The Tennessee House voted 72-23 to approve a bill that seeks a waiver of federal rules to develop a plan imposing work requirements
Republican Sens. Lamar Alexander of Tennessee and Susan Collins of Maine; House Energy and Commerce Committee Chairman Greg Walden, R-Ore.; and Rep. Ryan Costello, R-Pa., issued a joint statement saying the Alexander-Collins' healthcare market stabilization
Elsewhere, several GOP lawmakers said that the House's government funding bill excludes the Affordable Care Act's cost-sharing reduction and reinsurance payments due to a dispute with Democrats over the so-called Hyde Amendment, which restricts the use of federal funds to pay for abortions, The Hill reported. According to POLITICO, the House is scheduled to vote on the omnibus bill on March 21 and subsequently the Senate will take it up.
Idaho Insurance Director Dean Cameron told Modern Healthcare he would sue the Centers for Medicare and Medicaid Services
Preliminary results indicate that the U.S. property and casualty industry
South Carolina's insurance regulator confirmed to The Insurance Insider that Access Insurance Co. tried to avert its liquidation
HealthEquity Inc. released its outlook
Insurance broker NFP Corp. acquired Westfield, N.J.-based BSC Group Services LLC in a transaction that closed Feb. 1.
American International Group Inc. filed two preliminary prospectuses with the SEC relating to the issue of new debt to fund a portion of the consideration of its acquisition of Validus Holdings Ltd.
And, pursuant to a strategic agreement between Everest Re Group Ltd. and Hudson Structured Capital Management Ltd., Everest will be the anchor investor
Trump to detail US drug pricing plans; Roche drug cuts death risk in lung cancer: President Donald Trump said he plans to roll out a detailed plan next month to lower U.S. drug prices. In a speech in New Hampshire yesterday, he said part of the administration's effort to reduce drug costs included making medication-assisted treatments for opioid addiction more affordable by taking steps to increase competition.
Financial news in other parts of the world
Asia-Pacific: Bandhan Bank IPO 14.6x oversubscribed on final day; ANZ weighs NZ unit's float
Europe: EU, UK reach Brexit transition deal; RBS mulls online bank; HSBC eyes $4B CoCos
Middle East & Africa: Kenya rate cut for 1st time since 2016; Saudi eyes Tadawul-only Aramco IPO
The day ahead
Early morning futures indicators pointed to a mixed opening for the U.S. market.
In Asia, the Hang Seng rose 0.11% to 31,549.93, while the Nikkei 225 dropped to 0.47% to 21,380.97.
In Europe, around midday, the FTSE 100 climbed 0.19% to 7,055.97 and the Euronext 100 increased to 0.22% to 1,021.43.
On the macro front
The Redbook is due out today and the Federal Open Market Committee meeting will begin today.