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01 Aug 2019

REITERMANN OUT AS SIEMENS HEALTHINEERS CONTINUES REORGANIZATION

  In the wake of the resignation of the president of diagnostics at Siemens Healthineers, Siemens Healthineers CEO Bernd Montag will assume responsibility for the Diagnostics business segment. Michael Reitermann, president of diagnostics, is leaving his position and will depart the company in September, a Siemens statement said July 31.

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17 Jul 2019

SENATE BILL TO CUT SURPRISE MEDICAL BILLS AND DRUG PRICES WOULD SAVE U.S. $7 BILLION

The nonpartisan Congressional Budget Office (CBO) says that Senate bill 1895 to tackle surprise medical bills and high drug prices would save the federal government about $7 billion over the next 10 years. The estimate released Tuesday could help the package’s chances for passage through the Senate by easing concerns over the impact

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16 Jul 2019

MEDICARE ADVANTAGE OVERBILLS TAXPAYERS BY BILLIONS A YEAR AS FEDS STRUGGLE TO STOP IT

          By Fred Schulte and Lauren Weber   Health insurers that treat millions of seniors have overcharged Medicare by nearly $30 billion the past three years alone, but federal officials say they are moving ahead with long-delayed plans to recoup at least part of the money. Officials have known for years

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12 Jul 2019

PAYER ANALYSIS: ‘CADILLAC TAX’ ON HIGH-COST HEALTH PLANS COULD AFFECT 1 IN 5 EMPLOYERS IN 2022

[/infobox]   A new KFF analysis estimates that the Affordable Care Act’s tax on high-cost health plans would affect one in five (21 percent) employers offering health benefits when it takes effect in 2022 unless employers change their health plans. An even larger share (31 percent) could be affected when workers’ voluntary

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26 Jun 2019

ROYAL PHILIPS SELLS U.S. HEALTHCARE headquarters

    Amsterdam-based Royal Philips sold its Andover, Mass.-based healthcare headquarters to Atlantic Management Corp. May 4 in a deal worth $36 million. Royal Philips has been transferring its 1,900 employees to facilities in Cambridge, Massachusetts, and Nashville, Tennessee, since January. Atlantic Management, which paid $36 million for the facility,

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