News
Alabama Doctor Must Pay Fraud Penalties for Income Diversion
3+ hour, 43+ min ago (112+ words) news. bloombergtax. com An Alabama doctor is liable for civil tax fraud penalties after diverting hundreds of thousands of dollars in medical clinic receipts into personal bank accounts and providing false income figures to his accountant, the US Tax Court…...
Northwestern Denied Quick Appeal in Health Plan Tier Challenge
1+ day, 12+ hour ago (121+ words) news. bloombergtax. com Northwestern University can't immediately appeal a court ruling forcing it to defend allegations that its health plan wrongly offers a high-cost benefit tier that provides no extra benefits. The "novelty" of the allegations aren't enough to justify…...
Bankrupt Alabama Hospital's Closure Risks Disaster, Report Warns
1+ day, 8+ hour ago (298+ words) A patient care ombudsman filed a report warning about the "devastating impact" to local residents from the potential closure of one of Alabama's largest healthcare institutions. "Periods of high demand could quickly become public health disasters because, without Jackson, the…...
Trump's Pivot on Medicaid Work Requirements Frustrates States
5+ day, 15+ hour ago (97+ words) news. bloombergtax. com States are voicing frustration with the Trump administration's new protocol for implementing Medicaid work requirements, calling the federal decisions a shift that imposes significant burdens on their programs. The Trump administration's June 1 rule for implementing work requirements…...
Trump's Addition of Non-Network Health Coverage Lacks Specifics
1+ week, 2+ day ago (124+ words) news. bloombergtax. com The Trump administration's move to expand the types of health plans on the Obamacare exchanges to those that don't include built-in doctor networks clears the way for alternative insurance companies to enter the market, even as several…...
Long Island Hospital Settles Retirement Plan Fee, Fund Challenge
2+ week, 6+ day ago (114+ words) news. bloombergtax. com Long Island Community Hospital agreed to a class-wide settlement with former hospital workers who said their retirement plan offered pricey investments and a poorly performing stable value fund. The parties announced the deal Wednesday in the US…...
Women Plead Guilty, Sentenced in $600 Million Covid Tax Scheme
3+ week, 5+ day ago (108+ words) news. bloombergtax. com A tax preparer pleaded guilty Thursday for her role in a $600 million fraudulent Covid-19 tax credit scheme, following the sentencing of one of the other people charged in the scheme last week. Janine Davis admitted guilt in…...
Trump Expands Nontraditional Health Plans on Insurance Exchanges
3+ week, 5+ day ago (107+ words) news. bloombergtax. com The Trump administration finalized a rule Friday permitting low-premium, high-deductible plans on the Obamacare exchanges to last up to 10 years, in addition to certifying plans with no traditional doctor network. The novel concepts will likely raise legal…...
Cigna Ordered to Face Trial Over $6 Million in Covid Test Costs
4+ week, 2+ day ago (123+ words) news. bloombergtax. com A group of medical providers accusing Cigna Health & Life Insurance Co. of failing to cover about $6 million in Covid-19 testing costs can go to trial on most claims, a Connecticut federal judge ruled. Cigna said the lawsuit…...
AI Reshapes Employer Group Health Plans for Fiduciaries'Pt 3
1+ mon, 2+ day ago (181+ words) AI is changing the practice of tax law. This series examines the ethical, legal, and practical implications of AI across key areas of tax practice. AI's ubiquity ensures that its use will run up against, and potentially collide with, any…...