You’re more likely to get a rebate if you have an individual policy or participate in a small- or large-group plan. About 7.9 million individuals are expected to qualify. Early estimates by insurers for whether their 2021 premiums will rise or fall have been all over the board.
Hospital Sisters Health System is laying off 10% of its workforce in Illinois and Wisconsin due to the coronavirus pandemic. When the pandemic hit earlier this year, it shifted the way patients could use health care services and HSHS saw a significant decline in the number of patients coming to its facilities.
New York's hospitals are warning the COVID-19 pandemic will cost them billions of dollars in revenue as patients remain fearful of returning to health care settings. The state Legislature held a hearing Wednesday on the coronavirus' ongoing impact on hospitals and the health care system, whose top leaders testified about a massive drop in revenue caused by a temporary ban on elective procedures and patients who remain wary.
The renewed Covid-19 outbreak and the aftershocks from the first wave of infections are forcing hospitals to make tough financial decisions as they prepare to absorb roughly $120 billion in losses through the second half of 2020.
A three-year, seven-state, $1.5 million investigation into dealings at Tulare Regional Medical Center has produced 40 felony charges against three executives of the hospital’s former management company. “We are grateful for the support and patience of the community, as well as the Tulare County Board of Supervisors during this unprecedented investigation.” — Tulare County District Attorney Tim Ward. The announcement of the charges was made Tuesday morning by the Tulare County District Attorney’s Office in a news release.
In a letter to employees Monday, the University of Texas Medical Branch Health system interim president, Dr. Ben Raimer, told employees that despite efforts to hold off on job reductions during the coronavirus pandemic, the new budget will call for cutting about 200 jobs. Raimer said there is a $174 million budget shortfall, due in large part to the financial crisis caused by the coronavirus pandemic.