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Tag: exit

  • Humana Reveals Plans To Exit Employer-Based Insurance Market

    Humana Reveals Plans To Exit Employer-Based Insurance Market

    News retailers report on a new technique from well being insurance company Humana: it will get up to two decades to exit the employer-centered coverage business enterprise, and alternatively concentration on govt-backed systems like Medicare Edge. Amazon, SimpliFed, DaVita, Teledoc, and a lot more are also in the news.


    AP:
    Insurance company Humana Lays Out Employer-Sponsored Coverage Exit

    The health insurance provider Humana will cease delivering employer-sponsored industrial coverage as it focuses on bigger components of its business, like Medicare Gain. The insurance provider reported Thursday it will depart the business enterprise above the future 18 to 24 months. It includes healthcare protection presented through non-public companies and for federal governing administration workforce. (Murphy, 2/23)

    Meanwhile, in other industry information —


    Fierce Health care:
    Teladoc Sinks $13.7B Reduction In 2022 Tied To Plummeting Value Of Livongo Acquisition

    Teladoc Health noted a historic loss of $13.7 billion in 2022, mainly from a publish-off similar to the plummeting value of its Livongo acquisition. The telehealth company pulled in $2.4 billion in 2022 revenue, up 18{fe463f59fb70c5c01486843be1d66c13e664ed3ae921464fa884afebcc0ffe6c} from $2 billion in income the prior year, executives described during its fourth-quarter earnings simply call on Wednesday. By comparison, in 2021, Teladoc posted a internet reduction of $429 million. (Landi, 2/23)


    The Wall Road Journal:
    Waning Covid Fears Thrust Test Maker Lucira To File For Personal bankruptcy

    Lucira Health Inc., a publicly traded maker of at-property Covid-19 tests kits, has submitted for individual bankruptcy, indicating an easing of pandemic restrictions has lowered demand for its items. Lucira, which lists $145.9 million in property and $84.7 million in credit card debt, claimed Wednesday it will glimpse for a customer whilst continuing to serve consumers during chapter 11 proceedings in U.S. Bankruptcy Court in Wilmington, Del. (Yerak, 2/23)


    The Wall Avenue Journal:
    Wall Road Backs New Class Of Psychedelic Medications

    Transcend Therapeutics Inc. lifted $40 million from venture-funds buyers in January to establish a article-traumatic stress problem treatment that its 29-yr-old CEO Blake Mandell suggests would involve about 50 percent the quantity of treatment as MDMA, or ecstasy, a well-known hallucinogen. Gilgamesh Prescription drugs Inc. and Lusaris Therapeutics Inc. have declared money raises of about $100 million due to the fact November for very similar merchandise addressing melancholy.  (Wirz, 2/23)


    St. Louis Community Radio:
    Wash U Medicine And Race Discussion board To Focus On Well being Disparities

    Health professionals and scholars in the St. Louis region say professional medical gurus will have to acknowledge the area’s racist history to enable do away with health and fitness treatment inequities. St. Louis’ record of racism, well being disparities and the use of activism and art in drugs are between the subjects that researchers, doctors, students and neighborhood leaders will focus on Saturday at the Medication, Race, and Ethnicity in St. Louis discussion board at Washington University in St. Louis. (Henderson, 2/24)

    On new Food and drug administration approvals for therapies —


    Reuters:
    U.S. Food and drug administration Approves Sanofi’s Bleeding Disorder Treatment

    U.S. overall health regulators have accredited Sanofi SA’s remedy to address a form of inherited bleeding condition regarded as hemophilia A, the French drugmaker mentioned on Thursday, and expects to launch it in the United States in April. With the Food and Drug Administration’s approval, Sanofi’s substitution treatment – brand name named Altuviiio – enters a sector dominated by rivals like Shire, Bayer AG and Novo Nordisk which sell variable replacement therapies that have been the normal therapy for many years. (Roy and Mandowara, 2/23)


    This is aspect of the KHN Morning Briefing, a summary of wellbeing policy coverage from main news businesses.Signal up for an e-mail membership.

  • NC leaders talk COVID exit strategy, mental health need

    NC leaders talk COVID exit strategy, mental health need


    By Anne Blythe and Elizabeth Thompson

    Though many North Carolinians are ready to say so long to the COVID pandemic, Kody Kinsley, secretary of the state Department of Health and Human Services told lawmakers Tuesday that the state is getting closer to that point but it’s not quite there.

    Lawmakers on the Joint Legislative Oversight Committee on Health and Human Services encouraged Kinsley and his team to develop an exit strategy.

    “There are a number of states now that are doing that,” said Rep. Donnie Lambeth (R-Winston-Salem) and committee co-chair. “I think we need to begin to look to that future. It could be very quickly, as things are changing, but I think people need to have some hope at the end of this tunnel.”

