Insurer for Dodgers owner Mark Walter cutting up to $6.5 billion in investments as fraud investigations escalate
Mark Walter’s Company to Reduce Investment Amid Investigation Mark Walter’s holding company, TWG Global, announced on Tuesday that it intends to reduce its financial stake in the billionaire’s business by as much as $6.5 billion. This decision comes in light of increasing scrutiny regarding his financial practices. As part of this adjustment, TWG Global has […]
‘It’s always challenging to remove a benefit’: CEO of a major Massachusetts health insurer talks about the decision to limit GLP-1 weight-loss medications.
Interview with Patrick Gilligan: Reflections and Future Insights In a recent conversation, Patrick Gilligan discussed his initial year at Point32Health and shared his expectations for the rest of 2026. This interview has been shortened for clarity. Q: What do you believe is central to the current challenges facing the health system? Answer: Well, it’s been […]
Taxpayers may have to pay millions for outstanding bills from insurer Wellpoint Texas, according to Harris Health.
Harris Health Files Lawsuit Against Insurance Company HOUSTON, Texas — Harris Health has launched a federal lawsuit claiming that one of its insurance providers owes the public hospital system a significant amount in unpaid medical claims. The county contends that these costs could eventually be borne by taxpayers. The suit has been filed in federal […]
UnitedHealth exceeds quarterly expectations and raises profit forecast as the insurer handles rising medical expenses.
UnitedHealth Group Reports Strong First Quarter On Tuesday, UnitedHealth Group announced a surprisingly robust profit for the first quarter, prompting the company to revise its profit outlook for 2026 upwards. They’re aiming to control high medical costs and enhance their operations. The largest private insurance provider in Japan has adjusted its expected earnings to at […]
Health System and Insurer Dispute Leaves Patients Uncertain as Agreement Ends Due to Unreasonable Requests
Health systems and insurers are at an impasse over new contracts, resulting in some patients being left outside their networks. PORTLAND, Ore. — Starting Wednesday, many patients in the Portland-Vancouver area are experiencing changes to their insurance coverage due to a lack of agreement between Legacy Health and Regence. This marks the second significant disagreement […]
Providence Oregon CEO Talks About “Joint Decision” With Insurer to Limit Access to Specialty Care
Changes to Medicaid Network Impacting Portland Residents Recent reports indicate that a significant segment of low-income residents in Portland is losing access to important Providence health system specialty jobs due to alterations in the Medicaid insurance network that started this month. CareOregon, which administers the affected plans, claims its broader provider network can handle these […]
Hospital and health insurer clash over contract, leaving patients in the middle. Current situation.
Unresolved Contract Talks Leave Patients in Limbo Negotiations between a prominent health care provider in Connecticut and a major insurance company are still at a standstill, weeks after the expiration of existing policies. This situation has left the care of around 15,000 patients uncertain, with individuals feeling caught in the middle of the conflict. Experts […]
Insurer Will Pay Millions for Not Correcting Mistakes That Made Accessing Mental Health Care Difficult for Customers
EmblemHealth Settles for $2.5 Million Over Mental Health Care Issues One of New York’s major health insurers, EmblemHealth, is facing a hefty fine after failing to fix ongoing problems that hindered customers from accessing mental health care. This week, the company agreed to a $2.5 million settlement. The New York State Attorney General’s Office highlighted […]
New York Archdiocese claims Chubb insurer is being deceptive regarding sexual abuse cases
The Archdiocese of New York has accused its insurance provider, Chubb, of running a “shadow campaign” against the church, claiming it’s acting as a front for a victims’ rights group focused on sexual abuse cases. This explosive claim of “fraud and sabotage” is included in a lawsuit the archdiocese has filed against Chubb, which is […]
US suggests a small increase in 2027 Medicare insurer payments, stocks decline.
On January 26, the United States government announced a proposed average payment increase of 0.09% for private insurers managing Medicare Advantage plans for the upcoming year. Following this news, shares of companies like UnitedHealth saw a drop of over 10%. Other companies in the sector, such as CVS Health and Humana, also faced declines in […]