The Department of Health and Human Services deleted a $11.5 billion budget request for the Affordable Care Act's risk corridor program
The Center for American Progress, or CAP, a Washington think tank, has unveiled the latest alternative to the U.S. government's currently run healthcare programs
Individuals earning $500,000 or more and couples with income of $750,000 or more will need to pay 85% of the cost of their Medicare parts B and D benefits from 2019. Currently, they pay 80% of the costs.
Over in Idaho
A Florida Senate committee approved a bill that would remove a provision from the state's workers compensation law that allowed employers to deny benefits to injured workers, who presented false information to get jobs, Business Insurance reported.
Kentucky's House of Representatives passed a bill that would amend a dozen statutes in the state's code governing the workers' compensation system, Business Insurance reported.
Bank of America Corp. said in its annual filing that it is still working through five separate lawsuits
An Enstar Group Ltd. subsidiary agreed to reinsure
Insurance industry representatives urged state regulators
More players are expected to get involved in M&A
Click here to read a summary of earnings reported Feb. 22 by select insurance companies covered by S&P Global Market Intelligence.
EMA endorses Pfizer's leukemia drug; UK health chief to tackle medication errors: The European Medicines Agency recommended the approval of five new therapies this month, including Pfizer Inc. 's Mylotarg, intended to treat acute myeloid leukemia, a cancer of the blood and bone marrow. Meanwhile, the regulator's Committee for Medicinal Products for Human Use adopted a negative opinion for Puma Biotechnology Inc.'s Nerlynx which was expected to be used as a breast cancer treatment.
Financial news in other parts of the world
Asia-Pacific: Japan to check regional banks' defenses; Paytm registers 2 insurance units
Europe: Standard Life Aberdeen, Phoenix in £3.24B deal; RBS posts 1st FY profit in years
Middle East & Africa: Bahraini bank eyes Saudi, UAE expansion; Kenyan banks urged to rethink plans
Latin America: Caixa launches new redundancy scheme; Moody's revises Colombia's outlook
The day ahead
Early morning futures indicators pointed to a higher opening for the U.S. market.
In Asia, the Hang Seng increased 0.98% to 31,268.15, and the Nikkei 225 inched up 0.72% to 21,892.78.
In Europe, around midday, the FTSE 100 was down 0.19% to 7,238.52, and the Euronext 100 slipped 0.17% to 1,022.25.
On the macro front
The 2-Yr FRN Note Settlement and the Baker-Hughes Rig Count report are due out today.