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MEDICAL EXECUTIVE-POST – TODAY’S NEWSLETTER BRIEFING
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Nvidia is replacing Intel on the Dow Jones Industrial Average, a shakeup to the blue-chip index that replaces a flagging semiconductor company with the primary vendor of GPUs for AI.
CITE: https://tinyurl.com/2h47urt5
- Despite selling off last week, stocks spent Friday comfortably in the green thanks to strong earnings from big tech.
- Treasury yields rose back above 4.3% as bonds sold off and investors poured money into risk assets.
- Oil rose a bit on reports that Iran may retaliate against Israel sometime soon.
- Bitcoin was unable to hold the line and continued to fall today as crypto volatility continues to escalate ahead of the election.
CITE: https://tinyurl.com/tj8smmes
Bipartisan Legislation Aims to Stop Medicare Cuts & Boost Physician Pay in 2025
Physicians and other healthcare practitioners may get a pay boost in 2025 through a bipartisan bill recently introduced in Congress. The proposed bill seeks to block planned Medicare pay cuts next year and would provide the first inflationary update to physician pay in years. The Medicare Patient Access and Practice Stabilization Act would counteract the 2.8% cut to the conversion factor proposed by the Centers for Medicare and Medicaid Services (CMS) in the draft CY-2025 Physician Fee Schedule. A stop-gap pay fix is usually enacted by Congress at the end of the year.
Source: Emma Beavins, Fierce Healthcare [10/30/24].
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