CVS Health saw revenues climb 6.3% as compared to last year, posting $95.4 billion in revenue for the third quarter, even as its health benefits segment underperformed, due principally to high utilization.
Leaders from Rutgers University and the broader New Jersey community convened last week to celebrate a $47.5 million federal grant for the Rutgers Institute for Translational Medicine and Science, which will be used to transform laboratory discoveries into more practical health solutions and treatments.
Elevance Health is the latest insurer to sue the Department of Health and Human Services over Medicare Advantage star ratings. Elevance, with affiliates Community Insurance Company in Ohio and Wellpoint in Texas, filed the lawsuit last week in federal court in the Northern District of Texas.
This unsustainable business model and the financial burden are passed on to providers, says Everett Wilson, healthcare regulatory attorney at Polsinelli.