Over 20+ health care groups from all over the country have joined with a large number of plaintiffs in a lawsuit against every major health insurance company in America. The lawsuit alleges that the health insurance companies used software from a company named Claritev to create a price-fixing environment that allowed them to siphon billions of dollars from care providers and their patients. The stakes could not be higher for the health insurance companies as they could stand to lose billions and see major changes to how out-of-network care is priced and reimbursed for patients and private insurance. This episode examines an article from The Business Journals (subscription required) titled “Philadelphia-area physician groups join massive suit alleging price fixing by ‘mafia enforcer’ for major insurers.”

Mosaic, a French high-speed trading firm, recently complained to Eurex and European regulators about other high-speed trading firms using a method in which they bombard an exchange with ‘useless data.’ This maneuver buys them just enough time to react fractionally faster to market-moving information. This move is apparently making certain high-speed firms a lot of money. This episode reviews as article from The Wall Street Journal (subscription required) titled “High-speed traders are feuding over a way to save 3.2 billionths of a second.”

When President Trump declared ‘liberation day’ back in April economists were quick to predict that increased tariffs would ‘wreck the economy’ leading to a recession, increased inflation, and increased unemployment. Eight months later, tariff revenue is flowing in, GDP is strong, inflation has held steady, and the employment market is okay. The world has not ended. Why did economists get it so wrong? This episode reviews an article from The Wall Street Journal (subscription required) titled “Why everyone got Trump’s tariffs wrong.” This article examines the predictions made on employment, prices, tariff revenue, economic growth, manufacturing, and trade balance.