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☆ Medical debt can be 'a bit of a surprise,' expert says — and 21% who have it owe $5,000 or more
▼ + stars: | 2023-03-22 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

Antonio_diaz | Istock | Getty ImagesThe largest bills are mostly owed to hospitalsThe Urban Institute study found that 73% of adults with medical debt owe hospitals at least some of it. Almost two-thirds, or 63%, of adults with past-due medical debt incurred it when they had insurance, the research found. An estimated 100 million adults have medical debtOverall, an estimated 41% of people — or about 100 million adults — face medical debt, ranging from under $500 to $10,000 or more, according to a report from the Kaiser Family Foundation. watch nowNo Surprises Act is reducing unexpected billsOne of the biggest causes of unexpected large medical bills historically was out-of-network providers being involved in your care — often at a hospital — without you realizing it. Some medical debt is dropping off credit reports

☆ Romance Scams Are Booming — Especially on Facebook and Instagram
▼ + stars: | 2023-03-20 | by ( Eve Upton-Clark | ) www.businessinsider.com time to read: +13 min

Americans lost $1.3 billion to romance scams last year — an 164% increase from 2019 — and $3.3 billion in total since the start of the pandemic. According to the FTC report, the most popular way scammers reached out to their victims last year was through Instagram (29%) and Facebook (28%). And as these schemes get more widespread and more complex, the number of people falling for romance scams keeps growing. Confluence of crypto and romanceIf loneliness was the reason "why" for the soaring number of romance scams, then crypto is the "how." 1 payment method for romance scams last year was cryptocurrency.

☆ Senate Minority Leader Mitch McConnell hospitalized after falling
▼ + stars: | 2023-03-09 | by ( Liz Brown-Kaiser | ) www.cnbc.com time to read: +1 min

Sen. Joni Ernst (R-IA) and Sen. John Thune (R-SD) look on as Senate Minority Leader Mitch McConnell (R-KY) speaks during a news conference following a closed-door lunch meeting with Senate Republicans at the U.S. Capitol January 31, 2023 in Washington, DC. Senate Minority Leader Mitch McConnell, R-Ky., was hospitalized after tripping at a hotel, a spokesperson said Wednesday. "This evening, Leader McConnell tripped at a local hotel during a private dinner. He was Senate majority leader until early 2021. He was Senate majority leader from 2015 until early 2021, when Democrats took over in the majority after the 2020 elections.

☆ The 4 Americans who were attacked after crossing the Mexican border were traveling to get a tummy tuck procedure, relatives say
▼ + stars: | 2023-03-07 | by ( Chris Panella | Azmi Haroun | ) www.businessinsider.com time to read: +3 min

Two of the four Americans kidnapped in Mexican are dead, while the other two were found alive. Relatives told CNN and ABC News the group traveled for one of them to get a tummy tuck procedure. Tamaulipas Governor Américo Villarreal said the other two Americans were found alive in Tamaulipas, according to Latinus journalist Claudio Ochoa Huerta. Obrador confirmed at a press conference Monday that the group was abducted on March 3 in Matamoros, Tamaulipas, Mexico, near the Rio Grande and southern US border with Brownsville, Texas. It was originally reported by Mexican President Andrés Manuel López Obrador that the group traveled to buy medication.

Chart showing the percentage cut the committee would make to each area of government spending to balance the budget over 10 years. 8 8 8 Deficit 6 6 6 4 4 4 Spending Spending Spending Revenue Revenue Revenue 2 2 2 2023 2033 2023 2033 2023 2033 Current projections Deficits are projected to grow to $2.7 trillion by 2033. 8 8 8 Deficit 6 6 6 4 4 4 Spending Spending Spending Revenue Revenue Revenue 2 2 2 2023 2033 2023 2033 2023 2033 Eliminate by increasing taxes Current projections Eliminate by cutting spending Deficits are projected to grow to $2.7 trillion by 2033. plan to balance budget 50% Projections 1920 1930 1940 1950 1960 1970 1980 1990 2000 2010 2020 2030 2040 2050 Current trajectory 200% of G.D.P. plan to balance budget 50% Projections 1930 1960 1990 2020 2050 Sources: Committee for a Responsible Federal Budget; Congressional Budget Office; Republican Study Committee Note: Both plans were released in 2022 and are based on outdated baseline projections; their debt reduction may differ modestly.

