Amazon, Berkshire Hathaway and JPMorgan Chase announced Atul Gawande, MD, MPH, as the new CEO for its partnership on U.S. employee healthcare. A surgeon at Brigham and Women’s Hospital in Boston and professor at Harvard Medical School, he will begin his new role July 9.
For the first time in 110 years, General Electric won’t be a part of the Dow Jones Industrial Average, after S&P Dow Jones Indices announced the corporate giant will be delisted when the stock market opens June 26.
Blue Cross and Blue Shield of Minnesota and Mayo Clinic will enter into a five-year agreement that will keep all state-wide Mayo Clinic locations within network through 2023.
Jun 19, 2018 | Policy
The Trump administration appears close to announcing a new health insurance option for small businesses and self-employed individuals that would offer fewer benefits and cost less.
Jun 19, 2018 | Policy
In a June 18 release, HHS announced a ruling against the University of Texas MD Anderson Cancer Center in Houston requiring $4.3 million in civil penalties due to three data breaches from 2012 and 2013.
A majority of millennials—individuals between 18 and 34 years old—are willing to let health insurance companies access their social media, provided their premiums could be lowered, according to a survey from MuleSoft Inc.
PricewaterhouseCoopers released its report on medical cost trends, which estimates numbers for 2019. The good news? Cost increases have leveled off—rising 6 percent in 2019. But for employers, these increasing expenditures do not lead to improved productivity. Medical costs continue to jump, while growth in labor productivity should remain near 1.1 percent for 2019—below the average annual increase of 2.3 percent in recent decades.
After months of statements, speculation, trade talks, tweets and threats, the U.S. government has officially put tariffs in place on $50 billion worth of products imported from China, including medical imaging equipment. X-ray, CT and MRI equipment are all on the list of products included in this announcement.
In a Thursday, June 14, ruling, a federal appellate court denied claims from health insurers who claimed they were owed billions of dollars from an Affordable Care Act (ACA) program. The court ruled 2-1 against two insurers who wanted the federal government to repay them for covering sicker, more expensive patients than initially expected.
Jun 15, 2018 | Health IT
It’s long past asking “if” artificial intelligence (AI) and related technologies will revolutionize healthcare. According to a recent survey, 80 percent of executives expect AI will be integrated into the patient experience within two years. At the same time, 81 percent of respondents agree their organizations are not ready for the societal and liability issues that will result from this change.
Medical device company Stryker filed a claim with the Securities and Exchange Commission on Wednesday saying it is not in discussions with Boston Scientific on a potential takeover.
Jun 14, 2018 | Policy
A federal court hearing has been scheduled regarding the Trump administration’s decision to give states the power to enforce work requirements on Medicaid enrollees.
CMS recently announced Medicare’s hospital insurance (HI) fund will be depleted by 2026—three years earlier than previously projected. A new report from the American Academy of Actuaries examined the numbers—finding eliminating the HI deficit would require an immediate 28 percent increase in standard payroll taxes.
Jun 13, 2018 | Care Delivery
Emergency departments, particularly in rural areas, are strained by shortages of physicians and other providers, including nonemergency doctors and advanced practice providers, according to a new study published in the Annals of Emergency Medicine.
Jun 13, 2018 | Leadership
Barbara L. McAneny, MD, wasted no time in discussing critical healthcare issues once she was sworn in as American Medical Association president on June 12 at the AMA’s annual meeting in Chicago.
Jun 12, 2018 | Policy
Despite claims otherwise from President Donald Trump, the Affordable Care Act remains the law of the land—though federal actions have increased instability in the ACA’s marketplaces. Following last year’s repeal of the individual mandate, insurers are now offering short-term, non-ACA-compliant policies, which could leave a sicker, older population shopping on ACA marketplaces.
Officials from HHS are currently talking with pharmaceutical companies to pursue voluntary price cuts as part of President Donald Trump’s drug pricing plan, The Hill reports.
Jun 11, 2018 | Policy
Five months before the 2018 midterm elections, California Republicans see their opponents’ embrace of exploring single-payer healthcare as an opportunity.
Jun 11, 2018 | Policy
On Monday, June 11, CMS released guidance for states to leverage Medicaid in fighting opioid abuse and misuse—with the document making specific mention of efforts to reduce negative impact in infants and outlining potential benefits of health information technology.
Private equity firm KKR & Co. announced its plan to buy Envision Healthcare for $5.57 billion and debt. The all-cash transaction will value Envision at $9.9 billion, according to Bloomberg.
Stryker approached Boston Scientific with a takeover bid on Monday, June 11, according to the Wall Street Journal.
Jun 08, 2018 | Leadership
In a survey of 90 healthcare executives conducted by Lumeris, 27 percent of respondents said they’ll launch a Medicare Advantage plan in the next four years.
Jun 08, 2018 | Policy
Nancy Pelosi didn’t endorse any single-payer proposals as other Democrats have in the Senate, though she did reiterate her support for a government-run insurance option.
Jun 08, 2018 | Care Delivery
Between 2008 and 2016, NPs increased from 17.6 percent of providers in rural areas to 25.2 percent. In non-rural areas, the increase was smaller but still significant—with the share of NPs making up 23 percent of the providers in 2016, up from 15.9 percent in 2008.
Jun 08, 2018 | Leadership
CNBC reported on May 7 that Geisinger Health System CEO David Feinberg, MD, was the top pick to lead the healthcare venture run by Amazon, Berkshire Hathaway and JPMorgan Chase. Within hours, Feinberg said he wouldn’t be leaving Geisinger but “appreciated being part of the conversation.”