The Friday Five for February 2, 2024:

• FOMC January 2024 Meeting


• Cigna Sells Medicare Business to HCSC


• Bipartisan Tax Package


• Instagram Threads


• Legislation on Social Media for Kids

 

Find your Ritter Sales Specialist: https://ritterim.com/meet-your-sales-team/  

 

Follow Us on Social!

Ritter on Facebook, https://www.facebook.com/RitterIM Instagram, https://www.instagram.com/ritter.insurance.marketing/ LinkedIn, https://www.linkedin.com/company/ritter-insurance-marketing TikTok, https://www.tiktok.com/@ritterim Twitter, https://twitter.com/RitterIM and Youtube, https://www.youtube.com/user/RitterInsurance

Sarah on LinkedIn, https://www.linkedin.com/in/sjrueppel/ Instagram, https://www.instagram.com/thesarahjrueppel/ and Threads, https://www.threads.net/@thesarahjrueppel 

Tina on LinkedIn, https://www.linkedin.com/in/tina-lamoreux-6384b7199/ 

 

Resources:

ACA 2024 Open Enrollment Final Numbers: https://link.chtbl.com/ASGF20240126

Increase Sales and Productivity with the Busy Medicare Agent’s Sales Planner: https://link.chtbl.com/ASG570

Social Media Marketing Apps: https://link.chtbl.com/ASGA52

Stay Organized with the Busy ACA Agent's Sales Calendar: https://link.chtbl.com/ASG571

Things to Think About Post-OEP: https://link.chtbl.com/ASG572

 

FOMC January 2024 Meeting:

A Comparison of PCE and CPI: https://www.bls.gov/osmr/research-papers/2017/st170010.htm

Consumer Price Index (CPI) December 2023: https://www.bls.gov/news.release/pdf/cpi.pdf

Fed Keeps Rates Steady: https://www.nytimes.com/live/2024/01/31/business/fed-meeting-interest-rates

Fed meeting: Stocks slump as Powell says March rate cut unlikely: https://www.marketwatch.com/livecoverage/fed-meeting-s-p-500-futures-slip-as-investors-juggle-megacap-earnings-fomc-decision

Federal Open Market Committee Meeting Schedule 2024: https://www.federalreserve.gov/monetarypolicy/fomccalendars.htm

Federal Reserve holds interest rates steady as consumer confidence improves and inflation slows: https://www.nbcnews.com/business/economy/federal-reserve-interest-rate-decision-january-2024-increase-decrease-rcna136429

Personal Consumption Expenditures (CPE) December 2023: https://www.bea.gov/news/2024/personal-income-and-outlays-december-2023

 

Cigna Sells Medicare Business to HCSC:

Cigna inks deal to sell Medicare business to HCSC for $3.7B: https://www.fiercehealthcare.com/payers/cigna-inks-deal-sell-medicare-business-hcsc-37b-deal

Cigna to sell Medicare business to HCSC for $3.3B: https://www.modernhealthcare.com/mergers-acquisitions/cigna-health-care-service-corporation-medicare-advantage-deal

The Cigna Group to Sell Medicare Businesses and CareAllies to Health Care Service Corporation (HCSC): https://www.prnewswire.com/news-releases/the-cigna-group-to-sell-medicare-businesses-and-careallies-to-health-care-service-corporation-hcsc-302049322.html

 

Bipartisan Tax Package:

H.R.7024 - Tax Relief for American Families and Workers Act of 2024: https://www.congress.gov/bill/118th-congress/house-bill/7024

House passes bill to enhance child tax credit, revive key tax breaks for businesses: https://apnews.com/article/child-tax-credit-house-republicans-speaker-johnson-4da25a4188ad27693e9d8755e7481b76

House passes bipartisan tax bill to expand child tax credit: https://www.npr.org/2024/01/31/1228209266/house-passes-child-tax-credit-expansion

 

Instagram Threads:

Instagram Threads triples downloads in December, reaching the top 10; X falls to No. 36: https://techcrunch.com/2024/01/30/instagram-threads-triples-downloads-in-december-reaching-the-top-10-x-falls-to-no-36/

Meta's Threads climbs the ranks of world's most downloaded apps again: https://www.zdnet.com/article/metas-threads-climbs-the-ranks-of-worlds-most-downloaded-apps-again/

Sarah on Threads: https://www.threads.net/@thesarahjrueppel

Threads App Downloads Spike as Interest in Musk's X Wanes: https://www.pcmag.com/news/threads-app-downloads-spike-as-interest-in-musks-x-wanes

 

Legislation on Social Media for Kids:

200 groups push Senate to vote on Kids Online Safety Act in 2024: https://www.nbcnews.com/tech/social-media/kosa-kids-online-safety-act-speech-censor-rcna128249

Bill to ban minors from social media and terminate youths' accounts passes Florida House: https://www.usatoday.com/story/news/politics/2024/01/25/florida-social-media-ban-bill/72351219007/

Bipartisan Bill Aims to Protect Children Online: https://www.nytimes.com/2024/01/31/technology/congress-social-media-safety.html

CS/HB 1: Social Media Use for Minors: https://www.flsenate.gov/Session/Bill/2024/1

Florida House of Representatives approves bill to ban social media for kids under 16: https://abcnews.go.com/GMA/Family/florida-house-representatives-approves-bill-ban-social-media/story?id=106672586

Florida Senate HB-1 Bill Text: https://www.flsenate.gov/Session/Bill/2024/1/BillText/e1/PDF

Kids Online Safety Act (S.1409): https://www.congress.gov/bill/118th-congress/senate-bill/1409/text

Introducing Stricter Message Settings for Teens on Instagram and Facebook: https://about.fb.com/news/2024/01/introducing-stricter-message-settings-for-teens-on-instagram-and-facebook/

Meta’s Mark Zuckerberg issues dramatic apology at Senate hearing on child safety: https://www.ft.com/content/87840b12-08b5-4b90-9afc-bc8fba730ff9

Meta, TikTok, and other tech companies go to Congress: all the news: https://www.theverge.com/2024/1/31/24056136/congress-child-safety-hearing-kosa-meta-x-discord-snap-tiktok

Ohio, more states push for social media laws to limit kids’ access: Where they stand: https://www.usatoday.com/story/news/nation/2024/01/12/social-media-laws-parental-consent-teens-kids-netchoice-lawsuits/72182348007/