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2+ min ago (738+ words) Most customers of state-owned Citizens Property Insurance Corp. could see significant rate decreases in 2026. The company is recommending an average 2.6% statewide rate decrease for personal lines accounts beginning on June 1, the start of hurricane season. Across the state, a projected 463,096 policyholders would save an average of $359 compared to 2025, according to a document presented to the company's Board of Governors on Wednesday. That document was based on policy totals from April, before Citizens projected it would be insuring far fewer properties by the end of 2025. Most South Florida homeowners would see far larger decreases while average rates are projected to increase in several Central Florida counties. Citizens spokesman Michael Peltier said the projected rate decreases remain correct despite the reduction in policies. Citing the April policy totals, the document projects that 228,961 personal lines policyholders in South Florida's tricounty region would see…...

1+ hour, 14+ min ago (42+ words) The Federal Reserve today lowered borrowing costs for the third time this year. In its final decision of 2025, the central bank cut interest rates by a qua... NTD Evening News Full Broadcast (Dec. 10) NTD Evening News Full Broadcast (Dec. 10)...

2+ hour, 44+ min ago (491+ words) The entrepreneur urges the Trump administration to eliminate costly FDA generic drug fees, part of a broader push to scale domestic production, address shortages, and challenge PBM-driven pricing models. Mark Cuban'has been encouraging the Trump administration to waive the hundreds of thousands of dollars in regulatory fees that often come with generic drug approvals, according to a Reuters report.1 The FDA's fees for a generic drug approval application come out to nearly $360,000. The reason for Cuban's push? With the billionaire being the co-founder of Cost Plus Drugs, an online pharmacy that strives to provide a cost-plus pricing model (charging the price of the drug plus a 15% markup), the company offers what many might call a transparent alternative to traditional PBMs. It also believes that it's more than capable of stepping into the generics arena. These drug pricing discussions stem from…...

2+ hour, 46+ min ago (270+ words) Conduent Services, a third-party "back-office support" service provider, has notified Blue Cross Blue Shield patients of a major data leak containing their highly sensitive information " including Social Security numbers. "We are writing to inform you about a recent incident experienced by Conduent that may have involved some of your personal information, which came into our possession due to the services we provide to Blue Cross Blue Shield of Texas," the company told patients in an Oct. 24 letter. While the company said it's "unaware" of any attempted or actual misuse of patient data, Conduent still provided customers with a list of cautionary measures they can take to protect themselves "should [they] feel it necessary." In January, Conduent faced a "cyber incident" that impacted some of its network " prompting an investigation. "Our investigation determined an unauthorized third party had access to our…...

3+ hour, 46+ min ago (440+ words) (The Center Square) - Nevadans are expected to see their health insurance rates jump 34% or more next year, depending on the plan. Some rates could more than double. That's according to'a new'report'by Value Penguin, a subsidiary of Lending Tree. The sharp rise comes after years of stagnant prices and puts Nevada among the states for the biggest hikes in insurance rates. Nevadans with the lowest income are set to lose the most, Value Penguin said. The death of COVID-era health insurance subsidies that kickstarted the longest federal government shutdown in U.S. history are to blame for the 2026 cost growth, according to Value Penguin. The report found the likely end of COVID-era Affordable Care Act extended subsidies was the greatest cause of prices hikes in Nevada and across the U.S. "That would be the primary driver, and it's kind of a double whammy here,…...

5+ hour, 28+ min ago (690+ words) The owners of two New Jersey nursing homes owe the government $124 million after diverting tens of millions of dollars in Medicaid funding to themselves and their associates while intentionally understaffing the facilities, according to a report that the Office of the State Comptroller released Wednesday. Conditions were grim at the nursing homes owned by Daryl Hagler and Kenneth Rozenberg, friends who have collaborated on business deals for more than two decades, according to the report. "People who were in their care, many of them in their final days of life, suffered unnecessarily because Hagler and Rozenberg decided to put money in their pockets instead of paying for staff to care for the residents," Comptroller Kevin Walsh said at a news conference on Wednesday. "All indications are that what we have identified in this and in earlier reports is just the…...

6+ hour, 36+ min ago (687+ words) (TNND) " Health insurance premiums have grown three times faster than wages over the past 25 years, according to new research from Rice University experts. They found employer-sponsored health insurance premiums ballooned by 342% from 1999 to 2024, while wages grew 119% and overall inflation was 64%. "The increase is absolutely astonishing," said Vivian Ho, a health economist at Rice who co-authored the report published this week in the journal JAMA Network Open. Ho said American workers are trying to make ends meet, and they don't realize how much health insurance premiums are cutting into their income. Folks feel the pain of higher prices when they go to the grocery store or pay their monthly household bills. The higher costs of health insurance for the 160 million Americans on an employer-sponsored plan are out of sight, out of mind. Ho said people blame insurance companies for the skyrocketing…...

6+ hour, 45+ min ago (33+ words) Chris Snowbeck, a reporter with the Minnesota Star Tribune, joined Cathy Wurzer on Morning Edition Wednesday to unravel UCare's fate, and what it might mean for customers after four decades of business....

7+ hour, 5+ min ago (151+ words) ST. LOUIS " Stalled negotiations between UnitedHealthcare and SSM Health are threatening in-network medical coverage for thousands of people in the insurer's commercial insurance and Medicaid plans, say officials for both companies, while blaming each other for the impasse." The update comes within days of the Sunday open enrollment deadline for Medicare Advantage plans. Without a new agreement, BJC Health will be out of Aetna's coverage network employer-sponsored commercial plans, starting Jan. 1. The former Homer G. Phillips Memorial Hospital closed after less than a year. A company affiliated with publicly-traded Nutex Health says it w" This year, 41% of physicians and other providers said their claims are denied more than 10% of the time, up from 30% of providers who said tha" BJC joins Mercy and SSM Health in announcing major Wentzville projects. SSM Health Cardinal Glennon Children's Hospital in St. Louis on Jan. 2, 2025....

7+ hour, 13+ min ago (375+ words) For the 1.9 million Californians enrolled in Covered California, monthly insurance premiums could nearly double in 2026 if enhanced federal subsidies expire." Covered California is the state's official health insurance marketplace. Established after the federal Affordable Care Act in 2010, qualifying California residents can compare plans and purchase private health insurance through Covered California that, until the end of 2025, have been significantly subsidized by the enhanced federal tax credits." "While everyone will feel the impact of rising costs, communities of color throughout California will be disproportionately impacted if Enhanced Premium Tax Credits expire," Glick said in an email. "We estimate that Latino Californians will see a 122% increase in monthly premiums, and Black Californians will see a 106% increase in monthly premiums." NPR reported Monday that the Senate is expected to vote soon on a Democratic proposal to extend existing Affordable Care Act tax credits…...