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insider trading scandal and regulatory scrutiny shake healthcare industry in november

In November 2024, a Pennsylvania man was arrested for insider trading related to CVS's acquisition of Oak Street Health, potentially facing 25 years in prison. The DOJ is investigating pharmacy benefit managers (PBMs) for anti-competitive practices, while Medicare improperly paid $190 million to acute-care hospitals over five years. Additionally, Aetna and OptumHealth settled a class action lawsuit for hiding administrative fees, and small pharmacies are suing PBMs for price-fixing.

allstate health solutions partners to enhance employee healthcare reimbursement options

Allstate Health Solutions has partnered with Thatch and Ambetter Health to introduce an Individual Coverage Health Reimbursement Arrangement (ICHRA), enabling employers to reimburse employees tax-free for individual health insurance premiums and eligible medical expenses. This collaboration enhances offerings for Intuit QuickBooks customers, providing access to a variety of health plans tailored to workforce needs. Thatch's platform simplifies plan selection, allowing employees to manage their healthcare budgets effectively.

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