Latest news with #Medica
The Hill
2 days ago
- Business
- The Hill
Musk bashes Trump's ‘abomination'
The Big Story Billionaire Elon Musk ramped up his criticism of the megabill of President Trump's tax cut and spending priorities, calling the legislation a 'disgusting abomination.' © The Associated Press 'I'm sorry, but I just can't stand it anymore. This massive, outrageous, pork-filled Congressional spending bill is a disgusting abomination,' Musk posted Tuesday on his social platform X. 'Shame on those who voted for it: you know you did wrong. You know it,' Musk added. The legislation, officially titled the 'One Big Beautiful Bill,' extends Trump's 2017 tax cuts and boosts funding for border and defense priorities, while making cuts to spending on social safety net programs such as Medicaid and food aid. It passed the House last month and is being considered by the Senate, which is expected to make tweaks to the legislation. The comments come after top Republicans, including Speaker Mike Johnson (R-La.), pushed back on Musk telling 'CBS News Sunday Morning' last week that the bill 'undermined' the work of the Department of Government Efficiency (DOGE), which he spearheaded. 'It will massively increase the already gigantic budget deficit to $2.5 trillion (!!!) and burden America [sic] citizens with crushingly unsustainable debt,' Musk said in a follow-up post. Read more here. Welcome to The Hill's Business & Economy newsletter, I'm Sylvan Lane — covering the intersection of Wall Street and Pennsylvania Avenue. Did someone forward you this newsletter? Subscribe here. Essential Reads Key business and economic news with implications this week and beyond: White House sends Congress request for $9.4B in DOGE cuts The White House on Tuesday sent Congress a request to claw back $9.4 billion in funding for foreign aid and to public broadcasting — the first package that would codify the slashes spearheaded by the Department of Government Efficiency (DOGE). Warren releases 130-accusation report on Elon Musk's tenure Sen. Elizabeth Warren (D-Mass.) on Tuesday released a 130-accusation report on tech billionaire Elon Musk's time as a special government employee, arguing he profited from his work in the Trump administration. Judge extends pause on order invalidating Trump's tariffs A federal judge in Washington, D.C., extended a pause on his order invalidating the bulk of President Trump's tariffs until an appeals court can resolve the case. Job market is holding its breath amid tariff truce with China Job openings and hiring increased slightly in April ahead of the Friday employment report from the Labor Department, which will be a major data point for the Federal Reserve as it determines the path for interest rates that undergird economic activity. Tax Watch Mike Johnson's Senate sales pitch for Trump's bill Speaker Mike Johnson (R-La.) is on a sales mission for the 'big, beautiful bill' full of President Trump's legislative priorities, defending its contents amid a wave of criticism from his party about the depth of spending cuts, significance of Medicaid changes and the rollback of green-energy tax credits. Along with attempting to temper Elon Musk, the Speaker has also gone on a cable news blitz, pushing back on concerns Sens. Rand Paul (R-Ky.) and Ron Johnson (R-Wis.) are voicing about the deficit impact of the bill, tearing into the nonpartisan Congressional Budget Office's math, and arguing that the benefits of the package outweigh its shortcomings. And now, Speaker Johnson is looking to ease concerns of conservatives by promising to quickly stage a vote on a bill that would claw back billions of dollars in federal funding — reflecting some of the cuts DOGE has made — and signaling there may be more to come after the 'one big, beautiful bill' gets to the president's desk. Read more here. Tax Watch is a regular feature focused on the fight over tax reform and extending the 2017 Trump tax cuts this year. Email a tip Join Us Tomorrow: Invest In America Wednesday, June 4 at 8 a.m. EDT — Washington, D.C. Join The Hill for a half-day summit featuring titans from Washington and Wall Street, focused on solutions-oriented conversations that will deliver insights into the future of the domestic and global economy, covering everything from tariffs, investing, AI, crypto, taxes and more. RSVP NOW The Ticker Upcoming news themes and events we're watching: In Other News Branch out with more stories from the day: Trump promises to hike steel and aluminum tariffs to 50% starting Wednesday. Here's what we know NEW YORK (AP) — U.S. President Donald Trump has promised to hike nearly all of his tariffs on foreign … Good to Know Business and economic news we've flagged from other outlets: What Others are Reading Top stories on The Hill right now: Hegseth orders Navy strip oiler ship USNS Harvey Milk of name Defense Secretary Pete Hegseth has ordered the Navy to rename an oil ship named after gay rights activist Harvey Milk, a move that pointedly comes at the start of Pride Month. Read more Kavanaugh signals Supreme Court will soon decide constitutionality of banning AR-15s The Supreme Court on Monday declined to take up a case that involves whether possessing AR-15s is protected by the Second Amendment, but the court's conservatives are signaling they soon will. Read more What People Think Opinions related to business and economic issues submitted to The Hill: You're all caught up. See you tomorrow!
