Pharma giant could lose payment of $1.7 billion opioid deal as deal threatens to fall apart

Business From Shannon Taler June 16, 2023 | 9:44 The 125-year-old pharmaceutical giant behind morphine and codeine owes $200 million by day’s end Friday to an opioid victims’ compensation fund and could reportedly renege on payment as deal threatens to crumble . Mallinckrodt, which began manufacturing morphine, codeine and other potent painkillers in 1898, reached … Read more

Budget bottleneck threatens health insurance cost-cutting program

Virginia’s state budget bottleneck is casting a shadow on a new state program that this year resulted in a 19.5 percent reduction in the cost people pay for health insurance. As a result, that could mean a steep increase in premium rates if the House of Delegates and state Senate can’t figure out how to … Read more