July 17 - Elevance cuts outlook amid sticky cost growth | ChristianaCare, Virtua mull merger
Nonprofits ChristianaCare, Virtua Health explore merger; Medicaid cuts could have ‘far-reaching’ healthcare, economic impacts: study; 33 states pick up CMS program to pay for sickle cell gene therapies
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The insurer attempted to reassure investors that it can operate through looming policy changes that appear set to worsen existing challenges. It was unsuccessful: Elevance’s stock fell 11% following the second quarter results.
Coverage losses linked to the massive tax and policy law could drive up excess deaths and preventable hospitalizations by 2034, according to the study in JAMA Health Forum.
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States representing about 84% of Medicaid beneficiaries are participating in an initiative that enables the government to negotiate pay-for-performance deals with the manufacturers of products like Casgevy and Lyfgenia.
