DOJ brings lawsuit against Cigna for allegedly submitting $1.4 billion in false Medicare Advantage claims

Joseph B. Hash

The Division of Justice on Tuesday filed a lawsuit in opposition to well being insurer Cigna alleging that the enterprise submitted fraudulent Medicare Benefit promises to the Facilities for Medicare and Medicaid Expert services.

The fit promises that among 2012 and 2017 Cigna utilised improper diagnostic codes for well being ailments that its members did not have, ended up not recorded in professional medical records and ended up not primarily based on clinically reputable info. In excess of the study course of that time, CMS overpaid Cigna by far more than $one.four billion, in accordance to the DOJ.

“[Cigna] deliberately

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World Health Organization Projects $1.3 Billion Shortfall in Fighting Covid-19

Joseph B. Hash

The Earth Well being Organization says it is at the moment $1.3 billion small of what it expects it will need to have this year to struggle the coronavirus pandemic and is on the lookout for donors to fill the gap as the U.S. federal government threatens to minimize funding.

The WHO assignments that it will require all-around $1.7 billion to struggle the pandemic by the end of the year, but so considerably has raised a very little more than $400 million from governments and charitable corporations all-around the earth, in accordance to a new report from the corporation. An

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Taiwanese Chip Maker TSMC Confirms Plans for $12 Billion US Factory

Joseph B. Hash

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Taiwanese business warns that the US will need “forward-wanting investment guidelines to enable a globally aggressive environment”

Taiwan’s TSCM, the world’s major semiconductor maker, which presents laptop chip generating amenities for chip makers all more than the planet, has agreed to open a $12 billion fab (creation centre) in the US, amid sustained US strain to deliver silicon supply chains closer to household.

This facility, which will be crafted in Arizona, will use TSMC’s new 5-nanometer technologies for semiconductor wafer fabrication, have a 20,000 semiconductor wafer for each thirty day period capacity, and produce more than 1,600

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Hospitals get additional $20 billion infusion of CARES Act funds

Joseph B. Hash

The Division of Well being and Human Providers is providing hospitals one more $twenty billion in CARES Act funding and allocating the remaining $fifty billion to spend for the claims of the uninsured and to target COVID-19 hotspots, rural hospitals and Indian Well being Service services.

The very first wave of the $twenty billion for hospitals is anticipated to be sent on Friday.  This follows an original distribution of $thirty billion for hospitals and now totals 50 percent of the $one hundred billion earmarked for suppliers in the Coronavirus Assist, Aid, and Financial Protection Act.

Without having naming a figure,

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