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The latest global news and analysis in payments, retail, fintech, financial services and the digital economy.
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News
DOJ Sues NewYork-Presbyterian Over Alleged Anticompetitive Insurance Practices
5+ mon, 2+ week ago (608+ words) The U.S. Justice Department has filed an antitrust lawsuit against NewYork-Presbyterian, accusing the prominent hospital system of engaging in practices that limited competition and kept health care costs high for consumers. Per the New York Post, the government argues that these…...
Recovery Firms Accused of Exploiting Class Members in Generic Drug Price-Fixing Case
10+ mon, 8+ hour ago (420+ words) Plaintiffs in a major antitrust lawsuit involving generic drug pricing have urged a federal judge to intervene against what they describe as deceptive marketing efforts by certain claims recovery firms. According to Reuters, the plaintiffs allege that these firms have…...
UnitedHealth’s AI Bet Paid Off. Now It Is Selling the Playbook
1+ mon, 3+ week ago (280+ words) Conway also noted that AI is helping nurses summarize complex patient cases 40% faster. Enhanced care transition support has driven a 10% reduction in hospitalizations in the Western and Southern regions since late last year. Home health pilots have cut readmissions and…...
Utah Reaches Antitrust Settlement With Sandoz Over Generic Drug Pricing
8+ mon, 3+ week ago (571+ words) Utah regulators have reached a settlement with global pharmaceutical company Sandoz Inc. in a lawsuit alleging anticompetitive conduct in the generic drug market, marking another step in a multistate effort to address rising prescription drug costs. The Utah Department of…...
Solana Simplifies Blockchain for Enterprises and Financial Institutions
5+ mon, 2+ week ago (338+ words) Solana Foundation has launched a developer platform designed to make it easy for enterprises and financial institutions to build and launch financial products on the Solana blockchain. SDP’s three core modules include an issuance module that enables users to issue…...
Cutting Back Isn’t Working: Why Doing More, Not Less, Is the Only Strategy That Helps
3+ mon, 2+ week ago (746+ words) The personal savings rate fell to 2.6% in April, the lowest level in four years, as spending continued to outpace income growth. PYMNTS Intelligence found that 80% of Pressure-Driven Cutback Consumers reduced everyday spending, but only 19% said their coping strategies were very…...
Trump Announces New Drug Pricing Deals With Major Pharmaceutical Companies
8+ mon, 3+ week ago (585+ words) “American drug prices will come down fast and furious, and will soon be among the lowest in the developed world,” Trump said during an Oval Office event announcing the deals. The companies newly signing on include Roche Holding AG’s Genentech…...
GoodRx Sees ‘Profund Transformation’ in Prescriptions With TrumpRx
10+ mon, 1+ week ago (383+ words) GoodRx CEO Wendy Barnes sees a “profound transformation” happening in prescription drug pricing. The catalyst, Barnes said during an earnings call Wednesday (Nov. 3), is the pending launch of TrumpRx, the planned government-run prescription drug website. “The market is shifting decisively…...
UnitedHealth Spends $1.5 Billion on AI and Wants Double Back
4+ mon, 3+ week ago (914+ words) The company’s first quarter 2026 earnings call made clear how far that shift has already gone. AI is now embedded in the core transaction layer across claims adjudication, prior authorization, pharmacy approvals and provider payments. Phone calls, manual reviews and multiday…...
Treasury Targets Healthcare Fraud With Proposed Whistleblower Payments
5+ mon, 1+ week ago (310+ words) The agency issued an advisory that highlights these schemes and encourages financial institutions to voluntarily report suspicious activity to FinCEN and law enforcement, and issued a proposed rule that would pay eligible whistleblowers who provide FinCEN with information about potential…...