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UnitedHealth Group, the largest health care company in the U.S., The sprawling conglomerate — which owns a major healthinsurancecompany, physician practices, a pharmacy benefit manager, and numerous other firms — acquired or created more than 250 subsidiaries in 2024.
These include things like making sure patients aren’t paying more for their medicines than their healthinsurancecompany or requiring first-dollar coverage, so insurancecompanies cover the cost of certain lifesaving medicines from day one of the plan year. Here’s how 340B is hurting patients.
A lawsuit between a large hospital system and a dominant vendor that works for healthinsurancecompanies is getting a lot more heated — with one party calling the other an “economic parasite.” Morgan Healthcare Conference. Continue to STAT+ to read the full story…
The federal government will not modify regulations that dictate how hospitals publish their prices for consumers, ignoring pleas from patient advocates who have said hospitals still are not fully complying with the 3-year-old law. The Biden administration on Wednesday proposed an annual rule that sets payment rates for hospitals.
Elevance Health, the parent of more than a dozen state Blue Cross Blue Shield plans, is purchasing Indiana University Health’s insurance business in a deal that would increase its dominance in several key cities in the state. ProMedica in Ohio sold its health plan to Medical Mutual.
More than a year ago, Kaiser Permanente made waves when it said it was creating a new, sprawling entity of nonprofit hospitals and doctors with Geisinger as its first takeover — the latest example of health care companies bulking up in an already highly consolidated industry. Those other organizations are still a mystery.
For almost three years, hospitals and healthinsurers have been riding the waves of the Covid-19 pandemic. The pandemic’s “public health emergency” has been a boon for state Medicaid rolls and the healthinsurancecompanies that manage those programs.
Health care providers and healthinsurancecompanies are closing the books on their third quarters, and one major question continues to hang over them: How much care is everyone actually getting, now that Covid-19 isn’t scaring so many away from doctors and hospitals?
UnitedHealth Group started out as a small, Minnesota healthinsurancecompany and has since morphed into a modern-day Standard Oil, exerting unmatched dominance over health care in the United States. And thanks to a series of stealthy deals, almost 1 in 10 U.S.
The federal government inappropriately lowered the 2024 Medicare Advantage star ratings of SCAN Health Plan, which led to the healthinsurancecompany in California losing hundreds of millions of dollars in bonuses from the government, a judge ruled Monday. Continue to STAT+ to read the full story…
AdventHealth, a large religious-affiliated hospital system, has sued MultiPlan, alleging the company has worked with healthinsurers to create a “cartel” that systematically underpays hospitals and doctors for care that is delivered out of an insurancecompany’s network.
The lawsuit builds on the Federal Trade Commission’s complaint filed in September, which argued USAP and Welsh Carson illegally bought up anesthesia practices across Texas as a way to concentrate market power, gain negotiating leverage over healthinsurancecompanies, and raise prices.
Arbitration, the land where nobody is happy After Congress officially outlawed most types of surprise medical bills last year, there’s been endless, litigious debate as to how healthinsurancecompanies and providers should settle their differences while patients are held harmless.
After Congress officially outlawed surprise medical bills last year, there’s been endless, litigious debate as to how healthinsurancecompanies and providers should settle their differences over how much to pay for out-of-network medical bills. Continue to STAT+ to read the full story…
Option Care Health is buying Amedisys in an all-stock merger valued at $3.6 billion, creating a national company that specializes in almost all types of home care that can be provided from cradle to grave. billion acquisition of LHC Group.
When NaviHealth began building a business around using algorithms to scrutinize the care of older patients a decade ago, one of the country’s largest chains of inpatient rehab and long-term care hospitals was among the first to invest.
To fix this issue, the Centers for Medicare and Medicaid Services (CMS) introduced a new hospital price transparency rule that went into effect on January 1, 2021. The ruling requires hospitals to publish their pricing in a consumer-friendly format. How much does an MRI cost without insurance?
Healthcare providers may also prescribe Synjardy to reduce the risk of cardiovascular death and hospitalization for heart failure in adults with Type 2 diabetes and heart failure. Without insurance, the average cost of Synjardy is $789 for 60, 12.5-1000 Is Synjardy covered by insurance? 1000 mg tablets. 1000 mg tablets.
Some people may be drawn to the affordability of compounded semaglutide, hoping to manage costs through insurance. However, most insurancecompanies dont cover compounded semaglutide, especially for weight loss, leaving many to pay potentially high out-of-pocket costs. Does insurance cover compounded semaglutide?
According to Dexter Turnquest, MD , a bariatric surgeon at Houston Methodist Hospital , Wegovy is “an injectable medication that is taken once per week and will induce a feeling of prolonged satiety due to delayed gastric emptying, as well as decreased appetite.” How much does Wegovy cost without insurance? Does insurance cover Wegovy?
In the future, a number of hospitals, clinics, and other healthcare organizations will leverage the combination of business intelligence and artificial intelligence to analyze data and make the right decision based on the analysis. It can benefit individual healthcare providers just as much as whole hospitals and other facilities.
When using healthinsurance for medical services, the health plan enrollee must pay a portion of the cost. This is known as “cost-sharing,” which is how healthinsurancecompanies split the cost of care with the enrollee. Do copays count toward your healthinsurance deductible?
Teladoc is the only public-traded telehealth company in the US, and concerns from its investors seemed to centre on the price it was paying to meld with Livongo , particularly as the value of the latter’s stock sank below the offer price soon after it was announced.
If it’s within a hospital setting, a beneficiary may have to pay a copay of 15% of the physician’s services.” Then you’ll need to pay for 15% of the procedure bill unless you have Medicare Supplement Insurance or a Medigap plan that helps cover copays and coinsurance not covered by Medicare.
However, it’s always a good idea to check the coverage and benefits offered by your insurance plan. Emergency situations, such as a laceration, fractured bone, serious concussion, acute sprain or strain, or severe illness, should be treated at an urgent care clinic, hospital emergency room, or a primary care provider’s office.
The federal government wants to create a national directory that houses accurate, up-to-date information for all doctors and providers across the country — an ambitious attempt to rectify the plethora of error-riddled directories that are maintained by healthinsurancecompanies.
In UnitedHealth Group’s first public appearance since the killing of a top executive, leaders acknowledged the public’s discontent with the health care system, but quickly piled blame on drug companies and hospitals. The company’s stock has lost nearly 14% of its value since the Dec. 4 killing.
Using AI appeals for AI denials Healthinsurancecompanies are using artificial intelligence to automate care denials, and now patients and entrepreneurs are fighting back using that same technology, my colleague Casey Ross reports. Continue to STAT+ to read the full story…
The Biden administration moved Wednesday to force insurancecompanies to give specific reasons for denying coverage, and to speed up the pre-approval process in general. The new rule applies to healthinsurancecompanies that offer Medicare, Medicaid, Children’s HealthInsurance Program, and Obamacare plans.
It’s especially instructive to know where business executives are putting their dollars — it signals their politics, which informs how they run their companies and what they want to get out of federal policymaking.
A vast majority of CEOs of major health systems and insurers are steering clear of donating their money to either Vice President Harris or former President Trump. Many executives either didn’t make political donations or gave to their companies’ political action committees, similar to pharmaceutical CEOs.
The executive order promises “radical transparency” on health care prices for patients by ordering the Departments of the Treasury, Labor, and Health and Human Services “to rapidly implement and enforce the health care price transparency regulations.”
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