Tag: markets

Now what? Options for consumers as health law drama fades

BY TOM MURPHY As the political drama over health care legislation in Washington fades, the rest of the country faces a more immediate concern: Getting insurance for next year. The Republican health plan designed to replace the Obama-era health law known as the Affordable Care Act would not have taken full effect for a few years anyway – and now it’s dead. “We’re going to be living with Obamacare for the foreseeable future,” House Speaker Paul Ryan said Friday. That means millions of Americans will have to navigate a current federal health care system that, while not “imploding” as...

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Germany expands diesel probe to include VW board chairman

BERLIN (AP) — German prosecutors have widened their investigation into Volkswagen’s handling of the emissions scandal to include its board chairman, Hans Dieter Poetsch, the company said Sunday. Poetsch was VW’s chief financial officer when the company’s efforts to rig cars to cheat on U.S. diesel emissions tests became public in September 2015. Volkswagen said in a statement that prosecutors in the German city of Braunschweig are investigating three members of the board including Poetsch. Prosecutors were already investigating former Volkswagen CEO Martin Winterkorn and VW brand chief Herbert Diess over allegations they didn’t inform investors soon enough. VW...

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High costs and disappointing enrollment plague some state-run health insurance markets

WASHINGTON (AP) — State-run health insurance markets that offer coverage under President Barack Obama’s health law are struggling with high costs and disappointing enrollment. These challenges could lead more of them to turn over operations to the federal government or join forces with other states. Hawaii’s marketplace, the latest cautionary tale, was awarded $205 million in federal startup grants. It has spent about $139 million and enrolled 8,200 customers for individual coverage in 2015. Unable to sustain itself, the state marketplace is turning over sign-ups to the federal HealthCare.gov for 2016. Twelve states and the District of Columbia fully...

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Big nights for the biggest markets in NBA draft

NEW YORK (AP) — From coast to coast, the NBA draft was a big night for the biggest markets. The Los Angeles Lakers tabbed their next potential superstar in D’Angelo Russell. The New York Knicks landed a pair of players in the first round, selecting Kristaps Porzingis and later acquiring the rights to Notre Dame guard Jerian Grant. Both teams are coming off their worst seasons in their histories and hoping the turnarounds started Thursday. Russell is ready to do his part. "I’m here, and I’m ready to make an impact right away," the Ohio State point guard said....

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