U.S. Supreme Court faults Medicare cuts to hospitals for outpatient drugs

This advertisement has not loaded yet, but your article continues below. Author of the article: Article content The U.S. Supreme Court on Wednesday ruled in favor of a group of nonprofit hospitals in their bid to restore billions of dollars cut by the government from their annual Medicare reimbursements since 2018. The unanimous ruling overturned…
U.S. Supreme Court faults Medicare cuts to hospitals for outpatient drugs

Author of the article:

Article content

The U.S. Supreme Court on Wednesday ruled in favor of a group of nonprofit hospitals in their bid to restore billions of dollars cut by the government from their annual Medicare reimbursements since 2018.

The unanimous ruling overturned a lower court’s 2020 decision that the U.S. Department of Health and Human Services (HHS) had the authority to reduce by $1.6 billion the yearly Medicare payments for outpatient drugs that had helped subsidize the operations of hospitals catering to the poor and uninsured. (Reporting by Andrew Chung in New York; Editing by Will Dunham)

Article content

Financial Post Top Stories

Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.

By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails. Postmedia Network Inc. | 365 Bloor Street East, Toronto, Ontario, M4W 3L4 | 416-383-2300

Read More

Total
0
Shares
Leave a Reply

Your email address will not be published.

Related Posts
Most Asian FX edge lower, South Korean won leads losses
Read More

Most Asian FX edge lower, South Korean won leads losses

Author of the article: The following table shows rates for Asian currencies against the dollar at 0204 GMT. CURRENCIES VS U.S. DOLLAR Currency Latest bid Previous Pct day Move Japan yen 123.790 123.92 +0.11 Sing dlr 1.362 1.361 -0.10 Taiwan dlr 28.871 28.828 -0.15 Korean won 1222.800 1219.5 -0.27 Baht 33.510 33.5 -0.03 Peso 51.500…
Oil Climbs as Russia’s Cut to Natural Gas Flows Escalates Crisis
Read More

Oil Climbs as Russia’s Cut to Natural Gas Flows Escalates Crisis

Author of the article: Bloomberg News Elizabeth Low and Alex Longley (Bloomberg) — Oil edged higher after Russia cut natural gas supplies to Poland and Bulgaria, escalating Europe’s energy crisis. West Texas Intermediate traded above $102 a barrel after gaining 3.2% on Tuesday. European gas prices surged as much as 24% Wednesday after Russia halted…
Dollar regains ground as volatility starts to fade
Read More

Dollar regains ground as volatility starts to fade

Author of the article: HONG KONG — The Aussie and Kiwi dollars on Wednesday, gave up some of their gains from the day before, as a rally in riskier asset classes began to lose steam, though moves were muted as traders started to head out for the holidays. The Australian dollar lost 0.3% to $0.7130…