New Jersey to erase $100M of medical debt
Nearly 50,000 residents will see their debt forgiven. The initiative comes as other states and federal regulators have moved to lessen the burden of medical debt.
Molina extends CEO Joe Zubretsky’s contract through 2027
Zubretsky also received a stock grant that will vest at the end of 2027 if the company meets financial targets. The shares would be worth nearly $51 million based on Molina’s stock price at market close on Tuesday.
Companies aren’t as resilient against cyber risks as they think
The ability to recover from catastrophic IT and security incidents has taken on added significance in the wake of the February ransomware attack against Change Healthcare.
Judge strikes down FTC noncompete ban nationwide
Obviating the ban has big implications for U.S. healthcare, an industry that frequently relies on noncompetes to lock medical workers into employment agreements with hospitals, insurers and other employers.
Large employers forecast 7.8% hike in health costs next year, thanks to rising pharmacy spend
The growing burden of pharmaceuticals is expected to be the primary driver of higher healthcare spending in 2025, mostly due to expensive GLP-1 drugs in demand for weight loss, according to the Business Group on Health.
FTC noncompete ban suffers another blow
The ruling — which applies only to one Florida-based real estate broker — comes just weeks before the ban is slated to take effect.
McLaren Health Care hit by ransomware attack again
Disruptions at the Michigan-based health system are expected to last through this month, McLaren said Friday. The provider was also hit by a ransomware attack last year.
Humana pays $90M to settle whistleblower allegations of Medicare Part D fraud
The insurer, which did not admit wrongdoing, agreed to the settlement on the eve of a jury trial.
Massachusetts makes deal to force Steward hospital sales
Gov. Maura Healey’s office has brokered agreements for Steward to sell five hospitals to other operators, ensuring they’ll remain open as the health system’s bankruptcy proceedings drag on.
Court strikes down HHS change to low-income payment formula in win for Texas hospitals
The case centered on whether patients who receive funds from a pool of state funding for uncompensated care could be included in calculating hospitals’ disproportionate share funding.