The government plans to aggressively audit Medicare Advantage plans for overbilling but may face lawsuits.
Category: Regulation and Deregulation of Industry
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New Medicare Rule Aims to Take Back $4.7 Billion From Insurers
The New York Times – Business: -
Netherlands and Japan Said to Join U.S. in Curbing China’s Access to Chip Tech
The New York Times – Business:A new agreement is expected to expand the reach of U.S. technology restrictions on China issued last year.
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Easy to Use, Mobile Payment Apps Are Also Easy to Misuse
The New York Times – Business:While they have taken steps to help prevent mishaps, a new report finds they offer few protections if, for instance, users accidentally send money to the wrong person.
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A Federal Court Blocks California’s New Medical Misinformation Law
The New York Times – Business:California’s law sought to punish doctors who give patients false information about Covid-19.
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FDA Seeks More Authority to Oversee CBD Products
The New York Times – Business:The agency wants Congress to intervene, saying it does not have adequate oversight powers to ensure the safety of the myriad cannabidiol products derived from hemp.
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California Voters to Decide on Regulating Fast-Food Industry
The New York Times – Business:Pre-empting a law signed last year, business groups forced a ballot initiative on state oversight of wages and working conditions.
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New Lawsuit Challenges State Bans on Abortion Pills
The New York Times – Business:The case, brought by GenBioPro, a company that makes one of two abortion drugs, argues that it is unconstitutional for a state to bar access to a medication approved by the federal government.
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U.S. Accuses Google of Abusing Monopoly in Ad Technology
The New York Times – Business:The Justice Department’s antitrust lawsuit, which a group of states joined, was the fifth against the company since 2020.
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White House Aims to Reflect the Environment in Economic Data
The New York Times – Business:The Biden administration has set out to measure the economic value of ecosystems, offering new statistics to weigh in policy decisions.
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Genesis, a Crypto Lending Firm, Files for Bankruptcy
The New York Times – Business:Genesis was caught in the fallout of the collapse of FTX, the crypto exchange founded by Sam Bankman-Fried.
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Crypto Lender Nexo Is Fined $45 Million
The New York Times – Business:It’s the latest cryptocurrency company to draw scrutiny from regulators, who are seeking to rein in the industry after the collapse of FTX.