Do Not Resuscitate #364 Private equity loots healthcare & the Great Medicaid Kick 'em off

On “Do Not Resuscitate for the week ending Oct 4, 2024, there’s news about the ongoing monopolization of healthcare as well as some sorry tales on the great Medicaid Kick-Off, that is, how millions of people on Medicaid are getting kicked off. As for good news, the Feds supported a workers lawsuit against a healthcare Godzilla in Pennsylvania, and some Medicare Disadvantage purveyors got a shellacking from Wall Street since they aren’t churning out enough profits.

Here are links to all the articles mentioned: 

Dan Primack, “Newsom vetoes bill to let California ban private equity deals for health care,” Axios, Sep 30, 2024 https://bit.ly/4eCxmPg

Paige Minemyer,” Key investor pressing CVS’ leadership for strategic changes,” Fierce Healthcare, Oct 1, 2024 https://bit.ly/3Y5VuEu

Dave Muoio, “Mercy, Alice Walton philanthropies unveil $700M specialty care affiliation,” Fierce Healthcare, Sep 24, 2024 https://bit.ly/3XGFcjO

Dave Muoio, “Anti-monopoly advocates urge FTC to block McKesson, Cardinal Health's big-ticket oncology acquisitions,” Fierce Healthcare, Sep 26, 2024 https://bit.ly/3ZPcC2K and Jeff Lagasse, “McKesson to acquire controlling interest in cancer outfit for $2.5 billion,” Healthcare Finance, Aug 27, 2024 https://bit.ly/3N8KiAP and David Wainer, “Drug distributors go all in on cancer care,” Wall Street Journal, Sep 30, 2024 https://on.wsj.com/3ZIlJC9

Mike Scarcella, “US Justice Dept backs workers’ antitrust lawsuit against Pittsburgh medical center,” Reuters, Oct 1, 2024 https://reut.rs/4eLxZpK

Matt Wiederrecht, “How a Harris Administration would approach antitrust policy,” Capstone, Aug 9, 2024 https://bit.ly/3TQRVPW

Eleanor Klibanoff & Lomi Kriel, “Despite warnings, Texas rushed to remove millions from Medicaid. Eligible residents lost care,” Texas Tribune/ProPublica, Sep 26, 2024 https://bit.ly/4eyVRgz

Renuka Rayasam & Sam Whitehead, “The first year of Georgia’s Medicaid work requirement is mired in red tape,” KFF Health News/Atlanta Journal-Constitution, Sep 13, 2024 https://bit.ly/3zE3uTP

Dave Muoio, “Nonprofit hospitals received $37.4B in federal, local tax benefits in 2021, study finds,” Fierce Healthcare, Sep 26, 2024 https://bit.ly/4eKD1mp

Edward Carver, “Why we need Medicare for All: Boeing revokes health benefits for striking workers,” Common Dreams, Oct. 1, 2024 https://bit.ly/3NcqLzm

Dave Muoio, “What docs say is driving them away: 4 strategies to retain physicians,” Fierce Healthcare, Sep 17, 2024 https://bit.ly/3ZOf9Km

Ariel Cohen & Sandhya Raman, “On campaign trail, Vance lays out ‘concept of a plan’ for health care,” Roll Call, Sep 26, 2024 https://bit.ly/4gKsedN

Paige Minemyer, “Humana’s stock stumbles after it reveals 2025 star ratings drop,” Fierce Healthcare, Oct 2, 2024 https://bit.ly/4ewjfvk

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