Healthcare industry

A sharp decline in cash sent the Mission, Texas, Hospital District's rating further into junk territory, according to Moody's Investors Service.

Sacramento, Calif.’s creation of a long-term plan to fund its retiree healthcare benefits has put the city on a more sustainable trajectory, Moody's Investors Service said Friday.

The Wyoming Senate rejected a measure that would have expanded Medicaid in the state, a step Gov. Matt Mead had urged support of and that he said would have brought more federal money to Wyoming.

Verity Health System of California agreed to repay its $278.6 million in junk-rated revenue bonds at a higher interest rate in exchange for relaxed debt service coverage requirements.

New Jersey could achieve more than $2 billion in annual savings by aligning public worker health care benefits more closely to private-sector employer standards, according to a new report released Thursday by Gov. Chris Christie’s bipartisan pension commission.

Fiscally distressed Wayne County, Mich., expects $23 million in fiscal 2016 budget relief from cuts in retiree healthcare benefits that trimmed $850 million from its unfunded liabilities.

In a newspaper column Tuesday, the governor said he would not support budget cuts that could throw universities into financial exigency and close hospitals in order to deal with Louisiana's budget crisis.

California Controller Betty Yee urged public employee unions to negotiate prefunding of retiree healthcare benefits as her office's latest report identified California's OPEB liability at $74.1 billion.

An agreement transferring control of three Maui County hospitals to Kaiser Permanente is said to save the Hawaii government $260 million over 10 years.

Gov. Andrew Cuomo’s call for New York City to pay much more toward the City University of New York system and Medicaid is a financial gut punch.