Business Wire
4 days ago
- Business
- Business Wire
Medica Launches in St. Louis, Bringing First Nonprofit Health Coverage and Local Partnerships to the Region
ST. LOUIS--(BUSINESS WIRE)--Medica, a nonprofit health insurance plan with a strong track record across the Midwest, is officially launching in the St. Louis region. As the only nonprofit health insurer in the market, Medica offers a new kind of health coverage—one that prioritizes affordability, trusted local care, and personalized service for businesses of all sizes. 'We're here in St. Louis to make health insurance feel different, more personal and more affordable,' said Brian Kuchnicki, Medica's St. Louis market President. Through partnerships with respected, high-quality healthcare systems like SSM Health and Mercy, Medica will deliver coordinated care that helps members stay healthy, supported, and connected to providers they already know and trust. 'We're here in St. Louis to make health insurance feel different, more personal and more affordable,' said Brian Kuchnicki, Medica's St. Louis market President. 'As a nonprofit, our focus isn't on shareholders—it's on people and the communities we serve. That means offering health plans that are affordable, accessible, and built around the needs of local employers and their employees.' The launch marks a major milestone in Medica's growth strategy, building on successful partnerships in nearby states like Minnesota, Wisconsin, and Nebraska. In those markets, Medica has earned a reputation for responsive service, community investment, and purpose-built health plans. 'We're proud to bring our mission—to better your life with care in the moments that matter—to the St. Louis community,' said Lisa Erickson, CEO and President of Medica. 'We'll do this by building strong relationships with local providers and offering health plans that help employers keep their teams healthy, productive, and supported.' With commercial plans that span ACA-funded small group, level-funded, fully insured and self-insured large group options, Medica offers the flexibility today's employers need—especially in price-sensitive industries like education, health care, retail, construction, and technology. In addition to expanding access to care, Medica remains committed to reinvesting in local communities. In 2024 alone, the organization invested $6.8 million into initiatives supporting mental health, food security, and healthy families. Our employees logged over 9,000 volunteer hours across the Midwest—participating in events like this March of Dimes and NAMI walks. 'Medica is celebrating 50 years of nonprofit service, and we are bringing that long-term commitment to the St. Louis region. Our commitment is prioritizing patient care and community health while ensuring that decisions are made with the best interests of members in mind,' adds Kuchnicki. For more about Medica's plans in St. Louis, visit About Medica Medica ( is a mission-driven, member-focused non-profit health plan headquartered in Minnesota. The company serves communities in the heart of America by providing health care coverage and related services in the employer, individual, Medicaid and Medicare markets. It operates in Minnesota, Iowa, Kansas, Missouri, Nebraska, North Dakota, Oklahoma, South Dakota, and Wisconsin. Medica's mission to better your life with care in the moments that matter is a testament to member-focused commitment to high quality, affordable health care.
