Senate Dems reach draft deal to extend ACA premiums, lower drug costs
The bill, part of a more than $300 billion package, extends enhanced ACA premiums and allows Medicare to negotiate select prescription drug prices starting in 2026.
CVS names first chief psychiatric officer
Taft Parsons, who previously worked for Molina Healthcare and Henry Ford Health System, will be tasked with focusing on mental well-being for patients and leading the Aetna Medical Affairs Behavioral Health organization.
Molina’s profit rises to $248M on higher Q2 membership
The insurer’s premium revenue increased 18% in the second quarter compared with the prior-year period as the payer saw membership increase 9%.
New York sues CVS Health alleging it deprived some hospitals of millions in 340B savings
CVS said in a statement that the “allegations are without merit and we will defend ourselves vigorously.”
States mixed on how to improve Medicaid unwinding with PHE end date unknown
States have a wide variety of opinions on how difficult the looming process of resuming annual eligibility reviews after the COVID-19 public health emergency ends might be, according to MACPAC.
Healthcare remains costliest industry for data breaches
The cost of the average breach for healthcare increased by $1 million to $10.1 million. That’s up more than 40% since the 2020 report by Ponemon and IBM Security.
CHS shares fall 36% after $326M Q2 loss
The for-profit hospital operator missed Wall Street expectations on revenue and saw admissions decline 3.4% year over year.
Teladoc steers toward low end of guidance for 2022 amid inflation headwinds
Teladoc recorded another major net loss in the second quarter, driven in part by the Livongo acquisition’s goodwill impairment charge.
Molina pivots to permanent remote work, plans to cut real estate footprint by two-thirds
The payer maintains its headquarters in Long Beach, California, along with offices in New York City and assorted properties in other states. It employs 14,000 people.
Centene warns star ratings will be ‘disappointing’
The issues stem from Centene’s WellCare acquisition and plans are already underway to turn the star ratings around, CEO Sarah London said.