President Joe Biden on Thursday announced new steps to protect consumers who buy short-term health insurance plans that critics say amount to junk. A new rule finalized by the Democratic president's administration will limit these plans to just three months. The Biden administration is also requiring short-term plans to provide consumers with clear explanations of the limits of their benefits.
Meridian Funds, managed by ArrowMark Partners, released its “Meridian Small Cap Growth Fund” fourth quarter 2023 investor letter. A copy of the same can be downloaded here. During the final months of the year, optimism prevailed due to news of reducing inflation and the potential for lower interest rates in 2024. The fund returned 13.64% (net) […]
The Biden administration on Thursday will finalize a rule aimed at cracking down on short-term health insurance plans and surprise medical bills, the latest steps in its effort to lower consumer costs across a broad range of industries. Short-term insurance plans misled consumers into thinking they were buying comprehensive health insurance, but included things like low caps on benefits and no coverage for pre-existing conditions, said Neera Tanden, who serves as the domestic policy adviser to President Joe Biden.