Low medical spending Insurers incorrectly modeled the cost of COVID-19 care and treatments associated with lingering effects of infections, which led to inappropriate premium increases, Melnick said. A lack of competition exacerbated this problem, he said. “My premiums are probably up 20% since 2019, and I know that my plan costs are not up 20%,” Melnick said. “What’s going on […]
CIUDAD JUÁREZ, Mexico — Two days after arriving at a temporary migrant shelter at the border with the U.S. in June, Rosa Viridiana Ceron Alpizar’s 9-year-old daughter and 1-year-old son fell ill. Most of the kids in the converted gym had stomach issues after being served a meal of sausage and beans, she recalled. Alpizar’s daughter quickly got better, but […]
This is not a repeat of the famous Michael Crichton novel, or movie that bears its name. A “de-extinction” CRISPR startup is hoping to get justice for the Tasmanian tiger by bringing it back from the dead. Life, uh, finds a way. Today in health care, President Biden signed into law the Inflation Reduction Act, a measure aimed at lowering prescription drug prices, […]
Senda Biosciences set out to overcome challenges in drug delivery. Its research has led the startup to nanoparticles, which executives say offer a path to “programmable medicines” that can be directed to specific cells and tissues. The startup now has $123 million to support its research as it looks toward bringing its medicines into clinical testing within the next […]
Amid a slowdown in funding for startups, the senior tech company Naborforce has secured $9 million in a Series A. The company “connects older adults to a network of trusted ‘Nabors’ for on-demand support and social engagement.” Its financing round was led by Translink Capital. Existing investors Claritas Capital, The Artemis Fund and TechStars also participated in the round. Naborforce […]
CareHarmony, a virtual care coordination startup, is on a mission to help hospitals provide more value-based care. That mission got a $15 million boost on through a Series A funding round. Maverick Ventures led this round with participation from Nashville Capital Network. The company will use its new influx of capital to fuel the development of its platform and accelerate hiring. Since […]
Providence, a not-for-profit health system based in Washington, on Tuesday reported a first-half net loss of $1.84 billion, as the industry’s higher expenses and staff shortages plague another heath system. The loss excludes the $3.41 billion impact of Providence’s disaffiliation from Hoag, a California-based healthcare network, earlier this year. Hoag filed a lawsuit in 2020, seeking to end its nearly decade-long […]
The public comment window for the home health proposed payment rule closed on Tuesday. Overall, industry stakeholders had submitted 691 comments to the U.S. Centers for Medicare & Medicaid Services (CMS) as of Tuesday morning. From the start, home health stakeholders took issue with CMS’ methodology for determining whether the Patient-Driven Groupings Model (PDGM) led to budget-neutral spending in 2020. […]
President Biden signed into law a sweeping bill to lower health care costs and address climate change on Tuesday, sealing a legislative victory more than a year in the making. The $740 billion bill was significantly slimmed down from the original $3.5 trillion package some envisioned last fall, but nevertheless represents an undeniable win for Biden and Democrats in Congress. […]
The Michigan Nurses Association at the University of Michigan filed a lawsuit against the university on Tuesday over the workload its members are facing. The MNA alleges UM is breaking the law by refusing to bargain over nurses’ workloads in its contract negotiations with the University of Michigan Professional Nurse Council. “When nurses are forced to take care of too […]