Insys Therapeutics Inc. shares sank after the company warned that it may seek bankruptcy protection after bleeding tens of millions of dollars on legal settlements and defending former executives convicted of bribing doctors to prescribe a powerful opioid.
Two years ago, 36-year-old Lindsay Clark was facing a terrible decision. Her 2-year-old daughter Lily had gotten into a small bottle of the anti-nausea drug Dramamine. “It had a child lock on it, but I caught her sitting there with a bunch of white stuff in her mouth,” Clark says. “I immediately swept her mouth with my finger, but I wasn’t sure how many pills she ate.”
Susan Martinez was achy, had a persistent cough and felt worn out — she nearly fell asleep driving home from work. Still, she debated whether she should see a doctor. Martinez, who’s also caring for her dying husband, is uninsured.
Electronic medical or health records (EMRs) are the computer programs now in almost every doctor’s office. They have become not a boon — but a bane — for both doctor and patient, and boondoggle to the tune of $36 billion dollars of federal (our) money.
Astria Health, an operator of three hospitals and dozens of outpatient clinics, filed for bankruptcy Monday, saying the outsourcing of its collection work has been mired in problems and has led to a cash crunch. The nonprofit regional health-care system, which is based in Sunnyside, Wash., and generates $240 million in annual revenue, sought protection from creditors in U.S. Bankruptcy Court of Spokane and Yakima, owing more than $160 million in debt.
The U.S. government Opens a New Window. could be significantly overpaying insurers that provide Medicare Opens a New Window. coverage to older Americans. Medicare Advantage plans are offered by private insurers – who were approved by Medicare – and include bundled Part A, B and sometimes D coverage.