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  • SIOUX FALLS, S.D.— The U.S government on Monday threatened to cut off Medicare and Medicaid funding to a government-run hospital in Sioux Falls— the third South Dakota hospital serving Native Americans that's been found to have serious deficiencies in recent months. Inspectors with the Centers for Medicare and Medicaid Services, which administers the...

  • LITTLE ROCK, Ark.— Arkansas Gov. Asa Hutchinson has signed an agreement with the nursing home industry that's aimed at saving more than $250 million in Medicaid spending on long-term care for the elderly over the next five years. The Republican governor on Friday signed a memorandum of understanding between the state and the Arkansas Health Care Association,...

  • NEW YORK— A joint effort of the Sarasota Herald-Tribune and the Tampa Bay Times exposing treacherous and violent conditions in Florida's state-funded mental hospitals won top honors in the 2016 Associated Press Media Editors Innovation in Journalism Awards. The Herald-Tribune also won the International Perspective Award and the Community Engagement...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • May 10- The U.S. Attorney's Office for the Southern District of New York is investigating contracts between drugmakers and companies that manage prescription benefits, according to regulatory filings. Federal prosecutors have approached at least three companies, including Johnson& Johnson, Merck& Co and Endo International Plc, demanding information about...

  • The HCR ManorCare business has been a nagging worry for HCP ever since the U.S. Department of Justice sued the unit in April last year over its billing practices. The spinoff will lead to a "new portfolio where private-pay increases to 95 percent from 80 percent," Mizuho Securities analyst Richard Anderson wrote in a note. Skilled nursing facilities, which provide...

  • DIY kit to test if your kid will be a pro-athlete

    Bento Lab lets the average consumer perform genetic experiments on their own.

  • These services are covered under Medicare and Medicaid programs. After the spinoff, HCP expects to have more than 860 properties, generating annual portfolio income of about $1.4 billion, the company said on Monday. Mark Ordan, who has joined HCP as senior adviser, will be the chief executive of the new company.

  • May 9- HCP Inc said it would spin off its skilled nursing and assisted living properties into an independent, publicly-traded real estate investment trust. The company said on Monday that the spinoff would allow it to focus on core businesses- senior housing, life science properties and medical offices. After the spinoff, HCP expects to have more than 860...

  • What needs to be in your will

    Having a will is just as important for ordinary folks as it is for multi-millionaires--and failing to organize your estate is a major financial mistake for anyone. CNBC’s Sharon Epperson offers simple steps to help you set up your will.

  • "The first quarter was another quarter of solid volume growth for the company," HCA Chief Operating Officer Sam Hazen said on a conference call. Newly insured patients stepped up visits to the doctor following the creation of insurance marketplaces and the expansion of the Medicaid program for the poor under President Barack Obama's 2010 healthcare reform...

  • *Co adjusts 2016 Medicaid MBR view, keeps Medicare view. The amount WellCare spent on medical claims out of the premiums it earned, a key measure of costs known as medical benefits ratio, decreased in both the company's Medicaid and Medicare businesses. The drop in WellCare's MBR also eased concerns after some hospitals reported an increase in Medicare volumes,...

  • The slowdown followed a busy period for doctors tied to the creation of insurance marketplaces and the expansion of Medicaid coverage for the poor under President Barack Obama's healthcare reform law, known as the Affordable Care Act. Net income attributable to HCA rose to $694 million, or $1.69 per share, in the three months ended March 31, from $591 million, or...

  • The slowdown followed a busy period for doctors tied to the creation of insurance marketplaces and expansion of Medicaid coverage for the poor under President Barack Obama's healthcare reform law, known as the Affordable Care Act. We still have tailwinds, "Tenet Chief Executive Trevor Fetter said in an interview. No. 2 U.S. hospital operator Community Health...

  • Tenet's hospitals have seen a boost in business from the influx of newly insured patients who bought coverage through the exchanges, created as part of President Barack Obama's national healthcare law. Daniel Waldmann, Tenet's senior vice president of public affairs, downplayed the impact of UnitedHealth's decision, saying insurers can be expected to make...

  • Express Scripts, the nation's largest pharmacy benefit manager, is discussing the changes with its customers at an annual meeting in Florida today, Chief Medical Officer Steve Miller said in an interview. Last year, the sudden 5000 percent price hike by Turing Pharmaceuticals for Daraprim, an anti-infective treatment for a rare disease, caught hospitals and...

  • Pharmacy

    The pharmacy benefits manager is looking to partner with retail pharmacies that do the best job at keeping diabetes patients healthy.

  • Sen. Collins: Valeant's pricing problem

    Sen. Susan Collins, (R-Maine), discusses Valeant's drug pricing practices and why the company was brought before Congress for testimony.

  • Centene health checkup: CEO

    Michael Neidorff, Centene Corp. chairman & CEO, discusses how his company has benefited from Obamacare.

  • NEW YORK, April 26- New York City's Mayor Bill de Blasio announced a $82.2 billion budget plan for the 2017 fiscal year on Tuesday, and promised an overhaul of the city's ailing public hospitals that treat large numbers of undocumented patients. De Blasio, who hails from progressive circles of the Democratic Party, took office in 2014 after winning a landslide...