Yahoo
4 days ago
- Business
- Yahoo
NHI Issues Investor Update
MURFREESBORO, TN / / June 2, 2025 / National Health Investors, Inc. (NYSE:NHI) has issued the following investor presentation which can be found at: The presentation updates NHI's investment pipeline to approximately $331.4 million that includes $126.7 million in signed LOI's of which approximately $71 million represents a SHOP investment. About NHI Incorporated in 1991, National Health Investors, Inc. (NYSE: NHI) is a real estate investment trust specializing in sale, leasebacks, joint-ventures, senior housing operating partnerships, and mortgage and mezzanine financing of need-driven and discretionary senior housing and medical investments. NHI's portfolio consists of independent living, assisted living and memory care communities, entrance-fee retirement communities, skilled nursing facilities, and specialty hospitals. For more information, visit Forward-Looking Statement This press release includes forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended. All statements regarding the Company's, tenants', operators', borrowers' or managers' expected future financial position, results of operations, cash flows, funds from operations, dividend and dividend plans, financing opportunities and plans, capital market transactions, business strategy, budgets, projected costs, operating metrics, capital expenditures, competitive positions, acquisitions, investment opportunities, dispositions, acquisition integration, growth opportunities, expected lease income, continued qualification as a real estate investment trust ("REIT"), plans and objectives of management for future operations, continued performance improvements, ability to service and refinance our debt obligations, ability to finance growth opportunities, and similar statements including, without limitation, those containing words such as "may", "will", "should", "believes", "anticipates", "expects", "intends", "estimates", "plans", "projects", "likely" and other similar expressions are forward-looking statements. Forward-looking statements involve known and unknown risks and uncertainties that may cause our actual results in future periods to differ materially from those projected or contemplated in the forward-looking statements. Such risks and uncertainties include, among other things; the operating success of our tenants, managers and borrowers for collection of our lease and interest income; the risk that our tenants, managers and borrowers may become subject to bankruptcy or insolvency proceedings; risks related to the concentration of a significant percentage of our portfolio to a small number of tenants; risks associated with pandemics, epidemics or outbreaks on our operators' business and results of operations; risks related to governmental regulations and payors, principally Medicare and Medicaid, and the effect that changes to laws, regulations and reimbursement rates would have on our tenants' and borrowers' business; the risk that the cash flows of our tenants, managers and borrowers may be adversely affected by increased liability claims and liability insurance costs; the risk that we may not be fully indemnified by our tenants, managers and borrowers against future litigation; the success of property development and construction activities, which may fail to achieve the operating results we expect; the risk that the illiquidity of real estate investments could impede our ability to respond to adverse changes in the performance of our properties; risks associated with our investments in unconsolidated entities, including our lack of sole decision-making authority and our reliance on the financial condition of other interests; risks related to our joint venture investment with Life Care Services for Timber Ridge; inflation and increased interest rates; adverse developments affecting the financial services industry, including events or concerns involving liquidity, defaults, or non-performance by financial institutions; operational risks with respect to our SHOP structured communities; risks related to our ability to maintain the privacy and security of Company information; risks related to environmental laws and the costs associated with liabilities related to hazardous substances; the risk of damage from catastrophic weather and other natural or man-made disasters and the physical effects of climate change; the success of our future acquisitions and investments; our ability to reinvest cash in real estate investments in a timely manner and on acceptable terms; competition for acquisitions may result in increased prices for properties; our ability to retain our management team and other personnel and attract suitable replacements should any such personnel leave; the risk that our assets may be subject to impairment charges; risks related to our ability to raise capital through equity sales; the potential need to refinance existing debt or incur additional debt in the future, which may not be available on terms acceptable to us; our ability to meet covenants related to our indebtedness which impose certain operational limitations and a breach of those covenants could materially adversely affect our financial condition and results of operations; downgrades in our credit ratings could have a material adverse effect on our cost and availability of capital; we rely on external sources of capital to fund future capital needs, and if we encounter difficulty in obtaining such capital, we may not be able to make future investments necessary to grow our business or meet maturing commitments; our dependence on revenues derived mainly from fixed rate investments in real estate assets, while a portion of our debt bears interest at variable rates; our ability to pay dividends in the future; disruptions to the management and operations of our business and the uncertainties caused by activist investors; adverse economic effects from international trade disputes (including threatened or implemented tariffs imposed by the U.S. and threatened or implemented tariffs imposed by foreign countries in retaliation) or similar events impacting economic activity; legislative, regulatory, or administrative changes; and our dependence on the ability to continue to qualify for taxation as a real estate investment trust and other risks which are described under the heading "Risk Factors" in Item 1A in our Form 10-K for the year ended December 31, 2024 and under the heading "Risk Factors" in Item 1A in our Form 10-Q for the quarter ended March 31, 2025. Many of these factors are beyond the control of the Company and its management. The Company assumes no obligation to update any of the foregoing or any other forward looking statements, except as required by law, and these statements speak only as of the date on which they are made. Investors are urged to carefully review and consider the various disclosures made by NHI in its periodic reports filed with the Securities and Exchange Commission, including the risk factors and other information in the above referenced Form 10-K and Form 10-Q. Copies of these filings are available at no cost on the SEC's web site at or on NHI's web site at Contact: Dana Hambly, Vice President, Finance & Investor RelationsPhone: (615) 890-9100 SOURCE: National Health Investors View the original press release on ACCESS Newswire Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Time of India
