Two months after one of its bankers accidentally sent nearly $1 billion to the wrong people, Citigroup agreed to pay $400 million to federal regulators over long-running problems keeping its daily operations under control.
Most research and media coverage focuses on how burdensome these bills are for the patients who receive them. As health economists and policy analysts, we think there is a broader impact of surprise billing that deserves to share the spotlight.
JPMorgan Chase is set to pay a record $920 million to resolve probes from three federal agencies over its role in the manipulation of global markets for metals and Treasurys. The figure was released Tuesday morning by the Commodity Futures Trading Commission in a statement from Commissioner Dan Berkovitz.
Citigroup C has agreed to pay $4.5 million in fine to a U.S. regulator for losing millions of audio files, including recordings it had subpoenaed, despite being warned of faults in its audio preservation system.
As a Texas-led lawsuit to end the Affordable Care Act made its way through the federal courts in 2018, Gov. Greg Abbott pledged that should his state’s legal team succeed, he and his policymakers would have a plan ready to keep Texans — including the millions with preexisting health conditions — insured.
The health insurance group may pay $2.7 billion to resolve allegations that the chain blocked competition. The nation’s Blue Cross plans have reached a tentative $2.7 billion settlement in a federal lawsuit filed by their customers that accuses the group of engaging in a conspiracy to thwart competition among the individual companies, according to two people with knowledge of the discussions.
Governor Gavin Newsom signed a law in late August that included targeted protections to shield tenants from evictions due to COVID-19-related back rent. The law also protects property owners from foreclosure due to the economic impacts of COVID-19.
- Citigroup is fined $400 million over ‘longstanding’ internal problems.
- Surprise Medical Bills Increase Costs for Everyone, Not Just for the People Who Get Them
- JPMorgan Chase to pay record $920 million to resolve U.S. investigations into trading practices
- Citi to Pay $4.5M Penalty for Losing Subpoenaed Audio Files
- High stakes for Texas’ legal challenge to the Affordable Care Act