C-Suite

"As more household budgets are focused on essentials, many people find it harder to save, plan ahead, and feel in control of their future," Bernd Heinemann, head of group strategy, marketing, and distribution for Allianz SE, said in a statement.

"Recent spending growth was most evident in the population younger than age 65, which has more variation in insurance coverage, affecting both service use and prices," the report said.

A federal judge has temporarily banned Colorado from capping the price of Amgen's arthritis drug Enbrel while a lawsuit challenging the state drug affordability board's action plays

A widening gap between retirement expectations versus preparedness is fundamentally reshaping planning and accelerating demand for solutions that can deliver predictable income, such as annuity products.

The complaint adds to a growing wave of ERISA litigation testing employers' ongoing duty to monitor and replace underperforming 401(k) investments.

"Americans deserve secure, timely access to their health records," HHS Secretary Robert F. Kennedy Jr. said.