    During a three-hour meeting on Tuesday, Kinsley went before lawmakers on the powerful health care commission for the first time since becoming head of the 18,000-employee agency in charge of improving the health and well-being of the state. The discussion was wide-ranging, highlighting the diversity of tasks under the DHHS umbrella.

    They couldn’t escape talking about the pandemic, though. COVID-19 has thrown curveball after curveball for the past couple of years. 

    In the summer of 2021, it seemed as if the other side of the pandemic was near. Vaccines were accessible, offering protection and case counts were dropping. The number of people in hospitals with illness related to COVID had dropped to 336, but then the Delta variant caused a surge in late summer. Then late last year, Omicron hit hard.

    The highly transmissible variant moved quickly across the state, sending case numbers and hospitalizations to record highs.

    Kinsley has had to seek help from the federal government for two health care systems battling depleted workforces as Omicron surged.

    Case rates peaked on Jan. 19, Kinsley said, and the number of people in hospitals with COVID-related illness hit a high mark on Jan. 26 at 5,206.

    “So I am excited to see that we’ve had a bit over two weeks of a very good decline in our hospitals,” Kinsley said. “Of course, our numbers remain relatively high.”

    On Tuesday, there were 3,142 people hospitalized with COVID-related illness, according to the DHHS dashboard, and 562 were in intensive care units. Meanwhile, North Carolina has received limited supplies of monoclonal antibodies, Kinsley said, but nowhere near as much as he would like to see.

    Lambeth encouraged Kinsley and his staff to begin to think about COVID similarly to the flu, a seasonal virus in which a vaccine is needed each year.

    “It has been a tough two years and I think as we start thinking about life after the pandemic … it’s not going to go away,” Lambeth said. “I think you ought to start developing that strategy and start talking about that in your news conferences.”

    Kinsley and his team outlined many issues that they’ll wrestle with as they look beyond the pandemic. The future promises nursing and other health care worker shortages if changes aren’t made, he said.

    They also expect behavioral health challenges and more people in need of substance use disorder treatment.

    Making mental and behavioral health priorities

    As many states across the country look forward to exiting the pandemic, the toll the past two years have had on everyone’s mental health is something the state wants to be ready to deal with, DHHS officials said Tuesday.

    Since the pandemic hit North Carolina, the state has seen a 40 percent increase in adults who have reported symptoms of a mental health issue, said Deepa Avula, director of the division of mental health at DHHS.

    “We are in a crisis situation,” Avula said. “So we have to act now to respond to that crisis.”

    DHHS plans to address the critical need for behavioral health resources by creating an “array of services” outside of law enforcement and emergency departments, Avula said — providing support for every step of the way for an individual in mental health crisis, whether it be early intervention or recovery support. 

    Starting in July, the Suicide Prevention Hotline will be more accessible to all Americans, who will simply have to dial the three-digit number 988 for help. North Carolina also has a regional call center, mobile crisis team, crisis stabilization facilities and a real-time bed registry to identify open beds in hospitals.

    The mental health crisis has had a disproportionate impact on the justice-involved population. Sixty percent of incarcerated people reported that they have had symptoms of a mental health disorder in the past 12 months, according to DHHS. However, staff said 83 percent of incarcerated people with mental illness didn’t receive treatment.

    DHHS is working on early diversion models to prevent people from entering the justice system, such as Drug Education School for people arrested on first-time drug offenses, Avula said. For those who are incarcerated, DHHS is working on increasing access to treatment and expanding reentry efforts.

    Evidence-based reentry resources have proven key for formerly incarcerated people reentering society, research shows, but there usually isn’t enough support to meet the need in North Carolina, NC Health News previously reported.

    Responding to the opioid epidemic

    The opioid epidemic has festered as the state has rushed to respond to the COVID-19 pandemic.

    “Even after years of working on battling the opioid epidemic we have lost considerable traction in that fight,” Kinsley said.

    Sen. Kevin Corbin (R-Franklin), who represents a swath of land in the westernmost corner of the state, said that substance use disorder is a problem that plagues his district’s sheriffs. When asked how crime would be impacted by effectively eliminating substance use disorder, Corbin said sheriffs consistently said 80 to 90 percent of crime would disappear.

    “We’re terribly underserved in the state with mental health as far as behavioral, as far as substance abuse disorder,” Corbin said.

    NC DHHS Sec. Kody Kinsley is interviewed after Joint Legislative Committee on Health and Human Services. Photo Credit: Elizabeth Thompson

    DHHS has been working on increasing access to Medication-assisted Treatment programs for opioid use disorder, with a focus on rural and underserved areas, such as jails and prisons and on tribal lands. Since 2020, opioid treatment programs have seen a 22 percent increase in unique patients served, according to DHHS.

