SCOTUS decision returns adviser focus to ACA compliance
The Supreme Court’s highly anticipated decision in King v. Burwell to uphold subsidies on the federal exchange removes uncertainty and shifts the focus of advisers and their clients back to ACA compliance.
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Cigna Corp. rejected Anthem Inc.’s $47 billion takeover bid, saying it was inadequate and not in the best interests of shareholders. more »
America’s biggest health insurers are about to get even bigger, driven into a wave of consolidation by the Affordable Care Act’s new regulations and markets. more »
Benefit advisers in several states have received new fee arrangements from Aetna that eliminate commissions on small-group business, causing an uproar among brokers, many of whom question the legality of such a practice. more »
Shares of health insurers from Cigna to Aetna surged on speculation that the industry is heading for a round of mergers to boost profits. more »
Commentary: The guidelines establish a uniform methodology that must be followed in determining the maximum annual rate of index-based interest that can be used to calculate policy values in indexed universal life illustrations. The NAIC is set to vote on the issue next week. more »
ADP filed a defamation lawsuit against Zenefits Tuesday, heating up a quarrel between the companies that ignited when ADP disabled Zenefits’ access to its systems for shared clients. The HR tech firm calls ADP's actions anti-competitive fear tactics. more »
Assurant announced June 10 it will exit the health insurance market and sell some small group business lines to insurance holding company National General Holdings. more »
House Republicans yesterday introduced a plan to repeal the ACA and replace key pieces of it with high-risk health pools and tax credits that benefit industry experts oppose, saying it would undermine the employer-sponsored health care system in place today. more »
Benefit advisers can be a ‘vital’ resource for low-income earners who, according to new research, need better understanding of and engagement with their employers’ benefit offerings. more »
The terms of the deal were not disclosed, but all 350 MHBT employees will join MMA under a new company name. more »
If the DOL's proposal to impose new fiduciary responsibilities on advisers in the retirement space becomes rule, many financial professionals fearing legal liability could abandon that market altogether, and cut off services to low- and middle-income investors, according to FINRA chief Richard Ketchum. more »
The ACA’s mandated expansion of the definition of the small group market would limit employers’ health plan options and lead to premium increases, according to employer groups that are urging the repeal of the mandate before it takes effect in 2016. more »
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