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PBGC's bakery drivers pension bailout could cost taxpayers $6B, says inspector general

By Lynn Cavanaugh

A federal court overruled the Pension Benefit Guaranty Corporation's decision not to offer financial assistance to the bakery fund, but it now opens the door to 100 other previously ineligible pension plans to apply for special financial assistance, says the risk advisory letter.

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U.S. health system performance varies widely by state, study finds

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Senate lawmakers urge DOL Secretary to reinstate crypto guidance warning in 401(k) plans

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June 20, 2025

UnitedHealth unit hack may have exposed data of 5.4M users

The Episource breach announcement is coming as Google is warning of a wave of attacks by the Scattered Spider cyberattacker community.

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June 20, 2025

Health insurer group chief calls for Congress to change tax bill

AHIP CEO Mike Tuffin — who helps speak for Aetna, Cigna and the Blues — said the current One Big Beautiful Act package would hurt all patients in rural communities.

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June 20, 2025

KFF poll: Two-thirds of Americans unfavorable towards GOP tax & budget bill

At the same time that the bill proposes sweeping cuts to Medicaid spending as well as changes to the Affordable Care Act, overall favorability of both programs reach all-time highs.

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June 20, 2025

ACA exchange system faces enrollment fraud challenges

A private group estimates that 62% of 'no cost' exchange users lie about their income.

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June 20, 2025

JPMorgan sues former $800M advisor, now at Morgan Stanley, over soliciting clients

Since the financial advisor's resignation last month, 20 clients, representing $35 million in assets, have transferred or are in the process of transferring their accounts to Morgan Stanley, according to JPMorgan.

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June 20, 2025

Social Security retiree benefits to run dry in 2033, unless Congress acts: SSA trustees report

That's one year sooner than previously forecast, according to the just-released Social Security Administration's annual Social Security and Medicare Trustees Reports, which urge lawmakers to "quickly enact legislation to make the necessary adjustments."

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June 19, 2025

Would the Senate Finance tax bill add $1T to employer health plan bills?

Providers could replace some of the projected government plan revenue losses by increasing commercial plan revenue.

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Top News Stories

PBGC's bakery drivers pension bailout could cost taxpayers $6B, says inspector general

U.S. health system performance varies widely by state, study finds

Senate lawmakers urge DOL Secretary to reinstate crypto guidance warning in 401(k) plans

Recommended Just For You

News Stories

UnitedHealth unit hack may have exposed data of 5.4M users

Health insurer group chief calls for Congress to change tax bill

KFF poll: Two-thirds of Americans unfavorable towards GOP tax & budget bill

ACA exchange system faces enrollment fraud challenges

JPMorgan sues former $800M advisor, now at Morgan Stanley, over soliciting clients

Social Security retiree benefits to run dry in 2033, unless Congress acts: SSA trustees report

Would the Senate Finance tax bill add $1T to employer health plan bills?