healthcare markets
LHP takeover of Waterbury hospitals may be off
News outlets are reporting that LHP Hospital Group, the for-profit Texas company planning to purchase both Waterbury and St. Mary’s Hospitals, has sent a letter threatening to pull out of the deal unless the three sides came to agreement by last Friday. The plan was to merge the two hospitals in a new facility. One…
Read MoreAwaiting the Supreme Court: What Could it Mean for CT?
Policymakers and politicians, in CT and across the country, are eagerly awaiting/dreading tomorrow’s Supreme Court ruling on the Affordable Care Act. We’ve outlined a few possible scenarios and the potential impact on CT. All scenarios have an upside, and there is a way through for every possibility. No matter the decision, we are much farther…
Read MoreHHS awards HealthyCT $75.8 million loan to develop new statewide nonprofit insurer
Today HHS announced approval of HealthyCT’s CO-OP application to develop a new non-profit insurance company for CT consumers. The federal $75.8 million loan is meant to cover start up costs and reserve funds for the new insurer. The CO-OP opportunity (Consumer Operated and Oriented Plan)was created in the national health reform Affordable Care Act, to…
Read MoreAG will not block YNHH-St. Raph’s purchase
The CT Attorney General’s office has concluded their analysis of anti-trust implications of Yale-New Haven Hospital’s proposal to purchase The Hospital of St. Raphael and will not seek to block the sale. The sale would leave New Haven with only one hospital raising concerns about higher prices for services, less care and higher medical debt…
Read MoreHealth care spending growth last year matched growth in the economy – almost
Today CMS published health spending growth numbers for last year; US health care spending grew only 3.9% while the overall economy grew by 3.8%. Consequently health care as a share of GDP stayed at 17.6%. This is a significant slowing of health care costs which had increased by double digits in past years. Unfortunately the…
Read MoreHealth insurance exchange bill passes Senate
Yesterday the Senate passed SB 921 creating the Connecticut Health Insurance Exchange. The Exchange, authorized under the Affordable Care Act (ACA), will create a standardized, understandable marketplace for consumers and small businesses to purchase health insurance. The Exchange must be operational by 2014 when the ACA’s individual mandate becomes effective. Individuals eligible for premium subsidies…
Read MoreNews roundup
Hospital mergers accelerate Hartford Courant Hospitals working to reduce readmissions CT Mirror HUSKY improving with PCCM CT Health I-Team CT hospitals’ contribution to the economy CT News Junkie CT physicians’ contribution to the economy Hartford Business Journal Brokers’ role in health reform CT Mirror
Read MoreMost CT doctors will reduce Medicare participation if rates are cuts
An online survey by the CT State Medical Society found that 78% of the 360 state physicians who responded would restrict access to care for Medicare and TRICARE patients if rates are cut. Nineteen percent of respondents would stop taking any Medicare or TRICARE patients at all, 31% would limit the number of new patients…
Read MoreLarge employers urge Hartford Hospital to be reasonable in Anthem negotiations
Rate negotiations between Anthem and Hartford Hospital have become tense as the October 31st contract end date nears, according to a CT Mirror article. On Monday a coalition of self-funded health plans, including the Office of State Comptroller on behalf of CT’s state employees, sent a strongly-worded joint letter to Hartford Hospital questioning the hospital’s…
Read MoreFeds urge CT Insurance Dept. to reverse Anthem 47% rate hike approval
HHS has sent a letter to CT Insurance Department (CID) Commissioner Sullivan asking him to reconsider the department’s approval of Anthem 47% health insurance rate hikes for next year. “The consumers of Connecticut expect and deserve transparency and a fact-based rationale as to why their rates are increasing,” according to the letter. The insurance department…
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