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Month: September 2024

BurgerFi files for bankruptcy protection, plans to keep all locations open

BurgerFi files for bankruptcy protection, plans to keep all locations open

Fort Lauderdale-based BurgerFi has filed for Chapter 11 bankruptcy protection but plans to keep all of its stores including several in Central Florida open while it figures out how to climb out of its debt.

The company, known for high-quality burgers, hot dogs and craft beer and wine, acquired Anthony’s Coal Fired Pizza & Wings in 2021 but has been signaling possible financial trouble for months as it coped with rising food prices and declining sales.

In May it announced it was undergoing a “strategic review process” and offered no assurance that the process would result in an outcome “favorable to the Company or its shareholders.”

ACA enrollment platforms suspended over alleged foreign access to consumer data

ACA enrollment platforms suspended over alleged foreign access to consumer data

Julie Appleby | (TNS) KFF Health News

Suspicions that U.S. consumers’ personal information could be accessed from India led regulators to abruptly bar two large private sector enrollment websites from accessing the Affordable Care Act marketplace in August.

New details about the suspensions come in legal filings made late Friday stemming from an effort by the two to regain access to the Obamacare marketplace before the upcoming ACA open enrollment period, which starts Nov. 1.

The Centers for Medicare & Medicaid Services wrote in a Sept. 2 letter to the companies that they were suspended after the agency identified “a serious lapse in the security posture” that could have led to marketplace data, including consumers’ personal information, being accessed from overseas.

The letter, included in the court filings, also noted that regulators will audit the two companies because they have “reasonable suspicion” that they are players in a separate problem: signing people up for Obamacare coverage — or changing their policies — without the consumers’ permission. read more