Employer-Paid

"As more household budgets are focused on essentials, many people find it harder to save, plan ahead, and feel in control of their future," Bernd Heinemann, head of group strategy, marketing, and distribution for Allianz SE, said in a statement.

"Recent spending growth was most evident in the population younger than age 65, which has more variation in insurance coverage, affecting both service use and prices," the report said.

A federal judge has temporarily banned Colorado from capping the price of Amgen's arthritis drug Enbrel while a lawsuit challenging the state drug affordability board's action plays

Officials say the former criminal prosecutor will help the state build "one of the nation's most comprehensive PBM compliance programs."

A three-judge panel ruled that ERISA blocks the state's effort to enforce geographic coverage requirements.

A widening gap between retirement expectations versus preparedness is fundamentally reshaping planning and accelerating demand for solutions that can deliver predictable income, such as annuity products.