Buying From Mark Cuban’s Pharmacy Could Save Medicare Billions, Study Says

Medicare’s prescription-drug program could save billions of dollars annually if it purchased generic acid-reflux, cancer and other drugs from a new pharmacy backed by investor Mark Cubanaccording to Harvard Medical School researchers. Mr. Cuban, the billionaire internet entrepreneur and owner of the NBA’s Dallas Mavericks, launched his pharmacy in January with an eye toward disrupting … Read more

ESIC to cover entire India under ESI scheme by year-end

The Employees’ State Insurance Corporation (ESIC) on Sunday decided its health insurance scheme ESI will be implemented throughout the country by the end of 2022. Presently, the Employees’ State Insurance (ESI) Scheme is fully implemented in 443 districts and partially implemented in 153 districts. A total of 148 districts are not covered under the ESI … Read more

Warren Buffett Says Markets Have Become a ‘Gambling Parlor’

OMAHA, Neb. — As recently as February, Warren Buffett lamented he wasn’t finding much out there that was worth buying. That is no longer the case. After a yearslong deal drought, Mr. Buffett’s Berkshire Hathaway Inc. BRK.B -2.55% is opening up the spending spigot again. It forged an $ 11.6 billion deal to buy insurer … Read more

LIC IPO size trimmed, 3.5 per cent of government holding to be offered against 5 per cent earlier

The government proposes to scale down the size of the Initial Public Offering (IPO) of Life Insurance Corporation of India (LIC) by 1.5 percentage point or around 9.4 crore shares. The issue is expected to hit the market early next month. Sources told BusinessLine that the board of the insurance behemoth met on Saturday and … Read more

Health insurance: Covid claims doubled in FY22 due to Delta variant

Covid-19 cases may have eased in recent months and the third wave was not as severe as expected, but Covid related health insurance claims surged this fiscal, possibly led by the Delta variant. Insurers continue to remain under pressure despite increased awareness and purchase of such covers. While there were 9.83 lakh Covid related claims … Read more

FN25: How Amanda Blanc led the way for women in the FTSE

As part of our 25th anniversary celebrations, Financial News has profiled 25 of the most influential figures in the City over the past quarter of a century. Here’s why Amanda Blanc made the cut. As one of just eight female CEOs in the FTSE 100, and head of a financial services firm that can boast … Read more