Montrose Regional Health laid off 34 employees Monday, citing a gaping chasm between what private insurers have not paid and the operating expenses it can no longer cover through its savings. With 43 positions that were not filled when vacated, the total reduction in workforce is 77. The decision had to be made despite overall growth in patient loads and…
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A Superior Court judge denied the State Health Plan's request for a temporary restraining order against Atrium Health's "Affordability Program" on Tuesday. While other legal pathways continue to be explored, the Plan is now forced to consider all options to keep the Plan solvent for 2027 and beyond, which includes having to raise all member premiums, whether…
–Federal regulators fined Bank of America $1.21 billion Tuesday after finding it failed to quickly report more than $5 billion in suspicious transactions and relied on others to catch what its own systems missed. At the agency's request, Bank of America reviewed those accounts and filed suspicious activity reports covering hundreds of millions of dollars…
WASHINGTON, Oct. 13– The Federal Reserve System issued the following action in the Federal Register. The public portions of the applications listed below, as well as other related filings required by the Board, if any, are available for immediate inspection at the Federal Reserve Bank indicated below and at the offices of the Board of Governors.
UnitedHealth Group is gaining steam on a turnaround as it heads into a critical enrollment season for its Medicare Advantage business. The Eden Prairie- based health care giant reported third quarter results Tuesday that surpassed profit expectations, showing ongoing progress under chief executive Stephen Hemsley toward profitability growth that made…
Corebridge Financial today announced the launch of Progressive Trigger, a first-of-its-kind index annuity interest-crediting strategy designed to help customers preserve future growth potential despite a down year. “Protection from market downturns has always been one of the defining benefits of index annuities,” said Bryan Pinsky, President of…
A former public defender from western Iowa has been sentenced to five months in prison for defrauding Medicaid and cancer patients. In June, a federal grand jury in Nebraska charged Iowa- licensed attorney Cassi Wigington with healthcare fraud. She then sent bills for the undelivered devices to various insurers, including Medicaid, Blue Cross-Blue Shield,…
SARASOTA— Sarasota Memorial Health Care System has notified its patients with UnitedHeathcare Medicare Advantage plans that they may not have coverage for treatment rendered after Dec. 31. All of SMHCS' providers— its two hospitals, in Sarasota and Venice; its outpatient and urgent care centers; and all First Physicans Group practices— would be considered out…
Major insurers, like UnitedHealth, Centene and state Blue Cross plans, have shuttered plans that they viewed as unprofitable in certain markets, leaving some people with fewer choices of policies, and even more limited choices of doctors in 2027. In some rural counties from Oregon to New Hampshire, older Americans shopping for private Medicare Advantage plans…
The New Mexico Office of Superintendent of Insurance has approved 2027 health insurance premium rates for the small group health insurance market. The carriers offering small group coverage in New Mexico in 2027 are:. ·Blue Cross Blue Shield of New Mexico· Presbyterian Health Plan· Presbyterian Insur- ance Company· UnitedHealthcare of New Mexico·…
Imagine receiving a phone call reminding you about a doctor's appointment you never scheduled or seeing a charge for medical equipment you never received. Situations like these can be warning signs of fraud and reminders that healthcare resources must be protected. Behind every healthcare dollar is a real person seeking care, filling a prescription,…
A federal court jury in Manhattan on Wednesday found a Maryland man guilty of hacking a cryptocurrency exchange and stealing more than $50 million. Jonathan Spalletta, 36, of Rockville, was convicted on one count of computer fraud and one count of money laundering for hacking the Uranium Finance exchange twice in 2021, the Office of the U.S. Attorney for the…
WALLINGFORD– An East Granby man arrested in connection with a fraudulent check cashing scheme used an Ansonia bank, an international cryptocurrency website and a Chime account to launder and transfer illegally obtained money, according to the warrant for his arrest. During arraignment Wednesday at state Superior Court in Meriden, Collins, who is accused of…
Tom Barkin, president and CEO of the Federal Reserve Bank of Richmond, will serve as the featured speaker at the chamber's Power in Partnership breakfast on Oct. 15, at 7:30 a.m. at Trinity Oaks. He serves on the Federal Open Market Committee, the Federal Reserve's chief monetary policy body, and is also responsible for the Richmond Fed's bank supervision and the…
The Federal Emergency Management Agency is proposing changes to the Flood Insurance Rate Map in Howard County, which could mean some property owners will have to purchase flood insurance. Changes in the map stretch across the county, with residents who have a portion of their property in the new 100- year floodplain receiving a letter from Howard County.
CHEYENNE— The Health Insurance Affordability Task Force discussed models Tuesday that could reduce the cost of health insurance in Wyoming, in addition to unanimously agreeing that the task force should continue its work after next year’ s legislative session. The model presented by Wyoming Department of Health Deputy Director Franz Fuchs would be a major…
According to the Best’ s Market Segment Report,“ Market Segment Outlook: Indonesia Non-Life Insurance,” regulatory measures continue to strengthen the segment’ s financial resilience and risk management while specific steps aimed at managing medical inflation are expected to benefit the country’ s domestic health insurance sector. “We expect prospective…
2026 OCT 07– By a News Reporter-Staff News Editor at Hospital& Nursing Home Daily– Research findings on cancer are discussed in a new report. The news reporters obtained a quote from the research from University of Edinburgh:“ Medical nutrition therapy can translate nutrition screening into individualized dietary counseling, symptom-responsive support,…
Minneapolis- based Fairview Health Services is suing UnitedHealthcare, alleging the nation's largest health insurer is falsely advertising its 2027 Medicare Advantage plans by including Fairview hospitals and clinics in its network. The lawsuit, filed in federal court in Minnesota, comes after Fairview chose not to renew its contract with…
