What President Biden's New Law Means for Investors

President Biden just signed a new law approving billions of dollars for one small but growing industry, and investors like Bill Gates and Peter Thiel are all over it. This expert just went public with all the details, including which stocks to jump on immediately.

Supreme Court sides with Native American tribes in health care funding dispute with government

LINDSAY WHITEHURST
June 06, 2024

WASHINGTON (AP) -- The Supreme Court sided with Native American tribes Thursday in a dispute with the federal government over the cost of health care when tribes run programs in their own communities.

The 5-4 decision means the government will cover millions in overhead costs that two tribes faced when they took over running their health care programs under a law meant to give Native Americans more local control.

Covering those costs is "necessary to prevent a funding gap," Chief Justice John Roberts wrote in the majority opinion. Not reimbursing them forces tribes to "pay a penalty for pursuing self-determination."

The Department of Health and Human Services had argued it isn't responsible for the potentially expensive overhead costs associated with billing insurance companies, Medicare and Medicaid.

Paying those costs for all tribes that run their own health care programs could total between $800 million and $2 billion per year, the agency said.

"The extra federal money that the Court today green-lights does not come free," Justice Brett Kavanaugh wrote in the dissent, which was joined by Justices Clarence Thomas, Samuel Alito and Amy Coney Barrett. "In my view, the court should leave those difficult appropriations decisions and tradeoffs to Congress."

The federal Indian Health Service has provided tribal health care since the 1800s under treaty obligations, but the facilities are often inadequate and understaffed, the San Carlos Apache Tribe in Arizona said in court documents.

Health care spending per person by the IHS is just one-third of federal spending in the rest of the country, the Northern Arapaho Tribe in Wyoming said in court documents. Native American tribal populations have an average life expectancy of about 65 years, nearly 11 years less than the U.S. as a whole.

The tribes contracted with IHS to run their own programs ranging from emergency services to substance-abuse treatment. The agency paid the tribes the money it would have spent to run those services, but the contract didn't include the overhead costs for billing insurance companies or Medicare and Medicaid, since other agencies handle it when the government is running the program.

The tribes, though, had to do the billing themselves. That cost the San Carlos Apache Tribe nearly $3 million in overhead over three years and the Northern Arapaho Tribe $1.5 million over a two-year period, they said. Two lower courts agreed with the tribes.

The Department of Health and Human Services appealed to the Supreme Court, arguing that that tribes do get some money for overhead costs but the government isn't responsible for costs associated with third-party income.

The majority of federally recognized tribes now contract with IHS to run at least part of their own health care programming.

Continue Reading...

Popular
Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Tommy Tuberville Sells Several Large Stock Positions, Makes New Buys: Here's What The US Senator Is Betting On Now

Senator Tommy Tuberville disclosed numerous stock trades on Friday June 14. A look at some of the key highlights.

Top 2 Utilities Stocks That May Rocket Higher In June

Top 2 Utilities Stocks That May Rocket Higher In June

The most oversold stocks in the utilities sector presents an opportunity to buy into undervalued companies.

5 Wall Street Legends Just Bought This One Stock - Ad

"If you're not at the table, you're on the menu," says former Goldman Sachs VP, Dr. David Eifrig.

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Putin's Daughters Enter The Limelight As Russian President Considers His Legacy: 'Young Daughters Represent Vitality For Him'

Vladimir Putin's daughters are making public appearances as the Russian president contemplates his legacy.

Elon Musk's Parents Weren't Interested In Moving To The US, But He Got The Paperwork Done For Everyone Except His Father: 'You'll Never Be Successful'

Elon Musk's Parents Weren't Interested In Moving To The US, But He Got The Paperwork Done For Everyone Except His Father: 'You'll Never Be Successful'

Elon Musk's journey to the U.S. began without his father Errol Musk's support, highlighting a strained relationship and significant family tensions.

Man Who Called Nvidia at $1.10 Says Buy This Now... - Ad

In 2004, a man predicted Nvidia's rise. Now, he says a new company, which IPO'd in 2023, could soar like Nvidia. It signed a major deal with Apple for its AI tech in iPhones and iMacs. Could it be the next trillion-dollar company? See why he believes it's among "The Next Magnificent Seven."

Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

Trump Vs. Biden: Latest Poll Results In Key State Of Virginia Spells Trouble For One Candidate And His Party

A recent poll shows a tie between President Joe Biden and former President Donald Trump in Virginia, a state that has been under Democratic control for the last two decades.

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Trump's Niece Says Insane To Pardon 'Convicted Criminal Who's Trying To Destroy America': 'Absolutely Terrible Idea'

Donald Trump's niece Mary Trump recently slammed the idea of pardoning the ex-president after he was found guilty in the first of his four criminal trials.

Elon Musk's Crazy New Experiment...REVEALED - Ad

On January 28th of 2024... Elon Musk launched a crazy AI experiment involving a real human in California. Elon already invested $100 million of his own money into this AI project... Because he knows the profits here could be ridiculous.

