For 24 years, Karen Bradley worked as a nurse at St. Clare's Hospital in Schenectady, N.Y. The pay wasn't great, she says, but it was a good hospital, the place where her father once worked as a pharmacist. Bradley thought that if she stayed she'd have a nice pension for retirement. "I enjoyed what I did there and believed in the promises that were made about the pension," she says.
President Donald Trump will be talking about health care this afternoon, pulling the industry into the battle over his political future. The president will issue an executive order on Medicare that could bump up health-care stocks a bit.
A newly released report by Johns Hopkins University, Hospital Prices in the United States: An Analysis of U.S. Cities and States, shows that seven out of ten of the states with the highest health care mark up ratios are in the south - including Florida. Health News Florida's Daylina Miller spoke with Dr. Marty Makary is a Johns Hopkins surgeon, New York Times bestselling author, and Health Policy Advisor to the Obama and Trump administrations about the report, which featured information published in his book, "The Price We Pay."
BJC HealthCare, the area’s largest employer, announced plans Wednesday to increase its minimum hourly pay to $15 per hour. The new rate is a nearly 50% increase from the organization’s current minimum rate of $10.10 per hour.
Highmark Blue Cross Blue Shield of Delaware will decrease its Obamacare marketplace rates by 19% — the first time in the state's history that Affordable Care Act rates will drop. Insurance Commissioner Trinidad Navarro credits the double-digit drop to the state's reinsurance program, which will cover some of the most expensive medical claims of Obamacare enrollees starting in 2020. It is designed to stop insurers from increasing premiums for everyone else.
The health-care sector just closed out a third straight month in the red, its longest losing streak in three years. A fourth monthly decline would be its worst stretch since 2011, and one trader says there could be more pain ahead.