Tag: payments

UBS grants ‘goodwill payments’ to clients hit by Trump trading losses

UBS grants ‘goodwill payments’ to clients hit by Trump trading losses

Unlock the Editor’s Digest for free Roula Khalaf, Editor of the FT, selects her favourite stories in this…

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Belgian banks join European Payments Initiative to expand Wero wallet across Europe

Belgian banks join European Payments Initiative to expand Wero wallet across Europe

Belgian banks are making a big move in the world of digital payments by joining the European Payments…

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Kraken rolls out peer-to-peer payments app

Kraken rolls out peer-to-peer payments app

Cryptocurrency exchange Kraken has recently introduced Krak, a revolutionary peer-to-peer (P2P) payments app designed to facilitate seamless cross-border…

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UK merchants seek alternatives to costly payments: Yapily report

UK merchants seek alternatives to costly payments: Yapily report

Businesses in the UK are increasingly looking for cost-effective and secure payment methods, as highlighted in a recent…

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Homebuyers’ Down Payments Shrink For The First Time In Two Years, Even As Prices Rise

Homebuyers’ Down Payments Shrink For The First Time In Two Years, Even As Prices Rise

The latest report from Redfin (NASDAQ: RDFN) reveals a surprising trend in the housing market - the typical…

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Analysis-Under shadow of Trump warning, Africa pioneers non-dollar payments systems

Analysis-Under shadow of Trump warning, Africa pioneers non-dollar payments systems

Africa's move towards developing local currency payments systems is gaining momentum, offering the potential for more cost-effective trade…

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Treasury Secretary Scott Bessent Warns Gavin Newsom Could Face Criminal Charges for Threatening to Withhold Federal Tax Payments |

Treasury Secretary Scott Bessent Warns Gavin Newsom Could Face Criminal Charges for Threatening to Withhold Federal Tax Payments |

Accusations Fly Between Treasury Secretary and California Governor Treasury Secretary Scott Bessent has leveled a serious charge against…

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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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RevenueCat and Paddle team up to help app developers profit from web payments

RevenueCat and Paddle team up to help app developers profit from web payments

Payments and Subscription Infrastructure Providers Paddle and RevenueCat Partner to Launch Alternative to Apple’s In-App Purchases Payments and…

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Spotify says support for external payments on iOS has already boosted subscriptions

Spotify says support for external payments on iOS has already boosted subscriptions

Spotify Sees Boost in Premium Subscriptions Following Apple's Compliance with Injunction Following a recent court ruling in favor…

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Incoming DOJ Investigation? Trump Demands Investigation Into Kamala Harris’s “Illegal Payments” to Bruce Springsteen, BeyoncĂ©, Oprah and Bono for Endorsements Disguised as “Entertainment” |

Incoming DOJ Investigation? Trump Demands Investigation Into Kamala Harris’s “Illegal Payments” to Bruce Springsteen, BeyoncĂ©, Oprah and Bono for Endorsements Disguised as “Entertainment” |

Former President Donald Trump is demanding a thorough investigation into what he alleges is a significant illegal scheme…

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Uber wins multimillion-pound reprieve on disputed UK tax payments

Uber wins multimillion-pound reprieve on disputed UK tax payments

Unlock the Editor's Digest for free Roula Khalaf, Editor of the FT, selects her favorite stories in this…

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