Debunked Episode 20: A Look at H-1B Visas in Healthcare, M&A Deals for Bitcoin and More - MedCity News
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Debunked Episode 20: A Look at H-1B Visas in Healthcare, M&A Deals for Bitcoin and More - MedCity News
"MedCity News Editor in Chief Arundhati Parmar talked about the merits and challenges of the program in general and specifically for healthcare with Debunked Podcast co-host Samir Batra, managing partner of Health Innovation Pitch. "There are some legit concerns that employers have abused this system, especially with India, my country of birth, and have benefited tremendously," Arundhati said. "I agree with the criticism that this program has been abused....On the flip side, we don't have enough people with math and science skills.""
"Another topic raised in the latest edition of Debunked was Bitcoin treasury company Strive's acquisition of device company Semlar Scientific. Semlar developed a test for peripheral artery disease and other chronic conditions. The combined company holds 10,900 BTC, making it the 12th largest public bitcoin holder, according to Cointelegraph. Samir shared insights on the implications for future M&A deals and the role bitcoin could play in these transactions. He also shared concerns that bitcoin risked inflating a company's value based on their digital assets."
The Trump administration raised the fee for new H-1B visas from $2,000–$5,000 to $100,000, triggering confusion and prompting companies to urge employees to curtail travel and return to the U.S. Technology firms have used H-1B visas to fill computer science engineering shortages. Healthcare has long relied on the program to supplement nurse and physician staffing with professionals from the Philippines and India, but healthcare H-1B issuances remain a small share of the 141,205 new H-1B visas issued in fiscal year 2024. Separately, Bitcoin treasury company Strive acquired Semlar Scientific, creating a combined holder of 10,900 BTC and raising questions about bitcoin’s role in M&A valuations. Misinformation about an autism cause was disseminated by the administration.
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