IC issues cease and desist order vs Caritas Health due to fraud | Inquirer Business

MANILA, Philippines — The Insurance Commission (IC) has ordered the health maintenance organization Caritas Health Shield Inc. to stop selling and transacting new HMO products and businesses due to alleged fraud. In a statement Wednesday, the regulator said Insurance Commissioner Dennis B. Funa last July 8 issued the cease-and-desist order against Caritas Health following “numerous

Dow tops 27,000 for first time on health care stock gains, rate cut hopes | Fox Business

Federal Reserve Chair Jerome Powell discusses the biggest concerns weighing on the Fed’s outlook for the U.S. economy. Surging health care stocks lifted the Dow Jones Industrial Average on Thursday above 27,000 for the first time as the White House backtracked on a proposed rule to eliminate rebates that flow from drugmakers to middleman pharmacy benefit managers. The S&P 500 also closed at