Senate healthcare bill would cause 22 million to lose coverage

TODAY’S TOP HEALTHCARE FINANCIAL NEWS

Senate Majority Leader Mitch McConnell of Ky. walks from his office on Capitol Hill in Washington, Monday, June 26, 2017. Senate Republicans unveil a revised health care bill in hopes of securing support from wavering GOP lawmakers, including one who calls the drive to whip his party's bill through the Senate this week Senate healthcare bill would cause 22 million to lose coverage

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

13 key CBO findings on the Senate GOP repeal bill

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

Senate adds waiting period to ACA replacement bill

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
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
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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WHITE PAPERS, RESEARCH AND OTHER CONTENT

Managing post-acute care in the 21st century

Post-acute care is often “fragmented and siloed” from the rest of the health care system. Now, hospitals can make some smart next steps and think strategically about post-acute care.  READ MORE

Seeing Sepsis with New Eyes: How a new PCT assay is bringing critical insights to light

Sepsis exacts a heavy toll on patients and the healthcare industry as a whole. However, a new procalcitonin (PCT) assay is helping hospitals fight back by enabling clinicians to detect and monitor the severity of sepsis in a faster, more reliable way.  READ MORE

Insights into the U.S. Biosimilar Marketplace

Learn about the current biosimilar market, the challenges of bringing a biosimilar to market, and discuss medical reimbursement for biosimilars.  READ MORE

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