U.S. stocks dropped sharply Monday even after the Federal Reserve slashed its benchmark interest rate to near zero, reflecting investors’ concerns that the emergency measures may not be enough to ward off a coronavirus-induced recession.
House Democrats and the White House are patting themselves on the back for passing a coronavirus relief bill late Friday that most Members didn’t even have time to read before voting 363-30 in favor. Let’s hope that, in the name of helping workers, the bill doesn’t create permanent new burdens on the businesses that employ them.
With New York state confronting a $6.1 billion budget deficit, the state is facing severe cuts to Medicaid, a program that serves as a lifeline to millions of New Yorkers living with significant physical and behavioral health challenges. Gov. Andrew Cuomo has convened a "Medicaid Redesign Team" to identify billions in savings without harming care.
The president of Lifespan said Thursday that the hospital network has eliminated hundreds of positions through a combination of voluntary early retirement and layoffs. President and CEO Timothy Babineau said 216 employees took the early retirement and will leave Lifespan on March 28.
Advocate Aurora Health, a 28-hospital system spanning Illinois and Wisconsin, said Thursday that it is temporarily "refraining from sending patient bills related to coronavirus as we continue to work with regulatory and industry officials to navigate this developing situation."