Oscar Health reports first profitable year
The insurer lost $153.5 million in the fourth quarter but still eked out a $25.4 million profit for the full year thanks to snowballing growth in ACA plans.
Teladoc to acquire virtual care company Catapult Health for $65M
The deal could help funnel eligible patients towards Teladoc’s other offerings, including chronic condition management programs — a key focus area for the telehealth vendor.
RFK Jr. secured support of key Republican with vaccine pledges
Sen. Bill Cassidy, R-La., whose “yes” vote advanced Kennedy’s nomination as health secretary, said Kennedy promised to maintain a key CDC vaccine panel without change.
Preserving access, affordability are Americans’ top healthcare priorities: Gallup
Democrats and Republicans both want to see federal lawmakers address critical public health concerns. However, they were split on which concerns were most important.
Molina closes ConnectiCare acquisition
The deal adds $1.4 billion in annual premiums to Molina’s topline and 140,000 additional Medicare, Affordable Care Act marketplace and commercial members to the insurer’s rolls.
Centene sets itself up for ‘equilibrium’ in 2025
The insurer also reported notable ACA growth for this year, though membership could tick back down through the second quarter due to program integrity efforts.
HCA finalizes acquisition of Catholic Medical Center
CMC has struggled financially for years and was on the verge of bankruptcy prior to the deal. Regulators imposed significant conditions on the sale and will monitor HCA for compliance over 10 years.
RFK Jr. clears key hurdle on path to HHS secretary
A key Senate committee voted to advance Robert F. Kennedy’s nomination even after some legislators raised concerns about his previous vaccine stances and confusion surrounding programs like Medicare and Medicaid.
Prospect Medical wants to to sell its Rhode Island hospitals to the Centurion Foundation
State regulators approved a deal to sell the hospitals months ago. However, Prospect said in court filings it couldn’t afford to carry out the attorney general’s hefty closing conditions.
Cigna to tie executive compensation to customer satisfaction
Cigna is one of a handful of national insurers that pledged to ameliorate customer pain points with healthcare, but the first to release a specific plan.