenty of opposition from Democrats and Republicans alike. Read
Jul 26, 2017, 1:52 pm EDT
President Donald Trump has reinstated the U.S. military transgender ban.
The announcement was made by President Trump via his personal Twitter Inc (NYSE:TWTR) account on Wednesday morning. It was split into multiple Tweets. The following is those Tweets brought together and edited for clarity.
“After consultation with my Generals and military experts, please be advised that the United States Government will not accept or allow transgender individuals to serve in any capacity in the U.S. Military. Our military must be focused on decisive and overwhelming victory and cannot be burdened with the tremendous medical costs and disruption that transgender in the military would entail. Thank you.” Read