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CVS sues Tennessee as PBM bill becomes law | Ōura Ring files paperwork to go public | Healthcare fraud busting | more

News You Need to Know Today
CVS sues Tennessee as PBM bill becomes law | Ōura Ring files paperwork to go public | Healthcare fraud busting | more
Wednesday, May 27, 2026
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Today's News and Trends

CVS sues Tennessee in latest challenge to state PBM laws

The same day that Tennessee Gov. Bill Lee signed a bill that would force pharmacy benefit managers to divest from retail pharmacies, CVS Health filed a lawsuit to block its implementation.

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CVS Health announces $10.6B acquisition of Oak Street Health
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CVS sues Tennessee in latest challenge to state PBM laws

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CVS Health announces $10.6B acquisition of Oak Street Health
The same day that Tennessee Gov. Bill Lee signed a bill that would force pharmacy benefit managers to divest from retail pharmacies, CVS Health filed a lawsuit to block its implementation.
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Company behind popular Ōura Ring files paperwork for IPO

Details are slim, but Ōura Health confirmed it submitted a draft registration with the Securities and Exchange Commission. The company received $900 million in new funding from investors in October. 

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Smart Ring
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Company behind popular Ōura Ring files paperwork for IPO

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Smart Ring
Details are slim, but Ōura Health confirmed it submitted a draft registration with the Securities and Exchange Commission. The company received $900 million in new funding from investors in October. 
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A month’s worth of fraud busting in 10 notable quotes

Ahead of June 1 to 5—Medicare Fraud Prevention Week—here’s a timeline of fraud-related news, views and developments as captured in concise statements uttered or written in May. 

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local fraud busters
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A month’s worth of fraud busting in 10 notable quotes

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local fraud busters
Ahead of June 1 to 5—Medicare Fraud Prevention Week—here’s a timeline of fraud-related news, views and developments as captured in concise statements uttered or written in May. 
READ MORE >

Licensing clinical AI like it’s a doctor: 3 medical leaders issue 6-step call

The change would represent an imperfect but, in many cases, perfectly appropriate way to oversee the technology without crimping its capabilities. So say three thought leaders who are close watchers of medical ethics and technologies. 

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doctor office
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Licensing clinical AI like it’s a doctor: 3 medical leaders issue 6-step call

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doctor office
The change would represent an imperfect but, in many cases, perfectly appropriate way to oversee the technology without crimping its capabilities. So say three thought leaders who are close watchers of medical ethics and technologies. 
READ MORE >

Featured Articles

5 more things to know about 3 hospitals’ $250M case against CVS

Last week hospitals owned by three big health systems filed suit against CVS Health. The trio filed separately, but all accuse the corporation of robbing them of funds they’re owed through the federal 340B drug pricing program. 

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attorney lawsuit lawyer
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5 more things to know about 3 hospitals’ $250M case against CVS

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attorney lawsuit lawyer
Last week hospitals owned by three big health systems filed suit against CVS Health. The trio filed separately, but all accuse the corporation of robbing them of funds they’re owed through the federal 340B drug pricing program. 
READ MORE >

Nationwide private-equity backed hospital chain announces shift to nonprofit business model

Quorum Health said the move will allow it to save money through tax exemptions and provide its 11 hospitals with access to the 340B Drug Pricing Program. The health system is majority-owned by Goldentree Asset Management.

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money cost cutting Medicare scissors dollar economics
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Nationwide private-equity backed hospital chain announces shift to nonprofit business model

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money cost cutting Medicare scissors dollar economics
Quorum Health said the move will allow it to save money through tax exemptions and provide its 11 hospitals with access to the 340B Drug Pricing Program. The health system is majority-owned by Goldentree Asset Management.
READ MORE >

Connecticut Medicaid program hit by data breach impacting 22,500 patients

The intrusion was caused by the compromised credentials of a Hartford HealthCare employee. Data stolen included full names, Medicaid ID numbers and patient treatment details.

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Cybersecurity lock
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Connecticut Medicaid program hit by data breach impacting 22,500 patients

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Cybersecurity lock
The intrusion was caused by the compromised credentials of a Hartford HealthCare employee. Data stolen included full names, Medicaid ID numbers and patient treatment details.
READ MORE >

Physical therapist sentenced in $11M Amtrak conspiracy, one of 19 to plead guilty

The U.S. Department of Justice says its investigation into the scheme to defraud Amtrak’s employee health plan resulted in 19 prosecutions, all resulting in guilty pleas. For her role in over $2.2M of fraudulent billing, physical therapist Taejin Kim will serve a year in prison.

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Amtrak eastbound Southwest Chief about to pass under Route 66
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Physical therapist sentenced in $11M Amtrak conspiracy, one of 19 to plead guilty

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Amtrak eastbound Southwest Chief about to pass under Route 66
The U.S. Department of Justice says its investigation into the scheme to defraud Amtrak’s employee health plan resulted in 19 prosecutions, all resulting in guilty pleas. For her role in over $2.2M of fraudulent billing, physical therapist Taejin Kim will serve a year in prison.
READ MORE >

In Case You Missed It

Judge: Gun, notebook allowed as evidence in Mangione murder trial

While Judge Gregory Carro ruled the search of a backpack worn by Luigi Mangione—the man accused of killing UnitedHealthcare CEO Brian Thompson—was unlawful, some of its key contents will still be allowed in at trial. 

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Luigi Mangione Mugshot Pennsylvania
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Judge: Gun, notebook allowed as evidence in Mangione murder trial

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Luigi Mangione Mugshot Pennsylvania
While Judge Gregory Carro ruled the search of a backpack worn by Luigi Mangione—the man accused of killing UnitedHealthcare CEO Brian Thompson—was unlawful, some of its key contents will still be allowed in at trial. 
READ MORE >

A novel way to take AI from lab to clinic + AI that admits uncertainty + AI brain rot = All in a week’s watchdogging

Consider three AI developments that caught our eye at HealthExec this week. 

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dog on skateboard
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A novel way to take AI from lab to clinic + AI that admits uncertainty + AI brain rot = All in a week’s watchdogging

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dog on skateboard
Consider three AI developments that caught our eye at HealthExec this week. 
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In Other News

Conduction system pacing after TAVR linked to improved outcomes in new meta-analysis

Researchers explored data from nearly 800 patients, focusing on a wide variety of outcomes.

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Conduction system pacing after TAVR linked to improved outcomes in new meta-analysis

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Researchers explored data from nearly 800 patients, focusing on a wide variety of outcomes.
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Medical spa owned by US senator hit with multiple lawsuits over poor mammography quality

Plaintiff attorneys have filed at least three proposed class-action lawsuits against the Greenbrier Clinic in Sulphur Springs, West Virginia. 

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court judge ruling case lawsuit dismissal gavel
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Medical spa owned by US senator hit with multiple lawsuits over poor mammography quality

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court judge ruling case lawsuit dismissal gavel
Plaintiff attorneys have filed at least three proposed class-action lawsuits against the Greenbrier Clinic in Sulphur Springs, West Virginia. 
READ MORE >

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