This week’s furor over the Internal Revenue Service’s selective scrutiny of Tea Party groups and the Justice Department’s secret collection of phone records from the Associated Press has obscured what may prove in the long run to be a more troubling ethical breach. Unable to secure funding from Congress to carry out the Affordable Care Act, Health and Human Services Secretary Kathleen Sebelius has responded with a bizarre error in judgment.
The Obama administration is enlisting the help of community health clinics to promote the 2010 health- care law in a $150 million effort to make sure uninsured people are aware of new medical coverage options available Oct. 1.
Community Health Systems Inc. ’s unsolicited $3.3 billion offer for Tenet Healthcare Corp . may prompt rival suitors as it seeks to become the largest U.S. hospital operator. Tenet’s shares rose 55 percent.
Tenet Healthcare Corp. and HCA Holdings Inc. led hospital stocks lower as traders shifted bets to health insurers that stand to benefit from a U.S. government decision to pare back a cut in their Medicare payments.
Health Management Associates Inc., the subject of a ’’60 Minutes’’ report criticizing its emergency room practices, fell the most in four years after the company reduced the high end of its 2013 earnings forecast because of a decline in admissions.
Community Health Systems Inc. may have doomed a proposed takeover of Tenet Healthcare Corp. when its third offer was still so low that it would need to be raised by almost $2 billion to be on par with past hospital deals.