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Banks count their blessings in recovery

2 hours ago

Three big banks posted their quarterly results Friday. And they were good. When you hear that profits at a bank like JPMorgan Chase were up almost 25 percent, you have to wonder: Why? Well, one reason is banks are making a lot more from you and me.

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For the first time since the Affordable Care Act became law in 2010, premiums are going down for most policies sold in the federally run exchanges. 

One reason 2019 premiums will be 1.5 percent lower? It has to do with how high they were in 2018. They increased by an average of 36.9 percent for 2018, said Larry Levitt, senior vice president of the Kaiser Family Foundation. 

"These premium decreases are really about returning excess profits," he said. 

Aric Toler isn't exactly sure what to call himself.

"Digital researcher, digital investigator, digital something probably works," Toler says.

Toler, 30, is part of an Internet research organization known as Bellingcat. Formed in 2014, the group first got attention for its meticulous documentation of the ongoing conflict in Ukraine. Toler used posts to Russia's equivalent of Facebook, VK, to track Russian soldiers as they slipped in and out of eastern Ukraine — where they covertly aided local rebels.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

Copyright 2018 NPR. To see more, visit http://www.npr.org/.

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