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Tag: falters

Dollar falters against most majors on U.S. stimulus hopes

October 1, 2020
| No Comments
| business

By Gertrude Chavez-Dreyfuss

NEW YORK (Reuters) – The dollar fell against most currencies in choppy trading on Wednesday, as risk sentiment improved on renewed hopes for another stimulus package that could help ease the economic pain of the coronavirus-induced recession.

Overall, the dollar posted it worst quarter since September 2017, with a fall of about 3.5% as expectations for a swift recovery from the COVID-19 economic crash made investors exit safe havens and buy into riskier currencies.

The greenback slid against the Japanese yen and weakened versus currencies associated with higher risk appetite such as the Australian, New Zealand and Canadian dollars.

U.S. House of Representative Speaker Nancy Pelosi and Treasury Secretary Steven Mnuchin met on Wednesday in a bid to broker a bipartisan deal on stalled COVID-19 relief legislation ahead of the Nov. 3 election.

Shares on Wall Street rose, while U.S. Treasury prices fell as risk aversion eased.

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Job-based health insurance falters | LinkedIn

September 29, 2020
| No Comments
| insurance

Julie Kliger

What Should Keep You Up At Night: No Obamacare

If the Affordable Care Act(ACA), (aka Obamacare), is struck down:
1. As many as 133 million Americans — roughly half the population under the age of 65 — have pre-existing medical conditions that could disqualify them from buying a health insurance policy or cause them to pay significantly higher premiums if the health law were overturned.
2. What’s a pre-existing condition? Common ailments such as high blood pressure or asthma, any of which could require those buying insurance on their own to pay much more for a policy, if they could get one at all.
3. And!… The coronavirus, which has infected nearly seven million Americans to date, could also be cut out of getting insurance coverage
4. And, 54 million people have conditions serious enough that insurers would outright deny them coverage if the A.C.A. were not in effect.

Why

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