UnitedHealth Group reports that as of 2023, 60% of its members are under value-based care arrangements, leading to 12% lower healthcare costs and a 26% reduction in hospital admissions. Key strategies include addressing social determinants of health, promoting preventive care, and leveraging analytics for better patient management. Despite progress, challenges remain, particularly with providers still reliant on fee-for-service models and the need for enhanced technology infrastructure.
Alignment HealthCare is expanding its Medicare Advantage services in Nevada through a partnership with Intermountain Health, effective January 1, 2025. This collaboration will provide Medicare members in Clark and Washoe counties access to over 65 clinic locations, including 35 senior primary care clinics, enhancing healthcare access for the region's growing senior population. Members enrolling during the annual period can access comprehensive care services, including primary, specialty, and urgent care, while benefiting from innovative plans tailored to various health needs.
A paradigm shift in taxation is being called for by the Socialist group, proposing an increase in corporate tax for polluting companies and an additional contribution on large firms' exceptional profits. Meanwhile, the French government plans to reduce Medicare reimbursements, impacting 2.5 million uninsured citizens, as it seeks to address a widening Social Security deficit projected at 18 billion euros for 2024. The upcoming 2025 budget aims for significant savings and tax increases to meet European deficit reduction commitments.
The French government plans a significant budget overhaul to reduce the deficit, targeting 40 billion euros in spending cuts and 20 billion euros in tax increases. Key measures include a surtax on the wealthiest households and higher corporate taxes for large companies, alongside cuts to social security contributions and subsidies. With public debt soaring to 112% of GDP, the aim is to lower the deficit to 5% by 2025 and below 3% by 2029, amid a challenging political landscape.
The Federal Trade Commission has approved a final rule requiring healthcare companies to provide additional information when filing for mergers and acquisitions. This move aims to enhance scrutiny of such proposals in the healthcare sector.
UBS has begun integrating Credit Suisse's operations, successfully transferring initial client funds to its platform. Following tests with several hundred clients in Hong Kong and Singapore, around 1.3 million Credit Suisse clients are set to migrate over the coming quarters, with significant data integration planned. UBS will eliminate 90% of Credit Suisse's applications, having already deactivated 560 and 40,000 servers.
08:56 10.10.2024
Arete Ethik Invest has appointed Martin Künzler as Chief Sales Switzerland to enhance its presence in the Swiss market. Künzler, who previously led the external asset managers team at Thurgauer Kantonalbank, brings valuable experience and a strong network to the role. The firm, focused on ethically sustainable investments for nearly three decades, aims to leverage his expertise for growth.
08:47 10.10.2024
Vietnam Electricity's National Power Transmission Corporation (EVNNPT) will receive a $150 million loan from Japan Bank for International Cooperation (JBIC) through VPBank to support transmission projects and promote renewable energy in Vietnam. VPBank is currently preparing bids for three projects in Dong Nai and Binh Duong provinces, while EVNNPT seeks additional support, needing $700-800 million annually for power grid investments.
08:36 10.10.2024
UBS has successfully begun migrating Credit Suisse clients to its platform, with initial tests involving several hundred clients from Hong Kong and Singapore yielding positive results. The integration, deemed the largest data migration in financial services, will see around 1.3 million clients transitioned over the coming quarters, while UBS plans to reduce its reliance on Credit Suisse applications significantly. The technology integration is on track, with UBS aiming to retain most of Credit Suisse's permanent employees in Group Operations and Technology.
08:32 10.10.2024
The integration of Credit Suisse into UBS is progressing, with the first customer funds successfully transferred to UBS's platform. Approximately 1.3 million Credit Suisse clients are set to be migrated over the coming quarters, starting with those in Luxembourg and Hong Kong. UBS plans to deactivate 90% of Credit Suisse's applications, having already shut down 560 applications and 40,000 servers.
pme
07:46 10.10.2024
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