Tag: payment

FV Bank unveils virtual accounts for payment automation

FV Bank unveils virtual accounts for payment automation

FV Bank, a leading US-regulated digital bank specializing in traditional and digital asset banking services, has rolled out…

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Nuvei launches direct payment acquiring in Canada

Nuvei launches direct payment acquiring in Canada

Nuvei, a Canadian fintech firm, has recently launched its direct payment acquiring service in Canada, allowing businesses in…

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Chicago man killed 3 concrete workers in a dispute over ,300 payment: prosecutors

Chicago man killed 3 concrete workers in a dispute over $2,300 payment: prosecutors

A Chicago Man Extradited from Mexico Faces Charges in Triple Murder Case After a long legal battle, Vilmer…

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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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Court denies Apple’s request to pause ruling on App Store payment fees

Court denies Apple’s request to pause ruling on App Store payment fees

A recent ruling by a U.S. court has dealt a blow to tech giant Apple, denying the company…

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Coinbase said cyber crooks stole customer information and demanded million ransom payment

Coinbase said cyber crooks stole customer information and demanded $20 million ransom payment

Coinbase, the leading cryptocurrency exchange based in the U.S., made a shocking announcement on Thursday. The company revealed…

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Viral outrage over Apple’s EU payment warnings misses key fact

Viral outrage over Apple’s EU payment warnings misses key fact

Apple has clarified that the warning messages displayed next to EU App Store listings that use third-party payment…

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All the AI you’ll ever need for a one-time payment of .99

All the AI you’ll ever need for a one-time payment of $99.99

1min.AI is the ultimate solution for anyone who feels overwhelmed by the multitude of apps, subscriptions, and tools…

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HSBC launches Trump tariff payment process for US clients

HSBC launches Trump tariff payment process for US clients

HSBC Introduces TradePay for Import Duties to Help U.S. Clients Navigate Tariff Hikes In response to the recent…

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Apple approves Spotify app update that allows U.S. users to access pricing info, external payment links

Apple approves Spotify app update that allows U.S. users to access pricing info, external payment links

Apple Approves Spotify's App Update Allowing Pricing Information and External Payment Links Spotify announced on Friday that Apple…

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Liam Gallagher ‘Out to Crush Ex-Lover Over Support Payment Case’

Liam Gallagher ‘Out to Crush Ex-Lover Over Support Payment Case’

Eighty-five-year-old Feldman’s firm has a long history of handling high-profile cases in the entertainment industry. Some of the…

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US Supreme Court Won’t Let Trump Withhold Payment To Foreign Aid Groups

US Supreme Court Won’t Let Trump Withhold Payment To Foreign Aid Groups

A divided U.S. Supreme Court on Wednesday declined to allow President Donald Trump's administration to withhold payment to…

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