Latest news with #PennPresbyterianMedicalCenter
CBS News
11-03-2025
- CBS News
Suspect connected to road rage-related shooting caught on camera, sought by Philadelphia police
Philadelphia police are looking for a man believed to be connected to a road rage incident that led to a shooting Monday night in the city's East Parkside neighborhood. Police released video of the man allegedly involved in the shooting that injured two people, a 15-year-old boy and a 20-year-old woman, just after 7 p.m. at the intersection of 42nd Street and Girard Avenue in West Philadelphia. The suspect, described as being between 40-45 years old, with a bald head, was last seen driving a 2016-2017 silver Honda Civic model. Investigators point out that the Honda Civic had damage to the front quarter panels, was missing a passenger-side front hub cap and had a white vanity tag on the front bumper. On Monday night, police said a 15-year-old boy was shot in the left arm and a 20-year-old woman suffered a graze wound to the chest in a shooting on the 1100 block of North 42nd Street at around 7:07 p.m. The 20-year-old woman showed up to Lankenau Medical Center in a private vehicle, which police said was being held for investigation, while the 15-year-old boy was taken to Penn Presbyterian Medical Center. Both victims are said to be stable, according to police. If you have any information on the man shown in the video above, you're asked to contact Philadelphia police's Shooting Investigations Group at 215-686-8271.
CBS News
25-02-2025
- CBS News
Suspected carjacker in custody after car crash, fire in Philadelphia's Fairmount Park, police say
A suspected carjacker is in custody after a wild chain of events happened in Philadelphia's Fairmount Park Tuesday morning, according to police. Chopper 3 was over the area near Sweetbriar and Lansdowne drives where Philadelphia police say the suspect crashed his Toyota sedan into a tree, which then burst into flames. A nearby man saw the suspect, who police say appeared to be under the influence, and went over to help him at around 11:15 a.m. But the suspect got angry, tried assaulting the man and ultimately chased him away. The man got back in his car and moved a little ways away from the suspect before seeing another person try and help the suspect. The suspect began assaulting the second person, leading the original man to jump in and spray pepper spray at the suspect. Police say the suspect then carjacked the second person's silver BMW 530i and drove away before returning minutes later to try and run both people over. Fortunately, the suspect wasn't successful in his efforts. He did however end up crashing the BMW into a ravine. The suspect went back to where his Toyota sedan was still on fire and found firefighters trying to extinguish the blaze. The suspect attacked the firefighters by swinging fallen tree branches at them, according to police. Authorities said officers arrived, tased the suspect and were able to detain him. Police said the suspect was taken to Penn Presbyterian Medical Center for his injuries. The fire marshal said the blaze was caused by the Toyota sedan crashing into the tree.
CBS News
25-02-2025
- CBS News
Teenager shot in the back West Philadelphia, 2 people in custody, police say
A teenage boy was shot in the back on 52nd Street near Chestnut Street on Tuesday morning, Philadelphia police said. The shooting happened just after 11 a.m., a police spokesperson said in an email. The victim was taken to Penn Presbyterian Medical Center and his condition was not immediately released. Police are investigating the scene and have found two firearms and taken two people into custody. More information on what led up to the shooting — or whether the people in custody will be charged — was not immediately available. Images from Chopper 3 showed broken glass and police tape at the scene, including a business with a broken window.
CBS News
20-02-2025
- CBS News
64-year-old woman fatally shot in Philadelphia's Kingsessing neighborhood
A 64-year-old woman was fatally shot in Philadelphia's Kingsessing neighborhood early Thursday morning. Philadelphia Police Chief Inspector Scott Small said officers were patrolling near the area of 52nd Street and Greenway Avenue around 3 a.m. when they heard multiple gunshots. According to Small, police made it to the scene of the shooting "within seconds," where they found the woman lying the road. She was transported to Penn Presbyterian Medical Center with multiple gunshot wounds and pronounced dead shortly after arriving to the hospital. Small said the woman was found lying on top of a cane, and investigators located multiple shell casings from a semi-automatic weapon near her body. Investigators are using Real Time Crime cameras and footage from local businesses to locate a suspect, who Small said was last seen running from the scene and heading east on Greenway Avenue.
