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Forbes.com: Health News
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Health news and reports from Forbes.com
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Large Investor Is Putting More Pressure On Allscripts CEO Glen Tullman
Allscripts is settling in for a fight against one of its largest shareholders. HealthCor has sued the electronic health record company to launch a proxy fight, according to Reuters. Last month, the health care investment firm had filed a Notice of Exempt Solicitation with the SEC, asking that Allscripts' chief executive resign. Tullman has refused. ...
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Three Health Technology Companies To Watch
Last week, Towers Watson bought Extend , which allows retirees to choose from thousands of private Medicare plans according to their needs, instead of having their employer make the decision. Towers paid $435 million. One of the winners in that transaction was venture capital firm Psilos, which made in five years 10 times its investment ...
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Putting the 'Insurance' Back in Health Insurance
We understand that it would make no sense to buy auto insurance after we've already crashed our car. We appreciate that it would be strange to buy homeowner's insurance after our house has already burned down. And yet, when it comes to health coverage, many of us think that it makes perfect sense to wait until we're sick to buy health insurance. If we really want to make health insurance affordable and accessible to everyone, we need to go back to basics, and understand all of the government-induced distortions that have made health insurance look nothing like actual insurance.
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The 15 Minute Physical: Dr. Oz Showcases Power Of Electronic Health Records
At a taping of the Dr. Oz Show on Saturday, Dr. Mehmet Oz and 75 laptop-wielding medical students entered clinical information on 1,000 patients into an electronic health record, courtesy of Practice Fusion, a provider of free web-based EHRs. The location was 's School of Medicine. Combing for indicators of heart disease and diabetes, they ...
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What Should Congress Do after the Supreme Court Decision on Obamacare?
There's been a bit of a flap in the media this week about what House Republicans are planning to do regarding health care reform once the Supreme Court rules on Obamacare. But the back-and-forth leaves unanswered an important question: given all of the possible SCOTUS scenarios, what should Congress do to optimize the outcome for people with a stake in a functioning health-care system? Let's examine the possibilities.
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Obamacare Activists Prep to be 'Either Celebratory or Agitational' about Supreme Court Decision
BuzzFeed has obtained a three-page memo from Health Care for America Now, an umbrella group run by labor unions and MoveOn.org. The memo details how the organization and other White House allies plan to adopt alternate messages, depending on whether or not the Affordable Care Act is upheld by the Supreme Court. "Note that many of these [resources] can be lined up now, without any additional information about the timing of the specifics of the decision," the activists write. It's a free country, of course. But the memo makes for strange reading.
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Medicare Advantage Reform: Detaching Pay from Performance
Medicare Advantage (MA) is the "private option" within Medicare. Private health insurers are paid a fixed monthly fee to provide at least the same minimum health benefits to their enrollees as "traditional" fee-for-service (FFS) Medicare, but they also have the ability to offer coordinated care, disease management, phone consultations, and other services that have the ...
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Are House Republicans Caving in on Repealing Obamacare? Doubtful.
Politico is reporting that House Republicans are preparing for the possibility that the Supreme Court upholds the law by drafting new legislation. "When the court rules, we'll be ready," House Speaker John Boehner (R., Ohio) told the House Republican Conference on Wednesday. But what's surprising about alleged GOP plans is that they involve preserving significant???and damaging???aspects of the Affordable Care Act, for what appear to be political reasons. I'm not convinced that the story is accurate.
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On Heels Of Record Health IT Funding, Castlight Health Recruits Former Medco Executive
Founded only four years ago, Castlight is fast establishing itself as the leader in a field rarely associated with health care: cost transparency. The , Calif.-based company offers employees of self-insured companies the ability to compare medical procedures based on price and quality, which vary widely within the same geographical area. Earlier this month, it ...
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Drug Companies Are Testing Health Technology
Drug companies are dipping into health technology???or at least skimming the surface. is a new player at this week's 2.0 matchmaking conference which seeks to pair health technology start-ups with deep-pocketed partners. The pharma company, which is a sponsor, says it is "interested in companies pursuing innovation/opportunities related to the digital workflow of health care ...
