Obamacare premiums are set to skyrocket an average of 22% for the benchmark silver plan in 2017, according to a government report released Monday.
The price hike is the latest blow to Obamacare. Insurers are raising prices and downsizing their presence on the exchanges as they try to stem losses from sicker-than-anticipated customers. Enrollment for 2017 will be closely watched since insurers want to see younger and healthier consumers enroll.
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Time For Truth: (CNN) – Obamacare premiums to soar 22%
A deal by major oil exporters to freeze output may have to wait another couple of months.
As producing countries gather in Algiers for talks on Wednesday, Saudi Arabia signaled for the first time it may accept the idea that Iran keep output at maximum levels but doesn’t expect an accord to be reached this week. A deal in November is possible, Saudi Oil Minister Khalid Al-Falih said in a briefing in the Algerian capital.
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Time For Truth: (Bloomberg) – Saudis See Oil-Freeze Deal Possible in November, Not This Week
GOP presidential candidate Donald Trump again took aim at America’s central bank on Monday, saying Federal Reserve Chair Janet Yellen should be “ashamed of herself” and accusing her of keeping the Fed’s benchmark interest rate low to prop up Wall Street until President Barack Obama leaves office.
The University of Cincinnati has rolled out a new policy that requires faculty and staff applicants pledge their commitment to “diversity and inclusion.”
The policy comes at a university with a stated goal of hiring more “historically underrepresented” employees, a benchmark spelled out in its “UC Affirmative Action Plan” that calls for more African American, women, and other “traditionally unrepresented” employees campuswide.
It appears Russia is close to taking the next big step towards de-dollarization and killing the petro-dollar as Vladimir Putin’s “dream” of ruble-based pricing of its domestically-produced oil is on the verge of realization. SPIMEX (The St. Petersburg International Mercantile Exchange) is actively courting international oil traders to join its emerging futures market, which as Bloomberg reports, is designed “to create a system where Russian oil is priced and traded in a fair and straightforward way.”