Broker Regulation

Today is the deadline for states to apply to participate in a state partnership exchange with the federal government as part of the Patient Protection and Affordable Care Act.

The California Health Benefit Exchange board is standardizing the co-payment amounts, coinsurance percentages and other plan design features in all new individual and small-group health policies sold in the state.

And they say brokers are bad when it comes to procrastination. Apparently, their clients arent much better.

Insurer MetLife Inc., which sold its bank deposits in January, says it is no longer a bank holding company.

Merck & Co. has agreed to pay $688 million to settle two lawsuits brought by investors who alleged the drugmaker delayed releasing bad news on its blockbuster cholesterol drugs to prevent a drop in sales.

The Health and Human Services Department conditionally approved Illinois to operate a state partnership exchange Wednesday.