USA Today
12-02-2025
- Health
- USA Today
Health companies return $2.6 trillion to shareholders over time amid rising medical costs
Consumers have grown accustomed to rising prices and red tape when filing a health insurance claim or filling a prescription. But for investors, health care has proven to be a lucrative industry to grow their returns. Payouts to shareholders of large publicly traded health companies more than tripled over the past two decades, new research shows. In 2022, these companies paid $170 billion to shareholders in dividends and stock buybacks, a 315% increase over the $54 billion paid out in 2001, according to a study published Monday in peer-reviewed JAMA Internal Medicine. A total of 92 companies that appeared in the broad S&P 500 index returned $2.6 trillion to shareholders from 2001 through 2022, according to the study. The study highlights the flow of money in health care at a time when many patients struggle with rising bills and medical debt. Consumers and employers ultimately contributed to corporate health profits by paying for insurance premiums, out-of-pocket medical bills and taxes, according to Victor Roy, a physician and researcher at the University of Pennsylvania, Penn Presbyterian Medical Center, who led the study. Need a break? Play the USA TODAY Daily Crossword Puzzle. "The fact that that money goes to shareholders, at this scale, is something that we should have as part of our public debate," Roy said. "We should care about whether this is the most effective way for allocating the dollars that come from all of us." These health companies made 80% of profits Taxpayers underwrite most of the nation's health care spending through tax breaks and direct spending on programs such as Medicare, which covers adults 65 and older, and Medicaid, which covers low-income families. Employers who provide health insurance to workers and their families also get tax benefits, and nonprofit hospitals get billions in federal, state and local tax breaks. Roy teamed with Yale University researchers to calculate how much money large health care corporations returned to shareholders. The researchers collected data on 92 health-related companies that appeared in the S&P 500 index for at least three months between 2001 and 2022. They calculated corporate profits returned as dividends or share buybacks, which describes companies that repurchase shares to shore up a firm's share value. The study said 19 companies made about 80% of the total payouts over this period. Drug companies dominated list with Pfizer, Johnson & Johnson, Merck, and Amgen paying out the most lucrative returns, the study said. UnitedHealth Group, the health insurance giant that also owns the pharmacy benefit manager Optum Rx, ranked 5th. Pharmaceutical companies collectively returned $1.2 trillion over the two-plus decades. Biotechnology and managed care companies ranked 2nd and 3rd on shareholder payouts, the study said. Health care profit: A value question for society? Roy said large health companies that choose to reward investors instead of returning money to health system often seek to grow profit by raising prices. He cited examples of pharmaceutical companies raising drug prices or health insurers hiking monthly premiums. But he cautioned the study isn't meant to be a comprehensive look at all money that flows through health care. The study didn't address private equity investors that have targeted specialty practices in certain states and metro regions. A National Bureau of Economic Research paper by researchers from Yale, Northwestern and the University of Chicago revealed 18 metro regions found serial anesthesiology acquisitions, known as "rollups," resulted in fewer provider choices and higher bills for consumers. Nonprofit hospitals collect billions in federal, state and local tax breaks. One study by Johns Hopkins University and Texas Christian University researchers estimated the nation's nearly 3,000 nonprofit hospitals were spared $37.4 billion in federal, state and local taxes in 2021. Dr. Vikas Saini, president of the Lown Institute, a Massachusetts-based health think tank, said the Roy's study raises an important question. How much profit is reasonable given U.S. taxpayers pay for a significant amount of health spending? "It's a value question for the society," Saini said. "Is there a point where it's perfectly reasonable or is there a point where it's totally obscene? Clearly, for shareholders, it's not obscene. They love it." Health care regulation, lack of competition to blame Other academics who study who study health care pricing say they don't see a problem with publicly-traded companies profiting from health care. Ge Bai, Johns Hopkins University professor of accounting and health policy and management, said most successful industries reward shareholders only when they are able to deliver better, cheaper products for consumers. Bai said the real culprit in health care's wasteful spending is a market that is heavily regulated and anticompetitive. "When companies' revenue depends on government programs and regulations, they can drive up healthcare prices and lower quality while still making a lot of money," Bai said. Saini said comparing health care to other sectors is impossible due the unique nature of the U.S. health care system. Pharmaceutical companies often employ strategies to extend patents for brand name drugs and delay competition from generics. Hospitals have been slow to comply with price transparency rules that would give consumers the option to shop and compare prices for non-emergency care. And even though more data on health quality has trickled out, relatively few consumers search for this information when selecting a surgeon, Saini said. "The whole idea that that there's a functioning market is a fantasy," Saini said "Given that fact, the way money flows is not at all rational, and that's why we get what we get in terms of the prices of everything." Ken Alltucker is on X at @kalltucker, contact him by email at alltuck@
