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In the first settlement with any health insurer over allegations of fraud tied to Medicare's prescription drug contracting plan, Humana settled the whistleblower suit "without admitting any wrongdoing," said the insurer.

Catastrophic claims and specialty prescription drugs are contributing to the increase.

After a federal appeals court blocked the Saving on a Valuable Education forgiveness plan in early August, President Biden appealed to the high court last week to reinstate the program, which would lower payments for borrowers.

Cost Plus works directly with drug manufacturers to bypass middle men and lower prices.

The firm mismanages its $3.4 billion 401(k) plan by overpaying for administrative services and using money forfeited by former employees, the class action lawsuit alleges.

Ameriprise, Edward Jones and other big names in wealth management have agreed to pay hefty fines, after a years-long sweep of 26 firms for "widespread and longstanding failures" to preserve electronic communications.