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ACA enrollment drops last year

The HealthCare.gov website main page. The Trump administration is clearing the way for insurers to sell short-term health plans as a bargain alternative to pricey "Obamacare" for consumers struggling with high premiums. But the policies don't have to cover pre-existing conditions and benefits are limited. It's not certain if that's going to translate into broad consumer appeal among people who need an individual policy. (HHS via AP)
The HealthCare.gov website main page. The Trump administration is clearing the way for insurers to sell short-term health plans as a bargain alternative to pricey "Obamacare" for consumers struggling with high premiums. But the policies don't have to cover pre-existing conditions and benefits are limited. It's not certain if that's going to translate into broad consumer appeal among people who need an individual policy. (HHS via AP) The HealthCare.gov website main page. The Trump administration is clearing the way for insurers to sell short-term health plans as a bargain alternative to pricey "Obamacare" for consumers struggling with high premiums. But the policies don't have to cover pre-existing conditions and benefits are limited. It's not certain if that's going to translate into broad consumer appeal among people who need an individual policy. (HHS via AP)

By Staff and wire reports 2 min read

The government says 11.4 million people have signed up for coverage this year under former President Barack Obama’s health law. That’s just a slight dip from 2018.

Despite the Trump administration’s ongoing hostility to “Obamacare,” a report from the Centers for Medicare and Medicaid Services released on Monday found remarkably steady enrollment- down only about 300,000 consumers.

Still, the number of new customers fell by more than 500,000. That’s a worrisome sign for backers of the Affordable Care Act. They say the Trump administration’s cuts to the ad budget and repeal of a requirement that people get insured will gradually eat away at the program.

The federal health insurance market, HealthCare.gov, has lost more than 1 million customers since President Donald Trump took office. State markets are holding their own.

Turkey investigates JP Morgan advice

Turkey’s banking regulator has announced that it will begin an inquiry into JPMorgan Chase for providing “misleading and manipulative” investment advice that, it said, prompted a run on the Turkish lira last week.

The Banking Regulation and Supervision Board issued a statement saying it had received a large number of complaints about a JPMorgan research report to clients Friday that “caused volatility in the financial markets and loss of reputation and value especially for the banks of our country.”

The lira, which has been slipping in value over the last year, slumped more than 5 percent Friday, dropping in value to 5.7 to the U.S. dollar from 5.4, while Turkey’s main stock exchange fell 3.45 percent.

The board said its investigation would also look into activities of other banks, but it did not name them.

President Recep Tayyip Erdogan has frequently accused foreign powers of orchestrating the currency crisis, and at a huge campaign rally in Istanbul on Sunday, he accused unnamed actors in the financial sector of trying to provoke a run on the lira.

“We all know who you are, we all know what you are all doing,” he said. “You should know that after the elections, we will make you to pay a heavy price. You would not be able to exploit this nation. You would not be able to cheat this nation.”