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United States | Publication | November 2023
Healthcare in America is big business. With annual expenditures in 2021 topping US$4.5 trillion, healthcare spending consumes 18.3 percent of the US gross domestic product. More than half of personal healthcare expenditures in the US are subsidized financially by the public sector, which makes government a key policy actor.
Susan Feigin Harris, Elise LeGros, Kathleen Rubinstein (Houston), Jeff Wurzburg (San Antonio/Washington, DC) and David Aplington (St. Louis), with Stacey Murphy (St. Louis), Mark Faccenda (Washington, DC), Denise Webb Glass, Jennifer Ann McDaniel (Dallas), Susan Linda Ross and Gerald A. Stein (New York) address a multitude of laws and regulations governing the US healthcare industry in their Lexology article, "Getting the Deal Through: Healthcare Regulation 2024."
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The Court of Appeal has overturned a 2023 High Court decision in Manolete v White [2024], ruling that courts cannot issue injunctions requiring members to draw down their occupational pensions to make them available to judgment creditors.
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The Chancellor presented her maiden Budget on October 30, 2024.
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On October 29, 2024, the PPF published a response to its March 2024 consultation, confirming that it would proceed with its proposal to give actuaries the option of using a bespoke discount rate assumption in s. 143 valuations of smaller pension schemes.
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