A U.S. appeals court on Tuesday dealt a significant blow to the Affordable Care Act, when it threw out an IRS regulation that governs subsidies. But before the ink dried on that decision, another three-judge panel hearing a similar case issued a decision that was completely opposite.
If all goes according to plan, next year many Arkansas Medicaid beneficiaries will be required to make monthly contributions to so-called Health Independence Accounts. Those who don't may have to pay more of the cost of their medical services, and in some cases may be refused services.
Supporters say it will help nudge Medicaid beneficiaries toward becoming more cost-conscious health care consumers. Patient advocates are skeptical, pointing to studies showing that such financial "skin-in-the-game" requirements discourage low-income people from getting care that they need.
The president of the Alabama State University Student Government Association has sent a letter asking the chairman and vice chairman of the board of trustees to resign.
SGA President Darren Dubose said Monday the SGA Cabinet decided it was time to act when an accrediting agency sent the university a warning letter and noted that Chairman Elton Dean and Vice Chairman Marvin Wiggins had relatives with university contracts. Dubose also noted that Moody's Investor Services downgraded the university's bond rating during their tenure.
This summer, we're also focusing on the high rate of youth unemployment and hearing what some out-of-work younger adults are doing to make ends meet. Christina Gastlelum is 32. She recently moved to Maine from New York City. She tried to keep doing her job as vice president of a nonprofit remotely which did not work out.
NPR's Business News starts with big losses at Credit Suisse - really big. The Swiss bank is reporting a net loss of more than $770 million for the second quarter. That's the biggest loss for the bank since the 2008 financial crisis. Much of the loss is due to a legal settlement with U.S. tax authorities. In May, the bank pleaded guilty to helping Americans evade U.S. taxes by hiding the money in Swiss accounts. Credit Suisse paid a fine of $2.6 billion. Transcript provided by NPR, Copyright NPR.
Four years ago today, President Obama signed a massive overhaul of the nation's financial laws, The Dodd-Frank Wall Street Reform and Consumer Protection Act. The law was a response to the Wall Street bailouts and regulatory failings that sparked the financial crisis and caused the great recession. As NPR's John Ydstie reports, the anniversary is being marked by calls from some to repeal parts of the law.
If you go to France this summer, you might notice a new logo in restaurant windows or on menus. It's a simple graphic of a rooftop covering a saucepan, and it's supposed to designate fait maison, or homemade. It's designed to highlight places that make their own dishes rather than bringing in frozen or sous vide — prepared meals cooked in a water bath, sealed in airtight plastic bags and designed to be heated up later.