30-05-2025
- Health
- Time of India
Send daily Covid report, Bengal govt asks pvt hosps, labs
1 2 3 Kolkata: Amid the rising cases of Covid in the country, the state health department has issued its first advisory since the pandemic asking all private hospitals and labs to report all positive cases in a particular format on a daily basis. The labs across the state have also started preserving the Covid-19 positive samples, anticipating that they might be asked to send those for genome sequencing to detect the virus strain circulating in Bengal. The state health department has not yet released the actual Covid load in the state but there is already an uptick. At least six more cases surfaced on Thursday. Hospitals have also started increasing tests, particularly for patients with various comorbidities and symptoms of the infection. Sources said Medica Superspecialty Hospital currently has four Covid positive patients, one of whom was admitted on Thursday. While none of the four are having severe illness, doctors said the hospital admission was advised as they are vulnerable to developing severe symptoms due to existing health conditions. "For almost a year, we did not see any Covid patients. Now, a few cases have started trickling in, all with mild symptoms. by Taboola by Taboola Sponsored Links Sponsored Links Promoted Links Promoted Links You May Like Desfrute do melhor na Fogo de Chão Fogo de Chão Clique aqui Undo While the symptoms are likely to be mild in most cases, those with comorbidities need to stay safe as they are the most vulnerable," said critical care and ECMO physician, Dipanjan Chatterjee of Medica. An 84-year-old cancer patient, tested positive at Ruby General Hospital. Another 40-year-old woman, who came to the OPD, had mild symptoms and did not require hospital admission. "We tested about eight samples in the past week, out of which two were positive. While there is no reason to panic, we have scaled up testing, especially on symptomatic patients and we have kept our isolation ward ready," said Subhasish Datta, chief general manager operations at Ruby. Microbiologist Partha Guchhait of Peerless Hospital said while most cases were likely to be mild and flu-like, increasing testing, especially on those symptomatic, could give an indication if there was a clustering of cases. The hospital is also preserving the samples. Experts said the strain causing the current uptick is likely to be JN.1 or a similar sub-lineage of the Omicron variant, reported from other countries. However, they said sequencing was needed to find out the exact variant. "So far, we know the virus circulating elsewhere is a variant of concern due to high transmissibility, even as it is known to cause mild infection," said internal medicine specialist, Rahul Jain of Belle Vue Clinic.
CBS News
09-04-2025
- Health
- CBS News
Minnesota debuts dashboard showing how federal cuts are impacting the state
Minnesota's governor on Wednesday unveiled a new dashboard that tracks how the Trump administration's slew of federal budget cuts are impacting the state in real time. The dashboard breaks down how much money has been cut, or could be cut, and from what programs. It also includes a description of the grant and the date of action. The dashboard is updated every weekday by the Minnesota Department of Management and Budget with the latest disruptions and cancelations due to federal cuts. So far, it says nearly $300 million in funds have been canceled in the state and another $55 million is at risk of being canceled. "Sweeping changes at the federal level are happening with little to no warning or public process," Minnesota Gov. Tim Walz said. "By tracking these changes, we're doing what we can to keep Minnesotans informed on what we know and what's to come." More than $178 million in funds have been canceled for the Minnesota Department of Health for infectious disease outbreak detection, prevention and response. Tens of millions of dollars have been pulled for mental health and substance abuse disorder services, including access to behavioral health care and school-based mental health services for children. After the federal government slashed over $220 million in grant funding for the state's health department in late March, 170 employees were laid off and nearly 20 job offers were rescinded, according to state officials. A federal judge later blocked the Trump administration's $11 billion in cuts to public health funding , but it's unclear what impact that will have in Minnesota. State Health Commissioner Dr. Brooke Cunningham says the future of many health initiatives, including vaccine distribution and health equity programs, is uncertain amid the cuts . "To do this to people, and to do this to the work, and to do this to Minnesotans and Americans across the country is really concerning," she said. Additionally, $18 million in grants meant to benefit Minnesota farmers, schools and food shelves were canceled before any of the funding could be distributed. The cuts to food assistance funding come as Minnesotans made a record 9 million trips to food shelves last year. Last week, Walz warned state agencies to plan for any federal funds they receive to be cut. Walz expressed concerns that the federal cuts could create huge holes in the state's budget. According to the Minnesota Department of Management and Budget, approximately 35% of the state's current budget — $23 billion — is from federal grants. More than half of the federal funding the state receives goes to entitlement programs like Medicaid, which provides health care coverage for 1.2 million Minnesotans. Minnesota Medicaid Director John Connolly said any reductions to that program would lead to "impossible" choices and that the state would not be able to make up the difference as it stares down a $6 billion deficit . State Republicans have also expressed concerns about cuts impacting Medicaid, writing the state's Congressional delegation in February asking them to hold the program harmless in any budget negotiations. Kirsten Mitchell and Caroline Cummings contributed to this report.
