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Feb 26, 2019

Senate Finance Committee lawmakers exacted minimal policy concessions from seven top pharmaceutical CEOs Tuesday over hours of grilling. And they aren't likely to relieve tension with hospitals and insurers over drug prices.

Following the hearing, stocks for most of the companies represented there rose slightly or held steady, while share prices for pharmacy benefit managers declined slightly.

The CEOs broadly supported HHS' recent proposal to remove Medicare Part D safe...

Feb 26, 2019

Louisiana on Monday issued a request for proposals for managed-care companies hoping to serve the state's more than 1.5 million Medicaid members under new contracts beginning in January 2020.

Louisiana will award contracts to up to four managed-care companies, down from five insurers today. Those five, whose current contracts will expire at the end of this year, are Aetna, AmeriHealth Caritas, Anthem's Healthy Blue, Centene's Louisiana Healthcare Connections and UnitedHealthcare....

Feb 26, 2019

CHICAGO—A pair of crystal chandeliers illuminate the open bar stocked with infused waters and teas rich in antioxidants. Around the room, trendy air-purifying fiddle-leaf fig plants draw your eye up to the recessed gold ceiling. And a row of bistro tables line the wall of French-style windows, which are likely to open on warmer Chicago days.

The Clark isn't a chic new bistro. It's Swedish Covenant Health's Instagram-worthy outpatient clinic. Beyond the gilt-edged waiting room are nine...

Feb 26, 2019

This story also ran on NPR.
This story can be republished for free (details).

Laura Lucero Y Ruiz De Gutierrez has a heart condition and fibromyalgia and is in danger of developing diabetes. She has health insurance through her husband’s job. But, between the $800 monthly premium for the couple’s coverage and the $2,100 deductible she has to pay down before insurance starts picking up the tab, she doesn’t feel she can afford to...

Feb 25, 2019

Tenet Healthcare Corp. beat analysts' revenue expectations last year, according to the company's fourth quarter and year-end 2018 results reported Monday.

The Dallas-based hospital chain drew net revenue of $4.6 billion in the fourth quarter of 2018, down 7.2% from the prior-year period, when it was nearly $5 billion, but still managed to beat estimates from Zacks Investment Research which pegged revenue would fall 9.8% to $4.49 billion in the quarter.

Tenet's full-year 2018...

Feb 25, 2019

Washington state Attorney General Bob Ferguson announced Monday the state is leading the challenge to the Trump administration's final rule that aims to reshape the Title X family planning network.

The plaintiffs will seek a preliminary injunction to block the rule once it is published on the Federal Register, since it is due to take effect 60 days after its posting. The draft final rule was published Friday by HHS' Office of Population Affairs.

Other state attorney generals...

Feb 25, 2019

The Children's Hospital of Philadelphia Foundation is about to see its investment in a drug company launched by its researchers pay off in a big way—the organization stands to receive more than $450 million for its ownership stake in the company.

The company, Philadelphia-based Spark Therapeutics, announced Monday it is being purchased by Roche in a deal worth $4.8 billion. Roche will buy the company for $114.50 per share in cash, a premium of 122% to Spark's closing price on Feb. 22...

Feb 25, 2019
Novant Health has named Mark J. King its vice president of research and innovation, effective March 11.

King joins Novant Health from the Winston-Salem, N.C.-based health system's neighbor, Atrium Health. King serves as Atrium Health's assistant vice president of research administration, where he oversees clinical trials and research operations. He will continue in that role until March.

King previously led development of oncology clinical trials as assistant vice president for the...

Feb 22, 2019
One of the top issues at HIMSS19 this month was the need to rethink and broaden services provided to patients. Jacob Reider, former federal deputy national coordinator of health IT, has thoughts on how to do that. As CEO of the Alliance for Better Health, Reider has gathered a network of social service not-for-profits, connected them by technology, and is contracting with managed-care organizations to handle all of the social determinants of health related to their Medicaid members in upstate...
Feb 22, 2019
The act of defending the Affordable Care Act helped Democrats wrest back control of the House of Representatives in November. But in the run-up to the 2020 elections, holding steady may not be enough to prevent intraparty dissension over Medicare for All.

But proponents of Medicare for All, the slogan for a single-payer approach brought to the mainstream by Sen. Bernie Sanders (I-Vt.), expect the status quo to fuel their policy as healthcare industry profits soar and public disgust over...