President Joe Biden has announced a series of actions under a core pillar of his "Bidenomics" agenda to lower health care costs and crack down on surprise junk fees for American families and consumers.
New rules proposed by the Administration would close loopholes that allow companies to offer misleading insurance products that can discriminate based on pre-existing conditions and trick consumers into buying products that provide little or no coverage when they need it most.
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Business News
May 01, 2026 15:54 ET Central banks dominated the economics news flow this week with almost all major ones announcing their latest policy decisions and many boosted expectations for a rate hike in June. In other news, several countries released the preliminary data for first quarter economic growth. In the U.S., comments by Fed Chair Jerome Powell were also in focus as his term ends this month.