Elon Musk Says Donald Trump Calls Him For No Reason: 'I Don't Know Why'

Elon Musk Says Donald Trump Calls Him For No Reason: 'I Don't Know Why'

Tesla CEO Elon Musk unveiled details of his interactions with former President Donald Trump during the company's shareholder meeting.

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Model 3 Long Range Now Qualifies For Full $7,500 Tax Credit

Tesla Inc (NASDAQ: TSLA) announced the new Model 3 Long Range (LR) now qualifies for the full $7,500 federal tax credit in the

Collect 10%+ Dividends From AI's Explosive Growth? - Ad

This one-of-a-kind fund is set to pay out a tsunami of profits to shareholders... Giving you the chance to collect 10%+ dividend yields, year after year! In his brand-new "AI Income Playbook," Marc Lichtenfeld gives you the full scoop on this breakthrough fund... Including its name, ticker symbol, and profit potential.

Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race

Trump Vs. Biden: Hush-Money Conviction Signals Good News For One Candidate In Tight Presidential Race

Ahead of the 2024 presidential election, President Joe Biden has taken a narrow lead over former President Donald Trump in a recent poll, following Trump's felony conviction.

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

Micro communities for the homeless sprout in US cities eager for small, quick and cheap solutions

ATLANTA (AP) — In a dreary part of downtown Atlanta, shipping containers have been transformed into an oasis for dozens of previously unsheltered people who now proudly call a former parking lot home.

Nvidia Is Pivoting to Solve Big Tech's $1 Trillion Problem - Ad

Nvidia is the hottest company in the world thanks to its chip business. But here's the thing: Nvidia is making a massive $1 trillion pivot ... To solve AI's biggest problem. But it's not making this move by itself. A new set of companies are partnering with Nvidia in this trillion-dollar venture.

Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says

Missile attacks by Yemen's Houthi rebels strike 2 ships in the Gulf of Aden, US military says

MANAMA, Bahrain (AP) — Missile attacks by Yemen's Houthi rebels struck two ships in the Gulf of Aden, authorities said Sunday, the latest assaults on shipping in the region.

Silicon Valley-backed voter plan for new California city qualifies for November ballot

Silicon Valley-backed voter plan for new California city qualifies for November ballot

SAN FRANCISCO (AP) — A Silicon Valley-backed initiative to build a for up to 400,000 people in the San Francisco Bay Area has qualified for the Nov. 5 ballot, elections officials said Tuesday.

AI Alert: Wealth Window Update - Ad

I'm James Altucher, AI expert at Paradigm Press. On June 25, tech giants like Nvidia, Dell, and Alibaba could reveal "AI 2.0." This limited wealth-building window could turn $10k into $1 million with strategies I've perfected over 40 years. Act fast before everyone catches on!

Waffle House raises worker pay after strikes and pressure from labor organizers

Waffle House raises worker pay after strikes and pressure from labor organizers

Waffle House is increasing pay for its after a year-long push from .

Tesla Customizer Upfits Cybertruck For The Police Forces, Elon Musk Thinks It's 'Cool'

Tesla Customizer Upfits Cybertruck For The Police Forces, Elon Musk Thinks It's 'Cool'

California-based Unplugged Performance customized the Tesla Cybertruck for law enforcement with siren systems, light bars, and specific graphics.

Claim Your Free "AI Income Playbook" Now! - Ad

Income expert Marc Lichtenfeld has a special gift reserved just for you... It's his brand-new "AI Income Playbook" - and it's yours FREE! Inside, you'll discover how to tap the unlimited profit potential of artificial intelligence... With three explosive AI stocks that are handing out monster dividends like clockwork.

Inflation data this week could help determine Fed's timetable for rate cuts

Inflation data this week could help determine Fed's timetable for rate cuts

WASHINGTON (AP) — After Federal Reserve officials meet this week, a statement they will issue may suggest that they’ve seen meaningful this year — a prelude to eventual interest rate cuts.

Robert F. Kennedy Jr. Is Facing Significant Financial Challenges In His Run Against Donald Trump And Joe Biden: Report

Robert F. Kennedy Jr. Is Facing Significant Financial Challenges In His Run Against Donald Trump And Joe Biden: Report

Robert F. Kennedy Jr.'s presidential campaign is grappling with significant financial challenges, impacting his ability to gain traction as a third-party contender in the 2024 election.

A Silent Invasion of America - Ad

America's southern border is in chaos, but a more alarming invasion is occurring nationwide. This unprecedented event will reshape the country dramatically, equating to 300 years of change in just 24 months. I've discovered startling facts that every American must know before it's too late.

The fizz is gone: Atlanta's former Coca-Cola museum demolished for parking lot

The fizz is gone: Atlanta's former Coca-Cola museum demolished for parking lot

ATLANTA (AP) — Once a shrine to the world's most popular soft drink, the building that housed the original World of Coca-Cola is going flat at the hands of Georgia's state government.

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Microsoft, Amazon Or Palantir: Reddit Users Debate How To Invest $4,900

Reddit users debate best stock picks for $4.9K investment. Microsoft and Amazon seen as strong choices, while Palantir's potential sparks debate.

