United States

Physician AI Use Doubles, Confidence Grows Amid Skill Loss Concerns

The American Medical Association's latest survey reveals that 81% of physicians now use AI in their practices, a significant increase from 38% in 2023. While confidence in AI's clinical benefits grows, concerns persist regarding potential skill loss and patient interpretation of results without physician oversight.

AMA Survey on Trust in Health Information

A recent survey highlights that Americans continue to trust physicians and medical organizations, like the AMA, for health information, despite declining confidence in federal health agencies. The AMA emphasizes its commitment to providing accurate, evidence-based guidance to patients.

MedPAC Recommends Medicare Physician Payment Increase

The Medicare Payment Advisory Commission (MedPAC) recommended that Congress increase Medicare physician payments by an additional 0.5 percent for 2027. The American Medical Association (AMA) welcomed the recommendation, highlighting the need for stable payments to protect patient access to care.

Accounting Standards Update 2025-08: Purchased Loans

The FASB has issued Accounting Standards Update 2025-08, amending Topic 326 (Credit Losses) concerning purchased loans. This update provides new guidance on accounting for credit losses on purchased loans, effective for fiscal years beginning after December 15, 2025.

FASB Accounting Standards Update 2025-12: Codification Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-12, which makes technical corrections and improvements to the FASB Accounting Standards Codification. This update aims to enhance clarity and consistency in accounting guidance.

ASU 2025-10: Government Grants Accounting for Business Entities

The FASB has issued ASU 2025-10, which provides new guidance on accounting for government grants received by business entities. This update introduces a new Topic 832 to the FASB Accounting Standards Codification, establishing a model for recognizing government grants. The guidance aims to align accounting practices for government grants with international standards.

Accounting Standards Update 2025-09: Hedge Accounting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-09, which provides improvements to hedge accounting. This update aims to enhance the accounting for derivatives and hedging activities under Topic 815.

Accounting Standards Update 2025-11: Interim Reporting Improvements

The Financial Accounting Standards Board (FASB) has issued Accounting Standards Update (ASU) 2025-11, which provides narrow-scope improvements to interim reporting under Topic 270. This update aims to refine existing guidance without introducing significant new requirements.

McCarran-Ferguson Restoration Act Reaffirms State Insurance Regulation

The National Association of Insurance Commissioners (NAIC) supports the introduction of the McCarran-Ferguson Restoration Act, which would abolish the Federal Insurance Office (FIO) and reaffirm state-based insurance regulation. The act also aims to grant voting status to a state representative on the Financial Stability Oversight Council (FSOC).

NAIC Auto Insurance Database Report 2022/2023

The National Association of Insurance Commissioners (NAIC) has released its 2022/2023 Auto Insurance Database Report. The report details national average premiums and incurred losses, noting a 14.42% increase in average premium per vehicle from 2022 to 2023.