Nov 17, 2017

California hospital system destroyed antitrust evidence

Nurses protest outside a Sutter Health hospital in 2007. Photo: Paul Sakuma / AP

Sutter Health, a California-based network of hospitals and doctors, knowingly destroyed massive amounts of evidence that were relevant to a lawsuit that accuses the not-for-profit system of anticompetitive practices and price-gouging, Chad Terhune reports for California Healthline. Sutter said it made a "mistake," but a judge said Sutter was, at best, "grossly reckless."

Why it matters: It's a damning revelation against a large hospital system, and it's worth watching to see if there will be any penalties. Hospitals and doctors have consolidated rapidly over the past decade, which experts say has contributed to rising health care costs.

Go deeper

Coronavirus spreads to more countries, and U.S. ups its case count

Data: The Center for Systems Science and Engineering at Johns Hopkins, the CDC, and China's Health Ministry. Note: China numbers are for the mainland only and U.S. numbers include repatriated citizens.

The novel coronavirus continues to spread to more nations, and the U.S. reports a doubling of its confirmed cases to 34 — while noting those are mostly due to repatriated citizens, emphasizing there's no "community spread" yet in the U.S. Meanwhile, Italy reported its first virus-related death on Friday.

The big picture: COVID-19 has now killed at least 2,359 people and infected more than 77,000 others, mostly in mainland China. New countries to announce infections recently include Israel, Lebanon and Iran.

Go deeperArrowUpdated 5 hours ago - Health

Wells Fargo agrees to pay $3 billion to settle consumer abuse charges

Clients use an ATM at a Wells Fargo Bank in Los Angeles, Calif. Photo: Ronen Tivony/SOPA Images/LightRocket via Getty Images

Wells Fargo agreed to a pay a combined $3 billion to the Justice Department and the Securities and Exchange Commission on Friday for opening millions of fake customer accounts between 2002 and 2016, the SEC said in a press release.

The big picture: The fine "is among the largest corporate penalties reached during the Trump administration," the Washington Post reports.