One of the last remaining birthing units in southern Alabama is slated to close to qualify for federal funding that will save the hospital's emergency services.
With Federal Reserve Chair Jerome Powell expressing optimism that the uptick in inflation earlier this year was just a speed bump, the June reading will likely go a long way toward giving him and his colleagues the confidence they need to cut rates, likely starting in September.
Medicare wants to pay acute care hospitals $88.2 billion for outpatient services in 2025, about 2.6% more than in 2024 according to a Biden administration proposal released Wednesday.