☆ Senators unveil rail safety bill after Ohio train derailment
▼ + stars: | 2023-03-01 | by ( Liz Brown-Kaiser | Rose Horowitch | ) www.cnbc.com time to read: +2 min

A bipartisan group of senators will introduce legislation Wednesday aimed at preventing rail disasters after the devastating derailment in East Palestine last month. It would also require trained, two-person crews to work aboard every train carrying hazardous materials and levy heightened fines for rail carriers' wrongdoing. The Feb. 3 derailment of a Norfolk Southern train carrying vinyl chloride led to a spill of toxic chemicals. The bill will be introduced by Brown and his Republican counterpart, Sen. JD Vance, who represent the state where the Norfolk Southern derailment occurred. The Senate Environment and Public Works Committee on Tuesday asked Norfolk Southern CEO Alan Shaw to participate in an upcoming hearing.

☆ Lilly to cut insulin prices by 70%, cap prices at $35 per month for people with private insurance
▼ + stars: | 2023-03-01 | by ( Spencer Kimball | ) www.cnbc.com time to read: +2 min

The Inflation Reduction Act capped insulin prices for Medicare beneficiaries at $35 per month but did not protect people with private insurance or who don't have coverage from higher prices. In President Joe Biden's State of the Union speech, he called on Congress to cap insulin prices at $35 a month for everyone. Lilly said it will cap out-of-pocket costs at $35 per month effectively immediately at certain retail pharmacies for people with private insurance. One in five people with diabetes who have private insurance pay more than $35 per month for insulin, according to the Kaiser Family Foundation. Democrats in Congress had pushed to cap insulin at $35 per month last summer for people with private insurance, but Senate Republicans killed the measure.

☆ These cofounders are giving parents-to-be an alternative option to traditional hospital care by addressing the system inadequacies for people of color
▼ + stars: | 2023-02-22 | by ( Alexandra York | ) www.businessinsider.com time to read: +5 min

Allegra Hill and Kimberly Durdin launched Kindred Space LA, a birth-support center, in 2018. They shared their experiences launching Kindred Space LA and their hopes for the future. Today, Kindred Space LA offers in-clinic births, home births, support groups, sessions with mental-health professionals, and collaborative care with ob-gyns and midwives who work in hospitals. Insider spoke with Hill and Durdin about their experiences launching Kindred Space LA and their hopes for the future. Kindred Space LA ultimately raised around $50,000, enough to open the birth clinic that year.

Facing criticism from Democrats and frustration from Republicans, Sen. Rick Scott, R-Fla., has amended his controversial “Rescue America” plan that called for all federal legislation to sunset. The plan now lists “specific exceptions of Social Security, Medicare, national security, veterans benefits, and other essential services.”The previous language read: “All federal legislation sunsets in 5 years. If a law is worth keeping, Congress can pass it again.”The new language says: “All federal legislation sunsets in 5 years, with specific exceptions of Social Security, Medicare, national security, veterans benefits, and other essential services. Note to President Biden, Sen. Schumer, and Sen. McConnell — As you know, this was never intended to apply to Social Security, Medicare, or the US Navy” (bold included in plan). This isn’t the first time Scott has edited his controversial 12-point plan while under fire.

☆ Inside Tracy Anderson's cutthroat fitness empire: Legal threats, paranoia, and trainers who say their bodies were 'breaking apart'
▼ + stars: | 2023-02-16 | by ( Katie Warren | ) www.businessinsider.com time to read: +29 min

One day around 2015, a dozen or so gift boxes showed up at the Brentwood, California, studio of the celebrity fitness trainer Tracy Anderson. "It was an exclusive boutique fitness studio," the former New York trainer said. Darren Gerrish/WireImageThe method demanded that TA trainers, most of whom were also professional dancers, perform the strenuous workouts full out, every time. Let's help you do it correctly so you don't get injured,'" the former New York trainer said. "This is at a time where everyone is already overworked," one of the former New York trainers said.

☆ Virginia blocks a bill that would have stopped police from viewing period app data, raising fears it could be used to prosecute abortions
▼ + stars: | 2023-02-16 | by ( Joshua Zitser | ) www.businessinsider.com time to read: +3 min

A Virginia bill that would have prohibited police search warrants on menstrual cycle data was shelved. Glenn Youngkin announced his opposition to the bill this week, resulting in it being tabled. The White House has warned women against using period-tracking apps, citing privacy concerns. Around a third of menstruating adults use period-tracking apps, according to a 2019 survey by the Kaiser Family Foundation. Abortion rights activists have raised alarm at the idea that period-tracking apps could be used to prosecute abortion-law violations, following the overturning of Roe v. Wade last year.

