Ratings agency Moody's Investors Service said Wednesday that it has changed its outlook on the U.S. life insurance industry to "Stable" from "Negative." Moody's said it expects economic growth rates to improve slowly and interest rates to continue to rise in 2014..» Read More
The main contractors responsible for the Healthcare.gov site say the administration shares responsibility for snags that crippled the system.
WASHINGTON, Oct 24- Obamacare's problem-plagued website Healthcare.gov will be fixed in time to allow people to enroll in private health insurance by a Dec. 15 deadline to obtain benefits beginning on Jan. 1, the main Obamacare contractor CGI Federal told a congressional panel.
TOKYO, Oct 24- Sumitomo Life Insurance Co plans to increase domestic bond holdings in the six months to March, a senior company official said on Thursday, but added that it could shift to foreign debt if domestic bond yields stay too low.
Japan's fourth largest private life insurer with total assets of 26.5 trillion yen has started to remove currency hedging on its foreign bond investments this financial year and plans to keep doing so further, the official said.
Reduced yen bonds by Y200 bln in Apr-Sept. By Hideyuki Sano and Tomo Uetake. TOKYO, Oct 24- Japan's Meiji Yasuda Life Insurance may buy around 700 billion yen in domestic bonds between now and March-- but only if the yields are right.
TOKYO, Oct 24- Japan's Meiji Yasuda Life Insurance may buy around 700 billion yen in domestic bonds in the six months to March but it is cautious about buying debt at current yield levels, a senior official at the insurer said on Thursday.
TOKYO, Oct 24- The benchmark 10- year Japanese government bond yield fell below 0.600 percent on Thursday for the first time since May 9, tracking overnight gains in U.S. The 10- year yield dipped 0.5 basis point to 0.595 percent, while 10- year JGB futures rose 10 ticks to 145.01, their highest since early May.
For the first time, White House officials identified a key flaw crippling Obamacare enrollment on the HealthCare.gov website.
Congressional GOP leaders said they would use oversight powers to hold President Obama's administration 'accountable' for problems with its launch.
WASHINGTON, Oct 23- Executives from top health insurance companies agreed to form new technical teams to help the Obama administration fix a website used to sign up for' Obamacare' health insurance, the White House said on Wednesday.
NEW YORK, Oct 23- Frustrated by the new U.S. federal and state health insurance exchanges? "You still have some time, and you should take it," says Carrie McLean, director of customer service for eHealth Inc, which runs the private insurance marketplace eHealthinsurance.com.
*CEO Swedish to attend White House meeting later Wednesday. Oct 23- Health insurer WellPoint Inc on Wednesday said it was not ready to provide profit forecasts for 2014, citing problems launching new insurance plans under President Barack Obama's healthcare reform, sending shares lower.
WASHINGTON, Oct 23- House of Representatives Republicans remain committed to seeking a delay in the provision in President Barack Obama's healthcare law that requires uninsured Americans to buy health insurance coverage, House Majority Leader Eric Cantor said on Wednesday.
WASHINGTON, Oct 23- Americans appear to be somewhat warmer to President Barack Obama's signature healthcare law, despite the troubled roll out of the government website that is essential for its success, a poll released on Wednesday found.
Oct 23- Health insurer WellPoint Inc on Wednesday reported a third-quarter profit that beat analysts' expectations as it added new members and the cost of providing healthcare services was lower than anticipated.
*White House chooses insider for Healthcare.gov problems. Jeffrey Zients, a former official of the Office of Management and Budget who will become head of the National Economic Council in January, will provide short-term management advice on the project, said Kathleen Sebelius, secretary of Health and Human Services.
TOKYO, Oct 23- Japanese government bond prices rose on Wednesday, with the 10- year yield hitting a five-month low, buoyed by gains in U.S. The 10- year yield was down 1 basis point at 0.605 percent after earlier touching 0.600 percent, its lowest since May 9.
The tech mess on Obamacare's HealthCare.gov was inevitable, but can be fixed fairly quickly, said the ex-president of software giant Oracle.
Oct 22- Health insurer Centene Corp raised its revenue growth forecast for 2014 based on a new Medicaid contract win in Florida and expansion of others. Centene confirmed that glitches stopped consumers from accessing its plans, which are currently listed on federal exchanges in Arkansas, Florida, Georgia, Indiana, Mississippi, Ohio and Texas.
The White House is working with outside technology experts to fix the Healthcare.gov website, but right now there are more questions than answers.