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(Reuters) – General Motors Co said on Monday it expects to end production of the Chevrolet Cruze at its Lordstown, Ohio assembly plant on Wednesday, the first of five plants it is idling this year in North America hugo boss cufflinks nordstrom. A GM spokesman said the company is “ahead of the production schedule” and added that production had been scheduled to end Friday “but now it looks like it will finish up Cruze production on Wednesday.”. Last week, the United Auto Workers union sued GM over its decision to end production and eliminate thousands of jobs U.S. auto plants, saying it violated a 2015 collective bargaining agreement..
The UAW has asked a federal judge to order GM to rescind its November decision to close three plants in Michigan, Ohio and Maryland, and award damages to employees for losses from what the UAW calls GM’s breach of contract hugo boss cufflinks nordstrom. GM said last week that its decisions to halt production “do not violate the provisions of the UAW-GM National Agreement. We continue to work with the UAW on solutions to our business challenges.”. GM said in November it was cutting up to 15,000 jobs and ending production at five plants in North America, including one in Canada. Last month, GM said it extended production at its Detroit Hamtramck plant until January 2020, after earlier saying it planned to discontinue production in June..
(Reuters) – The Trump administration is working on a new payment approach for treating kidney disease that favors lower cost care at home and transplants, a change that would upend a dialysis industry that provides care in thousands of clinics nationwide hugo boss cufflinks nordstrom. The goal is to reduce the $114 billion paid by the U.S. government each year to treat chronic kidney disease and end-stage renal disease, a top area of spending. The U.S. Centers for Medicare and Medicaid Services (CMS), which provides Medicare health benefits to more than 55 million Americans, is looking at a trial payment design that would improve care in the early stages of kidney disease, increase access to kidney transplants and favor home dialysis over clinic-based treatment, CMS head Seema Verma told Reuters in an interview..
“A lot of the way the program has been set up, it creates a lot of perverse incentives to actually keep people in an institutional setting,” said Verma, who first signaled in a speech this year that CMS wanted to curb costs and improve quality of life for kidney disease patients through a new payment structure. Indeed, consultants say home dialysis has been slow to take off because doctors prefer to send patients to clinics. The changes pose a particular risk to DaVita Inc and Fresenius Medical Care AG, which operate more than 5,000 U.S. dialysis clinics and control around 70 percent of the market hugo boss cufflinks nordstrom.
Shares of DaVita and Fresenius Medical Care both fell, with DaVita off 3 percent at $55.36. Fresenius Medical Care closed down 2.2 percent in Frankfurt. They could also provide an opening for new rivals, including CVS Health Corp, which seeks to offer lower-cost home dialysis, and startups Cricket Health and Somatus, which focus on early intervention to slow progression to kidney failure hugo boss cufflinks nordstrom. “We have to be open to what I’m hearing coming out of (CMS), that they want to look at different ways for us being paid and how can we really try to create more opportunities for these patients to be better served,” Fresenius Medical Care Chief Executive Rice Powell told analysts..