Federal officials repeatedly raided a fund earmarked for biomedical research in the years leading up to the covid-19 pandemic, spending millions of dollars on unrelated salaries, administrative expenses and even the cost of removing office furniture, according to the findings of an investigation into a whistleblower complaint shared with The Washington Post.
Opponents of “Medicare for all” and other single-payer insurance systems routinely decry what they call “socialized medicine,” insisting that private companies can do a better job of providing affordable treatment than a government entity.
A blank-check acquisition firm backed by veteran investment banker Alan Mnuchin is in talks to merge with digital health startup Sharecare Inc and take it public, people familiar with the matter said on Tuesday.
The state’s largest health system shouldn’t be focused on rebuilding a big Upper East Side hospital, say local activists, who point to COVID’s disproportionate impact on communities of color and outer borough residents.
Erlanger Health System CFO Britt Tabor reported at Monday’s Budget and Finance Committee meeting that the total net income from operations for the first six months of the fiscal year ending on Dec. 31 is $19,472,219 compared to a budgeted loss of $9,844,456 and prior year loss of $8,644,660.
The region’s 25 hospitals paid out more than $100,000 in total compensation to 116 executive or administrative leaders during 2019, the most recent year for which data is available. That group included 47 executives who earned more than $400,000 and four who topped the $1 million mark.