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June 20, 2012 | By Chad Terhune, Anna Gorman and Erin Loury, Los Angeles Times
If the Supreme Court scraps the Affordable Care Act in the coming days, California will lose out on as much as $15 billion annually in new federal money slated to come its way, dealing what state officials say would be a critical blow to efforts to expand coverage to the poor and uninsured. The state is one of the biggest beneficiaries of the federal healthcare law because of its large number of uninsured residents - about 7 million people, or nearly 20% of California's population.
March 19, 2012
Signs of life Re " Ancient symbols speak to prisoner ," Column One, March 14 Having read a number of letters over time from Timothy Fenstermacher in the Biblical Archaeology Review, it was a genuine pleasure to "meet" him through the article in The Times. I wish him well - he is an inspiration to those who want to turn their lives around but don't know where to start. As a teacher, it reinforces the message I try to give my students: Education is the key, not necessarily to riches but to success.
August 15, 1986 | HARIHAR KRISHNAN, United Press International
Japan's aging population could provide an opening for American manufacturers to export to that country health-care products and medical equipment, an area in which U.S. companies clearly have world leadership and Japan lags. For the first time, Japan will organize a "Made in U.S.A. Fair" next March in Osaka, exclusively for U.S. manufacturers of medical equipment and health-care products.
September 29, 1991 | JAMES FLANIGAN
America finally seems ready to admit that it can't afford all the health care it wants. And, ironically, that's a hopeful sign. Oregon has a plan to ration publicly funded medical care; other states--other countries too--are studying it. It's not the dying of the dream of good health care for all Americans but an attempt to realize that dream within today's realities. Growing numbers of people are not receiving the benefits of U.S.
Aetna Inc.'s already battered stock plunged 12% Thursday after the giant insurer said one of its key health-care executives abruptly quit and that its profit is still trailing expectations. The stock has plummeted 40% in just the last five months--wiping out nearly $7 billion of its investors' holdings--as Aetna has suffered one unexpected setback after another in 1997. Most of the problems relate to Aetna's purchase last year of U.S. Healthcare Inc. for $8.
March 10, 2012 | By Chad Terhune, Los Angeles Times
Hospitals and doctors have received billions of dollars in government subsidies to upgrade electronic health records, but they have not done enough to make those records shareable, a top federal health official said. Farzad Mostashari, national coordinator for health information technology at the U.S. Department of Health and Human Services, said Friday in Los Angeles that the government is proposing that medical providers have the capability for exchanging patient data by 2014. "Is this doable?
December 3, 2009 | By Molly Hennessy-Fiske
The state's largest doctors group is opposing healthcare legislation being debated in the U.S. Senate this week, saying it would increase local healthcare costs and restrict access to care for elderly and low-income patients. The California Medical Assn. represents more than 35,000 physicians, making it the second-largest state medical group in the country after Texas. Its executive committee met last week to discuss the Senate legislation proposed last month by Majority Leader Harry Reid (D-Nev.
October 11, 1996 | From Bloomberg Business News
Aetna Inc. said Thursday that it is reducing its work force by 13%, or 4,400, and taking charges of $307 million as it moves to cut expenses after buying US Healthcare Inc. Aetna will layoff about 8,200 people by the end of 1998, but will add new jobs to bring the net loss to 4,400. The Hartford, Conn.-based insurance giant is shedding about 4,000 jobs as a result of merging its health business with that of US Healthcare, which it bought in July for $8.18 billion.
June 8, 2000 | From Associated Press
Leonard Abramson, who made more than $900 million when he sold U.S. Healthcare to Aetna Inc. in 1996, is resigning from Aetna's board amid questions his presence was a conflict of interest. Some Aetna shareholders and corporate governance experts had criticized Abramson for having business dealings with the company while he served on its board.
April 22, 2010 | By Noam Levey, Tribune Washington Bureau
The new healthcare overhaul championed by President Obama may result in lower Medicare premiums for seniors and a more sustainable Medicare program, according to an analysis of the legislation issued Thursday night by independent actuaries at the U.S. Department of Health and Human Services. The analysis, the first since Obama signed the law last month, suggests that the Medicare program will remain viable until 2029 – longer than some earlier projections. Before passage of the healthcare overhaul, Medicare had been projected to slip into the red in 2017.
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