August Johansen looks through the glass door of the birthday venue while cradling a balloon on Dec. 9, 2023. He had inoperable brain cancer and depended on Medicaid to pay for full-time home nursing care from a private agency to help his mother take care of him throughout years of health crises. Last December, he became one of 810,000 children dropped from Texas’ Medicaid program…
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WASHINGTON A measure of inflation that is closely tracked by the Federal Reserve slipped last month in a sign that price pressures continue to ease. The government reported Friday that prices rose 0.3% from January to February, decelerating from a 0.4% increase the previous month in a potentially encouraging trend for President Joe Biden’ s re-election bid.
Prior authorization has long been a care and coverage bottleneck for all involved— patients, members, providers, and payers. In January 2024, the Centers for Medicare& Medicaid Services finalized requirements to streamline the prior authorization process; this proposed requirement will be enacted in January 2026. According to an American Medical…
Regina Hill faces up to 180 years in prison on seven felony charges of exploiting the elderly and fraud, the FDLE says.
The Department of Health and Human Services on Wednesday announced it has finalized regulations that make it easier for children to be enrolled and stay enrolled in federally subsidized health insurance programs, including Medicaid and the Children’ s Health Insurance Program, known as KidCare in Florida. Under the new rules, children who become uninsured…
Kaitlyn Cunningham sits in her wheel chair in the hallway of Cedar Park Regional Medical Center in Cedar Park, Texas on March 13. Cunningham and her mom Kathy Cunningham would walk down the hallway to look outside of the hospital windows at the birds. Credit: Maria Crane for The Texas Tribune Sign up for The Brief, The Texas Tribune’s daily newsletter that keeps readers up to…
Those of you around that age and reading this are probably well aware of the significance of that number: that's the official retirement age for Social Security— basically the age where you can receive full benefits. The first official government retirement age dates back to the late 19th century, when Germany introduced the first version of Social Security to…
The U.S. Federal Reserve plans to cut its benchmark interest rate three times, it said last week after meeting with members of its monetary policy committee. The total of the interest rate cuts would represent three-quarters of a percentage point. In other words, the members of the monetary policy committee expect this year to end with an interest rate at 4.6% per…
The disgraced cryptocurrency executive Sam Bankman-Fried is set to receive his prison sentence on Thursday. A federal jury in New York convicted Bankman-Fried of fraud late last year for stealing at least $10 billion from customers and investors. Bankman-Fried, also known as SBF, joins a long list of financial fraudsters in America people, perhaps most…
The dynamic held to form last week when the Federal Reserve stuck to its forecast of three rate cuts this year despite a worrisome inflation pickup in January and February. The outlook for the U.S. economy and corporate earnings has brightened considerably in the past few months. "I think the market is focused more on earnings and the economy than the Fed," says…
A former New Jersey resident was charged with various federal crimes last week after he allegedly scammed people out of millions of dollars in multiple scams, including an investment scheme in which he spent portions of the money on vacations and school tuition for his children. Princeton, with 14 counts of wire fraud, three counts of aggravated identity theft,…
A look at the timeline of Ken Paxton's securities fraud charges that have followed him from the Texas House to the state attorney general's office.
The judges Claudia Zalazar and Joaquín Ferrer evaluated whether the ordinary or federal courts had jurisdiction to resolve the case, since it was an abbreviated trial for damages arising from the dissociation of the defendant from the plaintiff, due to alleged misrepresentation of the sworn statement.
There's a popular meme floating around on social media that states, "I have enough money saved to live comfortably for the rest of my life. If I die by Thursday. " According to Vanguard's "How Americans Save 2023" report, the average retirement savings in the U.S. by age are as follows:.
The Federal Reserve stayed the course, announcing that it would do nothing with interest rates but still plans to begin reducing them sometime this year. On Wednesday, the central bank announced it would maintain the federal funds rate at 5.25% to 5.5%. Fed Chair Jerome Powell said that the central bank will continue to monitor inflation and other economic…
That was when investors became convinced the Federal Reserve was done raising interest rates. The Standard& Poor's 500 is up 27 percent since its Oct. 27, 2023, closing low. Fed Chairman Jerome Powell said on Wednesday the central bank still expects to cut rates this year, maybe as many as three times on the expectation inflation is sustainably on its way to 2% a year.
A federal judge in Texas dismissed charges Wednesday against a Hoboken man with hundreds of thousands of social media followers who was accused of participating in a“ pump and dump” stock market scheme, his attorneys said. The judge ultimately ruled his online conduct did not constitute a crime and concluded that Hennessey did not deprive investors of their…
A group of politically connected lawyers formed a venture to go after insurers and made millions from one of the largest Medicaid settlements in history. Above, Centene Corporation headquarters in Clayton, Missouri. (Jeff Roberson/Associated Press) .singleRepublisherRow {display:none;} Shalina Chatlani examined the health care system in Mississippi as a part of The New York…
The U.S. economy has been surprising the markets for quite some time. Although 2023 began with fears of recession as a result of higher interest rates- which generated serious problems in the banking industry-, the country has finally grown by 2.5%, with a stock market rise of almost 14%. Additionally, an eventual victory of Donald Trump, with his proposals for new…
