A growing number of people in Obamacare are finding out their health insurance plans will disappear from the program next year, forcing them to find new coverage even as options shrink and prices rise.

At least 1.4 million people in 32 states will lose the Obamacare plan they have now, according to state officials contacted by Bloomberg. That’s largely caused by Aetna Inc., UnitedHealth Group Inc. and some state or regional insurers quitting the law’s markets for individual coverage.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – More Than 1 Million to Lose Obamacare Plans as Insurers Quit

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It wasn’t just Deutsche Bank that was grappling with big questions about the future at the International Monetary Fund meetings in Washington last week.

The German bank is scrambling to overhaul its operations as it faces a multi-billion dollar fine for selling toxic mortgage-backed securities in the United States.

Read the Full Article: Source – Reuters
Time For Truth: (Reuters) – Banks ponder the meaning of life as Deutsche agonizes

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Medtronic Plc will bring to market the world’s first artificial pancreas, after U.S. regulators cleared the device for diabetics to automatically monitor blood sugar and supply insulin, replicating what a healthy version of the organ does on its own.

Read the Full Article: Source – Bloomberg
Time For Truth: (Bloomberg) – Artificial Pancreas Approved by FDA Marks a Global First

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John Stumpf’s trip to Capitol Hill on Tuesday opens Wells Fargo’s sales practices—and the executive himself—to a fresh round of scrutiny.

Read the Full Article: Source – Wall Street Journal
Time For Truth: (Wall Street Journal) – Wells Fargo’s John Stumpf Takes Center Stage at Senate

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European and Japanese banking officials are reportedly enraged that the (US-backed) world’s top banking regulator would dare to demand banks hold higher levels of capital to meet credit, market and operational risks. These rules are not new, of course, but the bankers, used to getting their own way reportedly demanded in two heated meetings this week that The Basel Committee ‘scale back; the rules to ensure the rules have no “particularly negative consequences for specific regions,” such as Europe.

Read the Full Article: Source – Zero Hedge
Time For Truth: (Zero Hedge) – European, Japanese Bankers Threaten Mutiny Over Basel Committee's Capital Rules

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