Jeff Lagasse
A number of high-yield healthcare issuers have defaulted since the start of the crisis, and near-term credit risk remains elevated.
In March there was a 35% decrease in weekly hospitalizations and a 45% decrease in weekly hospitalizations not related to COVID-19.
Even upticks in COVID-19 patients haven't made up for the revenue losses, since reimbursement for those services is comparatively slim.
The lawsuit alleges a Trump Administration rule makes it easier for providers and insurers to discriminate against protected groups.
Cigna received the highest marks for its efforts toward driving for value, while UnitedHealthcare ranked lowest.
Pfizer will deliver the doses in the U.S. if the product receives Emergency Use Authorization or licensure from the FDA.
Hospital margins could sink to a median as low as -7% by year's end, and half of all hospitals may be in the red.
The signatories contend that, by requiring hospitals to post real prices, patients will be better able to evaluate their options.
The anticipated reduction in health plan startup costs should allow Molina to recover the purchase price in about a year.
Prime will acquire St. Francis for a net of $350 million, with a $200 million base cash price and $60 million for accounts receivable.