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Investments and Business

Insurance Companies Reap Hidden Fees as Patients Get Unexpected Bills

Insurance Companies Reap Hidden Fees as Patients Get Unexpected Bills

Patti Sietz-Honig, a video editor at Fox 5 in New York, filed a complaint in 2022. The cost of seeing a specialist for chronic back pain had spiked, and she faced roughly $60,000 in bills.Ms. Sietz-Honig pressed for updates about her complaint and sent articles critical of MultiPlan from Capitol Forum, a site focused on antitrust and regulatory news. Last March, the agency emailed her that her employer and her insurer, Aetna, had agreed to a “temporary exception” and made additional payments.“Unfortunately,” the agency wrote, the law “does not prohibit the use of third-party vendors” to calculate payments.Meanwhile, her longtime…
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MLB insiders “pretty worried” by rise in arm injuries to top young starting pitchers

MLB insiders “pretty worried” by rise in arm injuries to top young starting pitchers

Matt Blake texted Cleveland Guardians pitcher Shane Bieber a conciliatory message over the weekend. As a member of the Cleveland player-development system in the 2010s, Blake aided Bieber’s rise from college walk-on to unanimous American League Cy Young Award winner in 2020. For a time, Bieber represented the modern model for the manufacturing of a big-league ace, a player who added strength to his frame, velocity to his fastball and spin to his offspeed pitches as he ascended the ranks.By the time Blake sent his text, though, Bieber had become part of a growing, more troubling demographic: talented young pitchers…
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Investing in Panama’s beachfront real estate: opportunity for investors from Switzerland

Investing in Panama’s beachfront real estate: opportunity for investors from Switzerland

Playa Caracol Residences stands out as a real estate project in Panama that exceeds all expectations, providing investors from Switzerland with an unparalleled beachfront escapade. Offering sweeping views of the majestic Cerro Chame and boasting over a kilometer of unspoiled coastline, this development emerges as a genuine haven where each element harmoniously combines to craft an atmosphere of unrivaled beauty and tranquility along Panama's shores. Playa Caracol: a luxurious real estate development in Panama's stunning Chame region The architectural design of Playa Caracol is a testament to originality, modernity, and the seamless integration of local elements. Each property is a…
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‘3 Body Problem’: What Social Media Reaction Says About China

‘3 Body Problem’: What Social Media Reaction Says About China

The first five minutes of the Netflix series “3 Body Problem” were hard to watch.I tried not to shut my eyes at the coldblooded beating of a physics professor at the height of the Cultural Revolution in 1967. By the end of it, he was dead, with blood and gruesome wounds all over his head and body. His daughter, also a physicist, watched the public execution. She went on to lose hope in humanity.I made myself sit through this violent scene. I have never seen what was known as a struggle session depicted blow-by-blow on the screen. I also felt…
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Middle East Crisis: Israel Reduces Ground Troops in Southern Gaza At the War’s Six-Month Mark

Middle East Crisis: Israel Reduces Ground Troops in Southern Gaza At the War’s Six-Month Mark

The deaths of seven World Central Kitchen aid workers at the hands of Israeli troops was “unforgivable,” the organization’s founder, José Andrés, said on Sunday, assailing Israel for waging what now seems to be “a war against humanity itself.”In an emotional interview on ABC’s “This Week,” Mr. Andrés reiterated his calls for an independent investigation into the April 1 airstrikes on his organization’s aid convoy in the Gaza Strip. The deaths drew global condemnation and prompted President Biden to suggest for the first time that he could change policy toward Israel if it does not alter course in its war…
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In Battle Over Health Care Costs, Private Equity Plays Both Sides

In Battle Over Health Care Costs, Private Equity Plays Both Sides

Insurance companies have long blamed private-equity-owned hospitals and physician groups for exorbitant billing that drives up health care costs. But a tool backed by private equity is helping insurers make billions of dollars and shift costs to patients.The tool, Data iSight, is the premier offering of a cost-containment firm called MultiPlan that has attracted round after round of private equity investment since positioning itself as a central player in the lucrative medical payments field. Today Hellman & Friedman, the California-based private equity giant, and the Saudi Arabian government’s sovereign wealth fund are among the firm’s largest investors.The evolution of Data…
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Gabby Thomas: The U.S. track star with a bigger goal beyond Olympic medals

Gabby Thomas: The U.S. track star with a bigger goal beyond Olympic medals

AUSTIN, Texas — There was a moment on a recent random Wednesday, as the world champion sprinter and Olympic medalist Gabrielle Thomas juggled emails about a meeting she had to run at a volunteer health clinic and readied for a voiceover for a commercial with a blue-chip sponsor and figured out the logistics of an upcoming weight-training session, when she had something of an epiphany.“I really did not perceive my life being the way it is now,” she said, looking up from her phone as she sipped a coffee at a cafe.She’s not kidding.Pretty much everything Thomas has accomplished in…
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Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount

Consumers Hate ‘Price Discrimination,’ but They Sure Love a Discount

Zohar Gilad runs Fast Simon, a company that helps retailers optimize their websites. Instead of offering different prices, they might display higher-end items for customers with a free-spending buying history, and clearance items for bargain hunters. Targeted coupons for hesitant browsers also create a personalized price by another name, creating a sale that might not have happened.“Say if you search for something and you didn’t buy it, you may get an email saying: ‘Hey, you have great taste. We saw you looking for black boots. Here’s a 20 percent coupon,’” Mr. Gilad said. “I think that personalization, done correctly, can…
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Lynne Reid Banks, Author of ‘The Indian in the Cupboard,’ Dies at 94

Lynne Reid Banks, Author of ‘The Indian in the Cupboard,’ Dies at 94

Lynne Reid Banks, a versatile British author who began her writing career with the best-selling feminist novel “The L-Shaped Room” but found her biggest success with the popular children’s book “The Indian in the Cupboard,” died on Thursday in Surrey, England. She was 94.Her death, at a care facility, was caused by cancer, said James Wills, her literary agent.Ms. Banks was part of a generation of writers, including Shelagh Delaney and Margaret Drabble, that emerged in postwar Britain and whose books explored the struggles of young women seeking personal and financial independence, in sharp contrast to the contemporaneous “angry young…
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Is Bird Flu Coming to People Next? Are We Ready?

Is Bird Flu Coming to People Next? Are We Ready?

Bird flu outbreaks among dairy cows in multiple states, and at least one infection in farmworker in Texas, have incited fears that the virus may be the next infectious threat to people.The influenza virus, called H5N1, is highly pathogenic, meaning it has the ability to cause severe disease and death. But while its spread among cows was unexpected, people can catch the virus only from close contact with infected animals, not from one another, federal officials said.“It’s really about folks who are in environments where they may be interacting with cattle that are infected with this virus,” said Dr. Demetre…
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