    After speaking with law enforcement across the state, Kinsley said he’s heard one thing repeatedly — “we’re not going to arrest ourselves out of this problem.”

    Federal money allocated for opioid use disorder can help connect people to medication-assisted treatment, Kinsley said, but recovery requires more — access to dental care, housing and employment are all vital to helping people recover.

    Medicaid expansion?

    “For me, there is a no-brainer opportunity here which is expanding Medicaid, providing coverage support for these individuals,” Kinsley said.

    North Carolina is one of 12 states that hasn’t expanded Medicaid, which has been an option on the table since 2013. If the state were to expand the program, more than 500,000 low-income North Carolinians would have access to health insurance. 

    Though Republicans leading the General Assembly had been staunchly against expansion of the state’s Medicaid program for much of the past decade, Senate leader Phil Berger (R-Eden)  announced late last year that he had warmed to the idea.

    Since then, House Speaker Tim Moore (R-Kings Mountain) announced the creation of a Joint Legislative Oversight Committee on Access to Healthcare and Medicaid Expansion. The first meeting is Friday.

    “Our committee will explore and seek solutions to critical health care issues with the goals of broadening access to quality health care for working people, lowering health insurance premiums for everyone, addressing the cost of uncompensated care especially for rural hospitals, and providing more affordable health care options to help small businesses retain employees,” Lambeth, the Winston-Salem Republican tapped as co-chairman of the committee, said in January.

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    by Anne Blythe, North Carolina Health News
    February 16, 2022

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  • Former Sanford Health CEO Kelby Krabbenhoft got .5 million after abrupt exit

    Former Sanford Health CEO Kelby Krabbenhoft got $49.5 million after abrupt exit

    Krabbenhoft’s compensation provided $15 million in severance, $29.4 million in retirement program payouts and $5.1 million in wage for 2020, the Sioux Falls, South Dakota-based mostly well being program claimed in an once-a-year submitting with the IRS.

    Sanford Health and fitness slice ties with Krabbenhoft on Nov. 24, 2020, right after he produced a series of controversial and unscientific responses about sporting a mask throughout the COVID-19 pandemic.

    In a statement to media on Monday, Sanford Wellness spelled out the Krabbenhoft payout as mainly a sum he would have been owed anyway, regardless of when he departed the health technique.

    “The the greater part of the compensation compensated to Mr. Krabbenhoft upon his departure was contractually obligated as component of retirement ideas in excess of his 24-calendar year tenure,” the wellbeing system stated in an e mail. “The remainder was Mr. Krabbenhoft’s once-a-year compensation and a severance arrangement. These payments conclude Sanford Health’s economical obligations to Mr. Krabbenhoft.”

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    In an previously Monday e-mail to personnel obtained by Discussion board News Provider, current Sanford Overall health CEO Bill Gassen reported he predicted the filing that integrated Krabbenhoft’s payment “will increase concerns, particularly presented the unexpected mother nature of his departure,” and mentioned comparable speaking factors later furnished to the media.

    A message Discussion board Information Services despatched to an e-mail address set up for Krabbenhoft media requests bounced back again as undeliverable.

    Sanford Wellbeing is a multi-state health and fitness process with about 48,000 staff and big health care facilities in Sioux Falls, Fargo and Bemidji, Minnesota, 224 clinics and 200 Excellent Samaritan Culture senior care amenities.

    Six times prior to Krabbenhoft’s Nov. 24, 2020, departure from the wellness system, he experienced emailed employees to say he failed to assume he desired to dress in a mask on the career “as a symbolic gesture,” since he thought of himself mainly immune thanks to antibodies he developed battling a circumstance of COVID-19.

    Publication of the e mail, first described by Discussion board News Services, drew national media coverage and a firestorm of remarks in reaction.

    Krabbenhoft, who is not a medical professional, largely defended his remarks in comply with-up interviews, even as his individual leadership workforce disavowed his responses as not in line with recent health-related know-how, and acknowledged his terms ended up most likely disheartening and disappointing to Sanford’s pandemic-pressured staff members.

    “We will keep on to let science guide the function that we do just about every working day to maintain our communities nutritious and secure. The science is distinct, masks work,” they wrote.

    Sanford Wellbeing refused to disclose the terms of Krabbenhoft’s severance when it introduced his departure. Krabbenhoft also failed to address the conditions of any severance package, issuing a statement contacting the working day “a good time to retire.”

    Krabbenhoft was replaced by Gassen, then Sanford Health’s main administrative officer. The up coming week, Sanford Health and fitness halted its prepared merger with Intermountain Healthcare of Utah. Gassen cited the management improve at Sanford as the cause for the shift.

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