☆ Moderna CEO Stephane Bancel will testify before Senate next month on Covid vaccine price hike
▼ + stars: | 2023-02-15 | by ( Spencer Kimball | ) www.cnbc.com time to read: +3 min

Moderna CEO, Stephane Bancel attends 2019 Forbes Healthcare Summit at the Jazz at Lincoln Center on December 05, 2019 in New York City. Moderna CEO Stephane Bancel will testify before the Senate health committee in March over the company's plans to hike the price of its Covid-19 vaccine. Sanders, in a letter to Bancel last month, slammed the proposed price hike as "outrageous" given that the vaccine was developed in cooperation with the National Institutes of Health using taxpayer money. When the federal supply runs out, uninsured adults may have to pay the full price for the shots. There is a federal free vaccine program for children whose families or caretakers can't afford the shots.

☆ How small-business owners can address pay equity, according to a startup founder trying to build generational wealth for employees of color
▼ + stars: | 2023-02-14 | by ( Alexandra York | ) www.businessinsider.com time to read: +6 min

Yemi Rose is the founder of OfColor, a startup helping workers of color build generational wealth. Rose shared his insights on how small businesses could reach pay equity for employees of color. Before starting OfColor, Rose spent 16 years workings for financial and consulting firms like Thomson Financial and KPMG. In a conversation with Insider, Rose shared his thoughts on how small-business owners could reach pay equity for their employees of color. Before launching OfColor, Rose wanted to become an expert on the systems dictating wealth across America.

☆ 4 tips to save money with brands like Nike and Starbucks from a TikToker who paid off $200,000 in student debt in 2 years
▼ + stars: | 2023-02-14 | by ( Jacob Zinkula | ) www.businessinsider.com time to read: +5 min

She said these tips could save people money on a laptop, coffee, deliveries, and medical bills. Her most popular content features her "reading the fine print" of companies' terms and conditions to help people save money. Insider compiled a list of four of Kullberg's other top tips for how "reading the fine print" can save you money. Here's how Starbucks officially puts it:"At participating stores, you can use your registered Starbucks Card or Starbucks app to purchase a beverage and then present that same Starbucks Card or Starbucks account in the app to get free refills." Last year, the Kaiser Family Foundation found that three million Americans owe over $10,000 in medical debt.

“We see those as really strong opportunities to flip from Democrat to Republican,” McIntosh said. In West Virginia, McIntosh name checked two Republicans, Attorney General Patrick Morrissey and Rep. Alex Mooney, as possible candidates. Mooney has already announced his bid and Morrissey could run again after he fell short against Manchin as the party's 2018 nominee. Of Rosendale, another unsuccessful 2018 nominee who could run again (against Democratic Sen. Jon Tester), McIntosh said, “we know his record. She’s not really, as far as I can tell, an economic conservative.”The conservative group has already announced its endorsement of Rep. Jim Banks (R-Ind.

Around 8.4 million of the 37 million people in the United States with diabetes use insulin, according to the American Diabetes Association (ADA). They tried, and failed, to extend the benefit to everyone with health insurance when they were voting on the IRA. Without Congressional approval, the Biden administration cannot impose the cap on private insurance plans and is unlikely able to create a subsidy for the uninsured, experts said. Some Medicaid plans for low-income individuals and private insurance plans also cap the monthly cost of insulin at $35. It is unclear if his proposal would include those without health insurance, who often have to pay the full price for the life-sustaining drug.

☆ U.S. plans to stop buying Covid shots for the public this fall. Here's what that means
▼ + stars: | 2023-02-04 | by ( Spencer Kimball | ) www.cnbc.com time to read: +6 min

There is a federal program to provide free vaccines to children whose families or caretakers can't afford the shots. Sen. Bernie Sanders, I-Vt., slammed the vaccine price hike in a letter to Moderna's CEO last month. Under the ACA, private health insurance is required to cover all immunizations recommended by the CDC at no cost to the consumer. There may be a small number of legacy private health insurance plans from before the ACA that are not required to cover Covid vaccines, Cox said. Consumers could also see their health insurance premiums increase if Pfizer and Moderna hike the price of the shots, Cox said.

☆ The era of health insurance disruptors is over
▼ + stars: | 2023-02-02 | by ( ) www.businessinsider.com time to read: +10 min

Today, they're mostly the poster children of just how challenging it is to break into the insurance industry. Clover Health; Bright Health; Oscar Health; Olivia Reaney/Business InsiderOscar, founded in 2012, and Bright, in 2015, set out to sell health plans to people buying coverage through the Affordable Care Act marketplace. Elevance Health, the parent company of Anthem health plans, is No. Health insurance remains overly complex and mind-numbingly frustrating. Established health insurers haven't been able to stem the rise in health costs, which are mostly determined by the prices for medical care.

