Blue Cross Blue Shield of Michigan on Thursday announced that more than 500 employees have taken buyouts, and another 600 positions are being eliminated as the state's largest health insurance company looks to shed $285 million in administrative costs by year's end following two consecutive years of losses. The Detroit-based insurer said it eliminated more than 600 nonunion positions across the organization this week, laying off 220 employees and axing more than 400 open jobs.
UnitedHealth Group's investors have profited from its sky-high coverage denial rates. Now, as the company faces mounting public pressure to approve more patient care, they are suing to stop the insurer from changing its 'corporate practices.'
Physicians are divided over how the massive Republican budget bill moving through Congress would insulate doctors from future Medicare cuts without continuing financial incentives to provide better care through alternative payment models.
Lawmakers on both sides of the aisle are raising concerns and seeking investigations in the wake of Guardian reporting on whistleblower claims about practices within UnitedHealth Group's nursing home partnership programs.
Federal research funding cuts pose an 'existential threat' to academic medicine that will have repercussions for patient care in the U.S., according to a new report from the Association of American Medical Colleges, highlighting what it calls significant damage already done to the nation.
A Medicare proposal some Republicans want to include in their sweeping megabill has the backing of a key Democratic senator — though he doesn’t want it included in the party-line package. Sen. Jeff Merkley of Oregon said in a statement that he stands behind the No UPCODE Act, a bill co-sponsored with Louisiana Republican Bill Cassidy that tackles tools Medicare Advantage plans use to get higher payments from the federal government — calling it 'common sense' that health insurers 'shouldn't be allowed to overcharge taxpayers for the care they deliver.'