Two Georgia hospitals on Wednesday were hit with federal financial penalties for failing to disclose their prices, marking the first such enforcement action taken under federal rules that have met with uneven compliance since taking effect in January 2021. The Centers for Medicare and Medicaid Services ( CMS ), which is responsible for enforcing the … Read more
Psychiatrists and psychologists once ran their own practices. Now the local therapist office could be controlled by a buyout king. Venture capitalists and private-equity firms are pouring billions of dollars into mental-health businesses, including psychology offices, psychiatric facilities, telehealth platforms for online therapy, new drugs, meditation apps and other digital tools. Nine mental-health startups have … Read more
Some hospitals grappling with rising nurse salaries are seeking to raise prices by up to 15%, touching off contract fights with health insurers and businesses and threatening higher premiums. Neither of the chains would specify the price increases they are requesting, but people familiar with negotiations say some hospitals are asking to increase their prices … Read more
Federal prosecutors have charged about 20 people in the past two weeks with allegedly engaging in various fraud schemes related to the Covid-19 pandemic that amounted to about $150 million in improper government payments, officials said. The charges come as the Justice Department steps up efforts to uncover theft from programs that were pumping billions … Read more
UnitedHealth Group Inc. posted higher revenue and profit for the first three months of 2022 and raised its full-year earnings outlook, as costs tied to Covid-19 dropped off and no signs emerged of major long-term health impacts due to care deferred during the pandemic. The healthcare and health-insurance giant, the first industry heavyweight to report … Read more
Coral reefs have an outsize influence on our planet. They occupy less than 1% of the ocean’s habitat but are home to a quarter of all marine species, which provide protein in the form of seafood for up to a billion people globally. The combined value of food, recreation and protection from storms attributed to … Read more
The health secretary says it would be “morally wrong” to put the burden onto future generations by borrowing the money. Source link
AerCap Holdings NV said it had filed $3.5 billion in insurance claims over more than 100 jetliners the company had rented to Russian airlines and that are now stuck in the country following the imposition of Western sanctions. The world’s largest aircraft-leasing company by value said it had rented 135 aircraft to Russian carriers, and … Read more
If you have ever taken out a credit card loan or purchased a car, you have probably been sold junk insurance that is practically useless to you. Motor vehicle dealers, insurance companies, and banks often add insurance or warranties without you even realising what they are for or if you can benefit from them. By … Read more
Warren Buffett’s Berkshire Hathaway Inc has struck an $11.6 billion deal to buy Alleghany Corp, the owner of reinsurer TransRe, just weeks after the 91-year-old billionaire bemoaned the lack of good investment opportunities. Alleghany adds to Berkshire’s already large insurance portfolio, which includes Geico auto insurance, General Re reinsurance and a unit that insures against … Read more