As per lobby groups from medical device makers, the re-imposition of the levy stiffles will once again stifle growth in the sector and slash jobs. Despite opposition from the medical manufacturing industry and a section of U.S. lawmakers, the U.S…. Read More ›
Obamacare
Uncertainty in the healthcare business making insurers nervous
The political rumble and the lack of clarity in the future course of the U.S. healthcare system is unnerving insurers. Having repeatedly urged Republican senators to try and undo his predecessor’s healthcare law, in a tactical shift U.S. President Donald… Read More ›
Insurance companies staring at the vacuum of cost-sharing subsidies
Pegged at $7 billion for 2017 and $10 billion for 2018, cost sharing subsidies are key to the survival of insurance companies. Without them, insurers say they will be forced to raise insurance premium rates by at least 20% next… Read More ›
Starbucks to hire 10K refugees from 75 countries spread across 5 years
Initially, those who have acted as support staff for U.S. troops stationed abroad are likely to be recruited. Two days after U.S. President Donald Trump issued his executives order which banned refugees from certain countries, Starbucks Corp’s CEO, Howard Schultz… Read More ›
Aetna’s $34 billion acquisition of Humana violates antitrust law – U.S. Justice Department
According to the Justice Department, the acquisition violates antitrust law since it adversely affects the insurance of individuals who are covered under Obamacare and the disabled who are on Medicare. However, changes to these laws are on the anvil with… Read More ›