Obamacare... Will Glitches Stand in the Way?
Obamacare opens to glitches across the country, but can the problems be overcome? Cook talks to the head of Florida's largest insurer about implementation in that critical state. Florida Blue Chairman & CEO Pat Geraghty says the rocky start is a not a surprise. "I'm not particularly surprised because the size of the list is enormous, and so we anticipated that the early weeks of this were going to be bumpy and that we'd get through that," Geraghty says. Florida Blue covers nearly 300,000 individuals in the state right now. Geraghty expects that number to grow to 375,000 in the first year of the health care law. (Source: Bloomberg)
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Bill Gross, Pimco Said to Settle Suit Over His Departure
54:30 - Bill Gross and Pacific Investment Management Co. are reported to have settled a breach of contract suit filed in 2015 by Gross after his ouster from the company the previous year. Bloomberg's Vonnie Quinn reports on "Bloomberg Markets: European Close." (Source: Bloomberg)