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TODAY’S TOP HEALTHCARE FINANCIAL NEWS
Senate Republicans’ plan to repeal and replace Obamacare will cause 22 million to lose their health coverage by 2026, according to a projection from the Congressional Budget Office released Monday. READ MORE
The Better Care Reconciliation Act would result in a total 49 million Americans being uninsured by 2026, according to a Congressional Budget Office review of the draft bill. READ MORE
The Senate revised its Affordable Care Act replacement in an effort to replicate the effects of the individual mandate. The change imposes a waiting period on individuals seeking to purchase insurance after letting their coverage lapse. READ MORE
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PAYMENT
Health systems playing catch-up on rising patient self-pay Hospitals and physicians are bracing for higher levels of patient self-pay brought on by high-deductible health plans or lack of insurance, and many aren’t prepared for the financial shift, according to a survey of health system chief financial officers and revenue cycle executives. READ MORE
Hospitals divided on proposal to change how uncompensated care is paid Some providers are saying a CMS proposal to change to way uncompensated care is paid for could be key to their financial solvency while others warn it could deplete them of revenue and force them to close. The opinion of the hospital executives depends on where they reside. READ MORE
Medtronic inks outcome-based contract with Aetna for insulin pumps Medtronic and Aetna announced a new risk-based agreement for Type 1 and Type 2 diabetes patients currently using Medtronic’s insulin injectors. The deal aims to increase accountability and lower costs by tying reimbursement to outcomes. READ MORE
HEALTHCARE ECONOMICS
Quest Diagnostics, Walmart partner to offer lab testing services in stores Wal-Mart Stores will bring Quest Diagnostics’ laboratory testing services to 15 Walmart locations in Florida and Texas by the end of the year. READ MORE
DMC Gateway program reduces ER visits, admissions, improves primary care An innovative program to reduce costs, improve care continuity and connect high users of emergency departments at four Detroit Medical Center hospitals with a primary-care team has led to significant reductions in unnecessary ER visits, hospitalizations and readmissions. READ MORE
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LAW AND REGULATION
Threat of identity theft played a role in record Anthem settlement Anthem is on the cusp of having to make the biggest payout in U.S. history for a data breach. The $115 million proposed settlement is a reflection of the just how valuable patient records and personal information have become. READ MORE
POLITICS AND POLICY
California Assembly leader shelves single-payer health plan The prospects of a government-run healthcare system in California dimmed Friday when the leader of the state Assembly announced he doesn’t plan to take up the single-payer bill this year. READ MORE
STAFFING
Summa Health is eliminating 300 positions Summa Health is eliminating more than 300 positions, cutting services, consolidating units and “re-evaluating our ongoing capital needs” to avoid a $60 million loss projected this year that could threaten its independence, the health system announced on Monday. READ MORE
Modern Healthcare Hospital Stock Index: 739.86 +1.82 (+0.25%)
NYSE Healthcare Index: 13,935.13 -23.25 (-0.17%)
S&P 500 Health Care Index: 929.87 -1.49 (-0.16%)
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Senate healthcare bill would cause 22 million to lose coverage
