President Obama’s administration has published new standards for Medicaid private insurance plans on Monday. The US Medicaid system costs around $500 billion a year and has been acknowledged as one of the major components for federal budget. Since the concerned laws are a decade old, revisions appear to be a call of time.
Michael Pearson, CEO of Canadian pharmaceutical company Valeant, will give his testimony before the Senate on Wednesday regarding his price hiking strategy. Meanwhile, Valeant has appointed a new CEO to replace him.
Three-times NFL champion Washington Redskins filed petition to ask the US Supreme Court to evaluate its brand name case. The controversy surrounding the name arose in 2014.
The national legislation of China is planning to vote in favour of a draft law, implementing strict controls over international non-government groups. As part of the new law, police would be allowed to question managers and compel partner companies in China to axe any suite that poses a danger to the security of the state.