America's No. 1 AI Dividend Stock Revealed - Ad

Marc Lichtenfeld has just gone public with his No. 1 AI dividend stock. in his new "AI Income Playbook", you'll discover why this firm has become Marc Lichtenfeld's "No. 1 AI dividend stock"... Including its name, ticker symbol, and a full breakdown of its AI profit potential.

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

UAW President Shawn Fain Under Federal Scrutiny For Alleged Retaliation Against Union Leaders, Monitor's Probe Widens

Shawn Fain, the president of the United Auto Workers, is under investigation by an independent federal monitor for alleged retaliation against other union leaders.

Judge overseeing NFL 'Sunday Ticket' trial voices frustrations over the case

Judge overseeing NFL 'Sunday Ticket' trial voices frustrations over the case

LOS ANGELES (AP) — The federal judge presiding over the filed by “Sunday Ticket” subscribers against the NFL voiced frustrations Tuesday with the way the plaintiffs' attorneys have handled their side of the case.

Amazon's Betting Big on This Unknown AI Company - Ad

Amazon has just made a stunning $144 million investment in one small AI company. Why? Because this under-the-radar firm holds the key to unleashing the full potential of next-gen AI... Its technology is crucial for the most advanced AI chips, including Nvidia's latest breakthrough.

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Biden, Trump Should Both Drop Out Of 2024 Election, Leading Pollster Says: 'Country Would Be Better Served'

Leading pollster Nate Silver suggests that Joe Biden should drop out of the 2024 presidential election.

The 'AI Big 10': 10 AI Stocks Now Comprise 28% Of S&P 500, Up From 14% In 2023

The 'AI Big 10': 10 AI Stocks Now Comprise 28% Of S&P 500, Up From 14% In 2023

SPDR S&P 500 ETF has risen 30% in 8 months, thanks to AI stocks taking up large part of index. NVIDIA's success accounts for half of S&P 500's growth.

Wall St. Legend: Millions of Americans About to Fall Out of the 1% - Ad

Wall Street insider reveals the financial tidal wave about to knock millions of Americans out of the One Percent. Predicts it will be far worse for everyone else. Warns EVERYONE to seek higher ground now!

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple's Warranty Updates, iPhone Support Duration, And More: This Week In Apple News

Apple Inc. has been in the spotlight this week with policy changes and revelations. From cracked screen repairs to iPhone support period, here's a round-up of the top stories.

Biden Administration Can Continue To Request Social Media Post Removals, Rules Supreme Court: 'This Work Can Continue As The Country Faces Ongoing Threats'

Biden Administration Can Continue To Request Social Media Post Removals, Rules Supreme Court: 'This Work Can Continue As The Country Faces Ongoing Threats'

The U.S. Supreme Court has ruled 6-3 in favor of the Biden administration's right to work with social media companies to remove posts deemed as misinformation.

The Nanotech Startup on a Mission to Save Millions of Lives - Ad

With a groundbreaking technology that repels deadly pathogens, this tiny company is taking on the global threat. Their innovative approach could transform infection control forever.

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Management Reportedly Builds $2B Stake In Southwest Airlines, Plans To Push For Change

Elliott Investment Management, an activist investor, has built a nearly $2 billion stake in Southwest Airlines, and is set to advocate for changes to enhance the airline's underperforming shares.

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan's Top Strategist Sticks To Bearish S&P 500 Forecast, Warns Of 2008-Like Crash: 'Equities Continue To Price In Little Downside Risk'

JPMorgan Chase maintains bearish outlook on US stock market, predicting decline despite record highs. Fed may adjust projections and risks are abundant, but S&P 500 forecasts remain unchanged.

Buy This Sub-$5 Play on His Final Masterpiece - Ad

I just issued my latest prediction on how this billionaire is about to shock the world with what I believe will be his final masterpiece. Once he flips the switch... Which could happen as early as mid-2024... I believe it could send this sub-$5 play skyrocketing in the coming months.

Trump's Niece Says Ex-President 'Not Somebody Who Should Go Anywhere Near Levers Of Power,' Slams Media Coverage Of His Vegas Rally

Trump's Niece Says Ex-President 'Not Somebody Who Should Go Anywhere Near Levers Of Power,' Slams Media Coverage Of His Vegas Rally

The media sees its role as translating Donald Trump to make him palatable to people, who aren't watching the rallies, said Mary Trump.

Trending Now

Information, charts or examples are for illustration and educational purposes only and not for individualized investment management This message contains commercial elements, such as advertising. We only send these offers to those who have opted in to our newsletter. Past performance is not indicative of future results. For these reasons we strongly suggest trading in a DEMO/Simulated account. The information provided by us is for educational and informational purposes only. We make no representations or warranties concerning the products, practices or procedures of any company or entity mentioned or recommended and have not determined if the statements and opinions of the advertiser are accurate, correct or truthful. If you use, act upon or make decisions in reliance on information contained or any external source linked within it, you do so at your own peril and agree to hold us, our officers, directors, shareholders, affiliates and agents without fault.

Copyright finstrategist.com
Privacy Policy | Terms of Service