Bloomberg

Retirement-Age Americans Driving US Credit Rally and Record Annuity Sales, Bloomberg Reports

New York, NY – Annuity sales in the US hit a record high in 2023, driven by retirement-age Americans seeking higher interest rates to boost their premiums, according to data from the life insurance trade association LIMRA. Bloomberg reported that a total of $385 billion in annuities were sold, marking a 23% increase from the previous year and setting a new all-time record. These contracts provide customers with periodic payments from a life insurer, while …

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“Transparency Deemed Critical in House Hearing on Health-Care Price” – Bloomberg Law

Washington, D.C. – The push for affordable healthcare took center stage in a recent hearing in the House Energy and Commerce Committee. The focus was on the growing cost of healthcare, with members expressing concerns about the economic impact of escalating prices. Chairwoman Cathy McMorris Rodgers and Ranking Member Brett Guthrie emphasized the urgency of addressing the unsustainable increase in healthcare spending. They highlighted the need for transparency in healthcare pricing, stressing that it is …

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