New Jersey’s health plan for school employees pays out-of-network providers virtually whatever they want. Dozens of acupuncturists and physical therapists earned more than $200,000 in 2018 from school staff alone. One brought in $1 million.
There’s a theme developing in the 2020 outlooks Wall Street analysts covering big pharma are putting out this week: next year is looking good for the sector. In a note out Wednesday morning, Morgan Stanley’s David Risinger upgraded his view on the industry to Attractive from In-Line.
Healthcare real estate has become a more widely recognized asset class by both the domestic and international investment community. That is according to panelists and attendees at the recent GlobeSt. Healthcare Real Estate Conference. In past years, sales of medical office buildings reached record highs despite uncertainty over healthcare reform, value-based reimbursement and changes to the healthcare delivery setting.
Throughout Florida and the nation, heartbreaking stories have been shared by patients who have received costly surprise medical bills from out-of-network hospitals and physicians. Such bills occur when insurance companies don’t include certain hospitals and physicians in their networks and when insurance companies underpay for out-of-network care.
Even as soaring insurance deductibles wreak financial havoc on millions of American families, some workers have managed to dodge the affordability crisis. In Boston, a labor union representing the city’s hotel workers offers its members health coverage with no deductible and family premiums just a tenth of the U.S. average.
New York Life is spending more than $6 billion in cash to buy the group life and disability coverage business of the insurer Cigna. The life insurer said Wednesday that the deal will add millions of customers to its business. It also gives Cigna Corp. cash to buy back stock and pare its debt.