The Trump administration credits its fraud control efforts for the disappearance of millions of people from Obamacare rolls rather than a sharp rise in premiums — a claim disputed by policy experts that glosses over the reality that many more Americans now find themselves without health insurance. Enrollment in Affordable Care Act plans fell by…
With health insurance companies frequently denying coverage for medically-requested procedures, 73 percent of Americans surveyed say healthcare delays and denials are a major problem. Now, a company called Sheer Health says they will fight insurance battles on behalf of their clients. Correspondent Susan Spencer looks at how a form of insurance against health care denials…
New York prosecutors are accusing Kalshi of running an illegal gambling operation, becoming the latest state to file a lawsuit against the prediction market. The complaint seeks to halt Kalshi’s operations in New York, force it to pay restitution to consumers who made bets on the platform, forfeit its profits and pay fines equal to three…
Roughly 178,000 OCTROT-brand heated blankets and throws are being recalled because they can catch fire or cause electrical shocks, according to federal safety regulators. The cord on the product can detach and ignite, posing a “risk of serious injury or death from fire, burn and shock hazards,” the Consumer Product Safety Commission said in a…
American Airlines changed its flight cancellation and refund policy to make it more restrictive, potentially preventing passengers from getting their money back when trips are disrupted. The airline’s 24-hour refund policy now applies only to customers who book a ticket for a flight at least one week away. That means travelers are only entitled to…
SOUTH BEND, Ind. – A federal judge on Thursday sentenced the owner of a peptide company to nearly six years in prison after finding he built a massive business by deceiving customers and selling products that were adulterated with steroids. Matthew Kawa, who ran Paradigm Peptides, pleaded guilty last year to selling unapproved drugs and illegally…
Every major European national soccer team threatened Thursday to collectively boycott competitions organized by global soccer’s nonprofit governing body FIFA over plans by the federation to sell off a minority stake in the World Cup tournament to private investors. A source close to Joshua Kushner’s company, Thrive Capital, dismissed criticism over the firm’s involvement in…
The Emmy Award-winning “CBS News Sunday Morning” is broadcast on CBS Sundays beginning at 9:00 a.m. ET. “Sunday Morning” also streams on the CBS News app beginning at 11:00 a.m. ET. (Download it here.) This week we present a rebroadcast of “The Money Issue,” our annual special broadcast hosted by Jane Pauley dedicated to the many ways…
The nation’s gross domestic product grew at an annual rate of 1.5% in the second quarter, the Commerce Department said Thursday, weaker than economists expected and a sign the Iran war is hurting growth. Economists polled by Reuters predicted GDP would rise at an annualized rate of 2.1% for April to June. GDP measures the…
The Federal Trade Commission sued Hims & Hers on Wednesday, alleging the telehealth platform shared customers’ health information with third-party platforms, including Meta and Snap, without their consent. The complaint, filed in federal court in the Northern District of California, alleged that Hims & Hers shared the data despite promising to protect consumers’ privacy. “Hims…
