The Washington Post reports the Trump Administration announced last night \that the government will immediately stop cost-sharing reductions. These $7 billion in annual subsidies to health insurers lowers premiums for consumers. Earlier in the day, the president signed an executive order that makes it easier for individuals and small businesses to buy alternative types of health insurance accross state lines with lower prices and less mandated coverage, but also fewer benefits and weaker government protections.
The University of Michigan said its consumer sentiment index climbed to a 13-year high of 101.1 in October from 95.1 in September, Eonomists expected 95. There were big gains in both the sub-indexes for current economic conditions and expectations. In short, the economic expansion, after eight years, is finally being noticed. With low unemployment and low inflation, consumers are content but not ecstatic with modest income gains.
Serving the West Side first, I am Bill Roller of BR Capital for 1360 KUIK.
