Latest Insurance industry regulation News

FILE - This screen grab from the website HealthCare.gov shows the extended deadline for signing up for health care coverage for 2020.   (Centers for Medicare and Medicaid Services via AP, File)

Insurance marketplaces offer help with coronavirus job cuts

Apr. 3, 2020 6:49 PM EDT

More than a million people could swamp the Affordable Care Act’s health insurance marketplaces in the coming months as employers lay off staff during the coronavirus pandemic. The health insurance markets are a backbone of the Obama-era law that President Donald Trump has tried to demolish. They are now...

In this March 27, 2020, photo, House Speaker Nancy Pelosi of Calif., walks to her office after signing the Coronavirus Aid, Relief, and Economic Security (CARES) Act on Capitol Hill in Washington. President Donald Trump wants to spend $2 trillion on infrastructure projects to create jobs and help the collapsing economy rebuild from the coronavirus' stunning blows. Pelosi says that seems about right. Sounds like the prelude to a bipartisan deal. Except that when it comes to trying to upgrade the country's road, rail, water and broadband systems, Washington frequently veers off the tracks — usually over the bill's contents and how to pay for it. (AP Photo/Andrew Harnik)

Record jobless claims but Dems, GOP divide over rescue bill

Apr. 2, 2020 6:42 PM EDT

WASHINGTON (AP) — Fresh data on Thursday that detailed a record avalanche of unemployment claims offered no signs of easing the rift between Democrats and Republicans over the need for new legislation financing infrastructure and other job-creation programs. With the coronavirus barreling across the...

Senate Majority Leader Mitch McConnell of Ky. gives a thumbs up as he leaves the Senate chamber on Capitol Hill in Washington, Wednesday, March 25, 2020, where a deal has been reached on a coronavirus bill. The 2 trillion dollar stimulus bill is expected to be voted on in the Senate Wednesday. (AP Photo/Andrew Harnik)

Airlines, others to benefit from $2 trillion rescue bill

Mar. 25, 2020 6:30 PM EDT

The White House and Senate leaders agreed early Wednesday on a $2 trillion economic rescue package, the largest in the country's history. The bill comes in response to the viral pandemic that has shut down businesses and crippled economies around the globe. The bill would give direct payments to most American...

A Salvation Army relief worker tends to a line at a local soup kitchen during the Great Depression. Nearly a century later, the U.S. economy is all but shut down, and layoffs are soaring at small businesses and major industries. A devastating global recession looks inevitable. Deepening the threat, a global oil price war has erupted. Some economists foresee an economic downturn to rival the Depression. (AP Photo)

Buddy, can you spare a dime? Echoes of '30s in viral crisis?

Mar. 24, 2020 11:34 AM EDT

WASHINGTON (AP) — The imagery floats in sepia-colored photographs, faintly recalled images of bedraggled people lined up for bread or soup. Shacks in Appalachian hollows. Ruined investors taking their lives in the face of stock market crashes. Desperation etched on the faces of a generation that would soon...

From left, Labor Secretary Eugene Scalia, Senate Majority Leader Mitch McConnell of Ky., Treasury Secretary Steven Mnuchin, Senate Minority Leader Sen. Chuck Schumer of N.Y., and White House chief economic adviser Larry Kudlow attend a a meeting to discuss the coronavirus relief bill on Capitol Hill, Friday, March 20, 2020, in Washington. (AP Photo/Andrew Harnik)

Congress toils on $1 trillion rescue, Trump unleashes fury

Mar. 20, 2020 11:17 PM EDT

WASHINGTON (AP) — As leaders from Congress and the White House toiled in high-stakes negotiations on a mammoth $1 trillion-plus economic rescue package Friday, President Donald Trump unleashed fury on those questioning his handling of the coronavirus outbreak. It was an extraordinary moment in Washington:...

Senate Majority Leader Mitch McConnell of Ky., walk to attend a Republican policy lunch on Capitol Hill in Washington, Thursday, March 19, 2020. (AP Photo/Susan Walsh)

McConnell unveils economic rescue plan amid virus shutdown

Mar. 19, 2020 9:26 PM EDT

WASHINGTON (AP) — Senate Majority Leader Mitch McConnell unveiled a sweeping economic rescue plan Thursday to pump $1,200 direct checks to taxpayers, $300 billion for small businesses to keep idled workers on payroll and $208 billion in loans to airlines and other industries. It's the initial Republican...

Unionized hospitality workers wait in line in a basement garage to apply for unemployment benefits at the Hospitality Training Academy Friday, March 13, 2020, in Los Angeles. Fearing a widespread health crisis, Californians moved broadly Friday to get in front of the spread of the coronavirus, shuttering schools that educate hundreds of thousands of students, urging the faithful to watch religious services online and postponing or scratching just about any event that could attract a big crowd. (AP Photo/Marcio Jose Sanchez)

Coronavirus layoffs spark surge in state jobless claims

Mar. 19, 2020 12:11 PM EDT

JEFFERSON CITY, Mo. (AP) — In Ohio, more than 48,000 people applied for jobless benefits during the first two days of this week. The tally during the same period the prior week: just 1,825. In neighboring Pennsylvania, about 70,000 people sought unemployment aid in a single day — six times the total...

Editorial Roundup: US

Mar. 18, 2020 5:15 PM EDT

Excerpts from recent editorials in the United States and abroad: ___ March 18 The New York Times on providing cash assistance to Americans because of rising economic turmoil due to the spread of the new coronavirus: The United States has never experienced anything quite like the economic disjuncture caused by the...

Mike Mastrian, Director of the Senate Radio and Television Gallery, cleans down the podium before a news conference with Senate Majority Leader Mitch McConnell of Ky., on Capitol Hill in Washington, Tuesday, March 17, 2020. (AP Photo/Susan Walsh)

Trump pushes for massive aid from Congress, checks to public

Mar. 17, 2020 11:27 PM EDT

WASHINGTON (AP) — In a massive federal effort Tuesday, President Donald Trump asked Congress to speed emergency checks to Americans, enlisted the military for MASH-like hospitals and implored ordinary people — particularly socially active millennials — to do their part by staying home to stop...

Treasury Secretary Steve Mnuchin, second from left, speaks with members of the media as he departs a meeting with Senate Republicans on an economic lifeline for Americans affected by the coronavirus outbreak. on Capitol Hill in Washington, Monday, March 16, 2020. Standing with Mnuchin is White House chief economic adviser Larry Kudlow, right. (AP Photo/Patrick Semansky)

As Congress eyes economic package, Democrats seek $750B

Mar. 16, 2020 10:01 PM EDT

WASHINGTON (AP) — With an urgency unseen since the Great Recession, Congress is rushing to develop a sweeping economic lifeline for American households and businesses suddenly capsized by the coronavirus outbreak. Democrats said at least $750 billion would be needed. And top White House officials briefing...