Thursday, February 16, 2023: Payers

The advocacy group Better Medicare Alliance (BMA) launched a new effort Wednesday to persuade the Biden administration to overhaul a proposal it says will cut Medicare Advantage (MA) plan payments by 2.27 percent. BMA, which lobbies Congress and the federal government...

Thursday, February 16, 2023: M&A

CommonSpirit Health, a Chicago-based nonprofit system, is buying five hospitals to extend its western U.S. footprint, despite a challenging operating environment that continues to weigh on the health care industry. CommonSpirit said on Wednesday it will acquire...

Wednesday, February 15, 2023: Payers

The Biden administration rolled out three new payment models intended to lower drug costs, including new Medicare coverage options for drugs cleared under accelerated approval. The Center for Medicare and Medicaid Innovation (CMMI) did not give a timeline for when the...

Wednesday, February 15, 2023: M&A

CommonSpirit Health and AdventHealth will unwind their longtime Centura Health joint venture, with CommonSpirit taking control of most of the 20 hospitals. The joint venture has reached its “natural maturity,” the health systems said in a news release. Florida-based...