Ohio State Medical Association Senate reform plan will overburden Medicaid — MedCity Evening Read, Nov. 25, 2009

News and notes from the day in MedCity, Ohio.

Dr. Roy H. Thomas, president of the Ohio State Medical Association, is concerned that the Senate’s health system reform proposal H.R. 3590, the Patient Protection and Affordable Care Act, would expand an already overburdened Medicaid program in Ohio. The legislation ”does not include several important cost saving measures, including medical liability reform,” nor does it “ensure a more stable and secure Medicare system for the patients it serves, by not repealing the flawed Medicare physician payment formula,” Thomas said in a written statement.

The Securities and Exchange Commission has distributed more than $2 billion this year year to injured investors as a result of the commission’s enforcement actions and proceedings, according to WebCPA. The distributions include $35 million to Cardinal Health investors who accused the pharmaceutical distributor in Dublin – Ohio’s largest corporation — of accounting fraud.