RAW STORY– US authorities fined cosmetics and drugs giant Johnson & Johnson $70 million on Friday for bribing doctors in Europe and paying kickbacks for contracts under a UN relief program in Iraq. The Department of Justice and Securities and Exchange Commission said since 1998 the firm had paid doctors and hospital administrators in Greece, Poland and Romania for contracts … Read More
LOS ANGELES TIMES – Another big California health insurer has stunned individual policyholders with huge rate increases — this time it’s Blue Shield of California seeking cumulative hikes of as much as 59% for tens of thousands of customers March 1. Blue Shield’s action comes less than a year after Anthem Blue Cross tried and failed to raise rates as … Read More
HUFFINGTON POST– The insurance industry’s attempt to weasel out of one of the few provisions of the new health care reform law that took effect immediately is a harbinger of what’s to come. But far from being satisfied with a windfall of new customers and massive government subsidies, the nation’s insurance companies appear to already be busy devising ways to … Read More
