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News You Need to Know Today
Economics: 44% of adults underinsured | PE transactions down 15% | Summa Health $485M sale | Walgreens $100M fraud
Wednesday, December 18, 2024
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Editor's Choice: Economics

Report: 44% of adults in the U.S. are uninsured or underinsured

According to an analysis from the Commonwealth Fund, millions of patients are skipping necessary care and struggling to pay mounting medical debt. 

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Report: 44% of adults in the U.S. are uninsured or underinsured

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medical debt
According to an analysis from the Commonwealth Fund, millions of patients are skipping necessary care and struggling to pay mounting medical debt. 
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Private equity transactions in healthcare down 15% since 2023, report finds

However, an analysis from research firm PitchBook suggests a rebound could be on the horizon, as investors shift their gaze to specialty care services. 

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Growing physician shortages have spurred rising salaries as health systems and practices attempt to attract or retain staff. The survey data from over 37,000 physician shows the average physician pay in the U.S. increased 3.7% from 2023 to 2024, but is lower than the prior year. Cardiologist salary and compensation data.
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Private equity transactions in healthcare down 15% since 2023, report finds

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Growing physician shortages have spurred rising salaries as health systems and practices attempt to attract or retain staff. The survey data from over 37,000 physician shows the average physician pay in the U.S. increased 3.7% from 2023 to 2024, but is lower than the prior year. Cardiologist salary and compensation data.
However, an analysis from research firm PitchBook suggests a rebound could be on the horizon, as investors shift their gaze to specialty care services. 
READ MORE >

Private-equity watchdog warns against nominating Marc Rowan as Treasury Secretary

The Private Equity Stakeholder Project likens Rowan to a fox guarding the hen-house, due to his position as CEO of Apollo Global Management. Rowan is being considered for a cabinet role in the incoming Trump administration. 

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Donald Trump pointing
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Private-equity watchdog warns against nominating Marc Rowan as Treasury Secretary

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Donald Trump pointing
The Private Equity Stakeholder Project likens Rowan to a fox guarding the hen-house, due to his position as CEO of Apollo Global Management. Rowan is being considered for a cabinet role in the incoming Trump administration. 
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Cardinal Health scoops up two companies for $3.9B

Cardinal Health is buying Advanced Diabetes Supply Group and a majority stake in GI Alliance, expanding its broad patient services portfolio. 

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Cardinal Health scoops up two companies for $3.9B

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merger acquisition handshake deal business agreement partnership
Cardinal Health is buying Advanced Diabetes Supply Group and a majority stake in GI Alliance, expanding its broad patient services portfolio. 
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UnitedHealth defends $3.3B Amedisys acquisition

UnitedHealth subsidiary Optum is turning to the court of public opinion to defend the merger. 

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UnitedHealth defends $3.3B Amedisys acquisition

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UnitedHealthcare UHC UnitedHealth
UnitedHealth subsidiary Optum is turning to the court of public opinion to defend the merger. 
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DOJ sues to block UnitedHealth’s $3.3B acquisition of home health giant

The DOJ met with UnitedHealth execs in an attempt to resolve antitrust concerns out of court, but those talks stalled, a report claims. 

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DOJ sues to block UnitedHealth’s $3.3B acquisition of home health giant

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The DOJ met with UnitedHealth execs in an attempt to resolve antitrust concerns out of court, but those talks stalled, a report claims. 
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Private equity firm to buy Summa Health for $485M

HATco, part of General Catalyst, is set to purchase the Ohio-based health system, which currently has roughly $850 million in debt on its balance sheet. 

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Private equity firm to buy Summa Health for $485M

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healthcare money economics dollar stethoscope acquire merger
HATco, part of General Catalyst, is set to purchase the Ohio-based health system, which currently has roughly $850 million in debt on its balance sheet. 
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Boston Medical Center installs solar panels to pay patients’ electric bills

A program dubbed the Clean Power Prescription sends half the energy generated by 519 solar panels on the hospital's roof back to patients, in the form of energy credits. 

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Boston Medical Center installs solar panels to pay patients’ electric bills

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hospital sustainability joint commission
A program dubbed the Clean Power Prescription sends half the energy generated by 519 solar panels on the hospital's roof back to patients, in the form of energy credits. 
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Walgreens settles class-action fraud lawsuit for $100M

The pharmacy chain is accused of charging insurance more for generic drugs than uninsured customers of its Prescription Saving Club.

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Walgreens
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Walgreens settles class-action fraud lawsuit for $100M

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Walgreens
The pharmacy chain is accused of charging insurance more for generic drugs than uninsured customers of its Prescription Saving Club.
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