Tag: billion

Lilly to buy gene-editing partner Verve for up to .3 billion in cardiac care push

Lilly to buy gene-editing partner Verve for up to $1.3 billion in cardiac care push

Eli Lilly to Acquire Gene-Editing Startup Verve Therapeutics for $1.3 Billion By Christy Santhosh and Sriparna Roy In…

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NASA Teams Up With India to Launch First-of-Its-Kind .5 Billion Satellite : ScienceAlert

NASA Teams Up With India to Launch First-of-Its-Kind $1.5 Billion Satellite : ScienceAlert

A groundbreaking new satellite, the NISAR satellite, is set to launch in just a few days from India's…

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Byron Allen, McDonald’s Reach Settlement in Billion Lawsuit

Byron Allen, McDonald’s Reach Settlement in $10 Billion Lawsuit

Byron Allen, the chief of Allen Media Group, has recently settled a $10 billion lawsuit that he filed…

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Qualcomm strengthens AI portfolio with .4 billion Alphawave deal

Qualcomm strengthens AI portfolio with $2.4 billion Alphawave deal

Qualcomm, a leading U.S. chipmaker, has recently announced its acquisition of Alphawave for approximately $2.4 billion. This strategic…

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Will Musk vs. Trump affect xAI’s billion debt deal?

Will Musk vs. Trump affect xAI’s $5 billion debt deal?

Elon Musk's Online Feud with Trump Could Impact xAI's Debt Sale The ongoing feud between Elon Musk and…

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Eliminating Waste, Fraud, and Abuse in Medicaid My Administration has been relentlessly committed to rooting out waste, fraud, and abuse in Government programs to preserve and protect them for those who rely most on them. The Medicaid program was designed to be a program to compassionately provide taxpayer dollars to healthcare providers who offer care to the most vulnerable Americans. To keep payments reasonable, billable costs for such care were historically capped at the same level that healthcare providers could receive from Medicare. The State and Federal Governments jointly shared this cost burden to ensure those of lesser means did not go untreated. Under the Biden Administration, States and healthcare providers were permitted to game the system. For example, States “taxed” healthcare providers, but sent the same money back to them in the form of a “Medicaid payment,” which automatically unlocked for healthcare providers an additional “burden-sharing” payment from the Federal Government. Through this gimmick, the State could avoid contributing money toward Medicaid services, meaning the State no longer had a reason to be prudent in the amount of reimbursement provided. Instead of paying Medicare rates, many States that utilize these arrangements now pay the same healthcare providers almost three times the Medicare amount, a practice encouraged by the Biden Administration. These State Directed Payments have rapidly accelerated, quadrupling in magnitude over the last 4 years and reaching 0 billion in 2024 alone. This trajectory threatens the Federal Treasury and Medicaid’s long-term stability, and the imbalance between Medicaid and Medicare patients threatens to jeopardize access to care for our seniors. I pledged to protect and improve these important Government healthcare programs for those that rely on them. Seniors on Medicare and Medicaid recipients both deserve access to quality care in a system free from the fraud, waste, and abuse, that enriches the unscrupulous and jeopardizes the programs themselves. We will take action to continue to love and cherish the Medicare and Medicaid programs to ensure they are preserved for those who need them most. The Secretary of Health and Human Services shall therefore take appropriate action to eliminate waste, fraud, and abuse in Medicaid, including by ensuring Medicaid payments rates are not higher than Medicare, to the extent permitted by applicable law. This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. DONALD J. TRUMP

Eliminating Waste, Fraud, and Abuse in Medicaid My Administration has been relentlessly committed to rooting out waste, fraud, and abuse in Government programs to preserve and protect them for those who rely most on them. The Medicaid program was designed to be a program to compassionately provide taxpayer dollars to healthcare providers who offer care to the most vulnerable Americans. To keep payments reasonable, billable costs for such care were historically capped at the same level that healthcare providers could receive from Medicare. The State and Federal Governments jointly shared this cost burden to ensure those of lesser means did not go untreated. Under the Biden Administration, States and healthcare providers were permitted to game the system. For example, States “taxed” healthcare providers, but sent the same money back to them in the form of a “Medicaid payment,” which automatically unlocked for healthcare providers an additional “burden-sharing” payment from the Federal Government. Through this gimmick, the State could avoid contributing money toward Medicaid services, meaning the State no longer had a reason to be prudent in the amount of reimbursement provided. Instead of paying Medicare rates, many States that utilize these arrangements now pay the same healthcare providers almost three times the Medicare amount, a practice encouraged by the Biden Administration. These State Directed Payments have rapidly accelerated, quadrupling in magnitude over the last 4 years and reaching $110 billion in 2024 alone. This trajectory threatens the Federal Treasury and Medicaid’s long-term stability, and the imbalance between Medicaid and Medicare patients threatens to jeopardize access to care for our seniors. I pledged to protect and improve these important Government healthcare programs for those that rely on them. Seniors on Medicare and Medicaid recipients both deserve access to quality care in a system free from the fraud, waste, and abuse, that enriches the unscrupulous and jeopardizes the programs themselves. We will take action to continue to love and cherish the Medicare and Medicaid programs to ensure they are preserved for those who need them most. The Secretary of Health and Human Services shall therefore take appropriate action to eliminate waste, fraud, and abuse in Medicaid, including by ensuring Medicaid payments rates are not higher than Medicare, to the extent permitted by applicable law. This memorandum is not intended to, and does not, create any right or benefit, substantive or procedural, enforceable at law or in equity by any party against the United States, its departments, agencies, or entities, its officers, employees, or agents, or any other person. DONALD J. TRUMP

MEMORANDUM FOR THE SECRETARY OF HEALTH AND HUMAN SERVICES THE ADMINISTRATORS OF THE CENTERS FOR MEDICARE AND MEDICAID…

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With .7 billion settlement, college sports’ big money era is officially here : NPR

With $2.7 billion settlement, college sports’ big money era is officially here : NPR

Starting this fall, NCAA Division I schools will be able to pay players directly up to a salary…

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Sanofi to buy US biopharma group Blueprint for up to .5 billion

Sanofi to buy US biopharma group Blueprint for up to $9.5 billion

Sanofi, a leading French pharmaceutical company, has recently announced its acquisition of U.S.-based Blueprint Medicines Corporation for up…

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Ayra Starr Reaches 1 Billion Views On YouTube

Ayra Starr Reaches 1 Billion Views On YouTube

Burna Boy’s success in France reflects the global appeal of his music, which seamlessly blends afrobeat, reggae, and…

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Students’ mental health imperiled by billion cuts to school funding

Students’ mental health imperiled by $1 billion cuts to school funding

“Early intervention is key when it comes to mental health challenges in children,” Arora explains. “Having services available…

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Rhode to Be Acquired by Elf Beauty for Billion

Rhode to Be Acquired by Elf Beauty for $1 Billion

Hailey Bieber's beauty brand, Rhode, has seen tremendous success since its inception in 2022. With a focus on…

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Travel spending from overseas tourists may fall .5 billion in 2025

Travel spending from overseas tourists may fall $8.5 billion in 2025

The tourism industry in the United States is facing a significant decline in spending from foreign visitors this…

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