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After the COVID-19 pandemic accelerated retirement plan closings and dampened plan creation, a new report from Morningstar reveals that only 2,090 employers cover 50% of U.S. workers with retirement plans, leaving a heavy burden on small employers, Plansponsor reports. While long-term growth may appear to make the retirement system look stable, Morningstar analysts argued that those numbers mask underlying turnover of thousands of plans and outflows of billions of dollars.
1. FTC refunds customers for fraudulent health plans sold by Benefytt
2. Health systems consider dropping Medicare Advantage plans due to financial losses
3. UnitedHealth faces rising lawsuits following Change Healthcare cyberattack
4. MedPAC calls for 'major overhaul' of Medicare Advantage policies
5. Medicare to cover Novo Nordisk's weight-loss drug for heart patients
6. AT&T faces second lawsuit over $8 billion pension risk transfer