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Amazon, JPMorgan Chase and Berkshire Hathaway entered the healthcare arena Tuesday with their collaboration on a new company designed to cut healthcare costs for their U.S. employees.

This move has been a long time coming for Amazon, which has increased its involvement in healthcare-related ventures over the last few years, leaving multiple media outlets to speculate about a potential healthcare industry entrance.

Here is a breakdown of Amazon's healthcare ventures, investments and hirings reported by Becker's Hospital Review since mid-2016.

April 2016. Amazon equippe...

Accused of offering borrowers “unfair and deceptive” mortgage modifications

Nationstar Mortgage, the nonbank now known as Mr. Cooper, allegedly put hundreds of borrowers in Massachusetts at a heightened risk of foreclosure by offering them “unfair and deceptive” mortgage modifications, the state’s attorney general said Tuesday.

Massachusetts Attorney General Maura Healey announced Tuesday that the state reached a settlement with Nationstar that will require the company to provide “millions of dollars” in principal reductions to the affected borrowers,...

Amazon, Berkshire Hathaway and JPMorgan Chase & Co. are launching a new company aimed at cutting healthcare costs for their U.S. employees. 

Here are six things to know about the partnership.

1. In addition to reducing healthcare costs, the companies are aiming to improve employee satisfaction through the new venture. Amazon, Berkshire Hathaway and JPMorgan are hoping the sheer size of each company and their complementary areas of expertise will help them tackle these issues.

2. "Our people want transparency, knowledge and control when it comes to managing their healt...

Bank of America agreed to pay $3.4 million to the federal government to settle whistleblower claims filed by Miami attorney Bruce Jacobs.

The Jan. 5 agreement stems from allegations that the bank did not meet documentation standards for foreclosures and bankruptcies even after agreeing to do so as part of a $25 billion consent judgment involving Bank of America and four other mortgage servicers.

“Instead of intending to comply with the servicing standards for foreclosures as provided in the … consent judgment, the defendants intended to commit new misconduct by...

A huge sell-off in the bond market is about to make buying a home more expensive. Mortgage rates, which loosely follow the yield on the 10-year Treasury, have been rising for the past few weeks, but are seeing their biggest move higher Monday.

"Bottom line, rate sheets are going to be ugly this morning," wrote Matthew Graham, chief operating officer of Mortgage News Daily. "Some lenders will be at 4.5 percent on their best-case-scenario 30-year fixed quotes."

That is the highest rate since 2014.

The average rate on the popular 30-year fixed started the year right arou...

Over the last few months, Anthem, the nation's biggest health insurer, has informed customers in several states that if they show up at the emergency room with a problem that later is deemed to have not been an emergency, their ER claim won't be paid.

The policy has generated protests from numerous physician groups, including ER doctors, as well as pointed questions on Capitol Hill and among state regulators. So Anthem has taken the obvious next step: This year, it's rolling out the policy in three additional states. Prior to Jan. 1, the policy was in effect in Geor...

Ocwen Financial is getting closer to putting its mortgage servicing issues with more than half the country’s state regulators in the past.

The company disclosed Friday in a filing with the Securities and Exchange Commission that it reached a settlement with two more of the 31 states that took regulatory actions against the nonbank last year over alleged escrow and other servicing issues.

But that wasn’t the only interesting item that Ocwen disclosed in its 8-K filing.

Ocwen also disclosed that it inked a new version of its massive mortgage servicing rights deal w...

A former Wells Fargo mortgage banker in Beverly Hills who was fired and later fined by federal regulators has sued the bank, saying he was used as a scapegoat and that regulators ignored his attempts to report bad practices.

David Eghbali, who had been one of the bank's top mortgage bankers, said the bank fired him improperly as part of a scheme to focus investigators "on David's possible minor violations … and away from Wells Fargo's own predatory mortgage pricing policies."

Specifically, Eghbali said the actions that led to his firing and to a fine levied by the Co...

Members of the Senate Banking Committee say the Office of the Comptroller of the Currency has not made necessary changes after the unauthorized accounts scandal at Wells Fargo & Co.

In a letter sent Wednesday to Joseph Otting, who was sworn in as comptroller of the currency in November, six committee Democrats said the bank regulator does not appear to have made any progress on recommendations made in an internal report in April. That leaves consumers vulnerable to abuses by other big banks, they said.

The report, which identified how the office of the comptroller of...

The AHA, America’s Health Insurance Plans, American Medical Association, American Pharmacists Association, Blue Cross Blue Shield Association and Medical Group Management Association today released a consensus statement outlining their shared commitment to improving the prior authorization process.

According to the statement, the organizations will work to reduce the number of health care professionals subject to prior authorization requirements based on their performance, adherence to evidence-based medical practices or participation in a value-based agreement with...

WASHINGTON, Jan. 17, 2018 /PRNewswire-USNewswire/ -- The American College of Emergency Physicians (ACEP) today launched a new video to push back on a dangerous policy by Anthem Blue Cross Blue Shield (BCBS) to deny coverage for emergency patients. If the insurance giant decides your visit to the ER was not an emergency, based on their undisclosed lists of diagnoses, they'll leave patients with the entire bill.

"Anthem's policy has deadly serious implications for patients," said Paul Kivela, MD, FACEP, president of ACEP. "Anthem is risking patients' lives by forcing...

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