A provision in the Inflation Reduction Act that allows Medicare to negotiate prices on the costliest prescription drugs each year will likely save the U.S. billions of dollars — as long as the drug industry doesn't interfere, according to a study published Friday in JAMA Health Forum. They identified 40 drugs that would have been selected by Medicare for drug pricing negotiation under the Inflation Reduction Act's provision. The researchers simulated negotiated prices by using a so-called ceiling price, which is at least 25% off the average price drug manufacturers charge to nongovernment entities, like private health insurance providers. The researchers found that the Medicare drug negotiation provision would have saved the U.S. $26.5 billion, or 5% of all drug spending, during those three years. It plans to release a list of the first 10 drugs it will target for drug pricing negotiation by September.

Twitter CEO Elon Musk visited Capitol Hill on Thursday and met with House leaders from both parties, saying the discussions focused on the social media platform he purchased in October. McCarthy, who turned 58 on Thursday, earlier told reporters that Musk "came by to wish me a happy birthday." Asked later if the meeting included a discussion about Twitter, a spokesperson for McCarthy referred back to the birthday wishes. Musk's visit comes amid ongoing GOP accusations that most social media platforms are suppressing conservative voices. Since taking over Twitter, Musk has restored hundreds of accounts of right-wing activists and QAnon followers, according to data reviewed by NBC News.

Haines also refused to discuss the sensitive material, citing ongoing special counsel investigations, according to members of the Senate Intelligence Committee who attending the classified briefing. Sen. Tom Cotton, R-Ark., was so furious after the briefing that he threatened to block presidential nominees or funding for some federal agencies until the Biden administration shows key lawmakers the classified documents. “Whether it’s blocking nominees or withholding budgetary funds, Congress will impose pain on the administration until they provide these documents. The bipartisan leaders of the Senate Intelligence panel emerged together from the secure briefing room and rejected the administration’s argument. “I’m not saying anything bad about the three [Biden, Trump and Pence], but classified information in the wrong hands can create problems for our country, put people at risk.

☆ U.S. CDC still looking at potential stroke risk from Pfizer bivalent COVID shot
▼ + stars: | 2023-01-26 | by ( Michael Erman | ) www.reuters.com time to read: +2 min

U.S. Food and Drug Administration officials said they had not detected a link between the shots and strokes in two other safety monitoring databases. The new data was presented at a meeting of outside experts that advise the FDA on vaccine policy. Most of the confirmed cases had also received a flu vaccine at the same time, which might be a factor, she said. FDA scientist Richard Forshee said the agency plans to study whether there is any increased risk of stroke from receiving the two shots at the same time. Both agencies still recommend older adults receive the booster shots, now tailored to target Omicron variants as well as the original coronavirus.

☆ House GOP study group is proposing changes to Medicare. Here's what you need to know
▼ + stars: | 2023-01-26 | by ( Sarah O'Brien | ) www.cnbc.com time to read: +3 min

There also is Part D (prescription drug coverage) and Part C (Medicare Advantage Plans), both of which are offered by private insurers. The stakes in a debate like this are high, given the importance of Medicare. Tricia Neuman executive director for the Kaiser Family Foundation's program on Medicare policyRight now, Neuman said, the savings proposals are being described at a fairly high level. "The policy debate starts to get real when the specifics are laid out," she said. "The stakes in a debate like this are high, given the importance of Medicare [for] seniors and younger people with disabilities."

☆ McCarthy says Santos will be removed from Congress if Ethics Committee finds he broke the law
▼ + stars: | 2023-01-25 | by ( Https | Media-Cldnry.S-Nbcnews.Com Image Upload Newscms Summer-Concepcion-Byline-Jm.Jpg | Summer Concepcion | ) www.nbcnews.com time to read: +3 min

House Speaker Kevin McCarthy said Tuesday that while he stands by Rep. George Santos, the freshman congressman from New York would be removed from office if the Ethics Committee finds he broke the law after he admitted fabricating parts of his background. Asked whether he is standing by Santos because his resignation would cut into the House Republicans' narrow majority, McCarthy pushed back. “If for some way when we go through Ethics that he has broken the law, then we will remove him, but it’s not my role,” McCarthy said. The voters elected him to serve,” McCarthy said earlier this month. “If there is a concern, he has to go through the Ethics [Committee]; let him move through that.

A jury on Monday convicted four members of the extremist group the Oath Keepers of seditious conspiracy. The trial, which started Dec. 12, included testimony from Brian Ulrich, a member of the Oath Keepers’ Georgia chapter who had pleaded guilty to seditious conspiracy and obstruction of an official proceeding. ... I’m not afraid and I’m ready to f---ing go.”The four defendants were charged as part of the same seditious conspiracy case involving Oath Keepers founder Stewart Rhodes that went to trial in October. Rhodes and Kelly Meggs, the leader of the group’s Florida chapter, were convicted of seditious conspiracy in November. The maximum sentence for seditious conspiracy — a rarely used Civil War era statute — is 20 years in federal prison.

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