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How Obamacare Tackled the Pitfalls of Employer-Sponsored Insurance Reform
Last weekend, I explained why the discriminatory tax treatment of employer-sponsored insurance is the original sin behind America's exceedingly expensive health-care system. I also described why reforming this tax break is politically difficult, because lots of industry stakeholders have an economic interest in the status quo. Today, I'll leave those political considerations aside, and engage the most credible policy critiques of ESI tax reform. The good news is that the authors of Obamacare's "Cadillac tax" did most of the legwork for us.
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How Employer-Sponsored Insurance Drives Up Health Costs
A new study in Health Affairs is attracting attention for its depiction of how powerful hospitals are extracting "steep payment increases" from insurers. But what the study really tells us is how much the exceptional cost of American health insurance is caused by our system's original sin: the fact that, due to a quirk in the federal tax code, most of us don't buy insurance for ourselves, but instead have it bought on our behalf by our employers.
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Will Buying Health Insurance Across State Lines Reduce Costs?
During the debate over Obamacare, Republicans have consistently promoted an alternative approach that involved allowing individuals to purchase health insurance across state lines. Interstate insurance purchasing was the second item in the health care section of the GOP's 2010 "Pledge to America," right after tort reform. It's also a part of Mitt Romney's plan to replace Obamacare. It makes intuitive sense: after all, we can buy most other things across state lines; why not health insurance? Credible skeptics, however, say that health insurance is different, and that interstate insurance won't reduce costs. Let's explore their arguments.
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Is This Patient Privacy Crusader Doing More Harm Than Good?
If the electronic health records industry has a nemesis, it's Deborah Peel, the founder of Patient Privacy Rights. At a time when doctors and hospitals are digitizing their paper medical records as mandated by the government, Peel, a psychiatrist, has been the most vocal agitator against loss of patient privacy. In Peel's world, malefic forces ...
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Massachusetts Institutes Health-Care Price Controls. Is America Next?
Under Governor Deval Patrick, Massachusetts has tried a couple of methods for limiting the government's exposure to rising health-care costs. First, Patrick forced insurers to stop raising premiums, which led to a predictable train wreck, as insurers started hemorrhaging cash. When a state appeals board overturned Patrick's decree, he shifted gears, and began going after the prices charged by hospitals and doctors. On Friday, the Massachusetts House unveiled new legislation toward that end. And progressive health-care observers around the country are taking notes.
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Should the FDA Approve More Drugs after Phase II? A Response to Matthew Herper
Last Friday, Forbes health care editor Matt Herper and I sat down to talk about my proposal, which I detailed in a paper for the Manhattan Institute, to encourage the FDA to approve more drugs after mid-stage phase II testing, using a process called "conditional approval." (You can read my proposal, in three parts, here.) Matt put forth some very perceptive critiques of the idea, which I respond to in today's dispatch.
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Quinnipiac Poll: Swing-State Voters Think the Supreme Court Should Overturn All of Obamacare
Quinnipiac University is out with a new poll of voters in three key swing states???Florida, Ohio, and Pennsylvania. The headline is that Romney slightly leads Obama in Florida and Ohio, whereas Obama is winning Pennsylvania. But the poll also asked voters if they wanted the Supreme Court to overturn Obamacare, and in all three states, voters said "yes."
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Government Produces Slide Show to Help Sell Obamacare: 'Hello, My Name is XXX'
I'm sure you have few illusions about the partisan nature of today's Health and Human Services Department. Just in case, however, Buzzfeed has posted a copy of a 20-page HHS document that, according to the web site, was "circulated by [HHS] to allies" with the goal of "making the unpopular law more politically saleable."
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Forbes Midas List: The VCs Who Are Investing In Health IT
IT is gaining ground. According to Dow Jones VentureSource, venture capitalists invested $659 million in 91 deals in 2011, up 25.5% from $525 million in 71 deals the prior year. In the first quarter of 2012, health IT companies raised $102 million, a 75% increase over the same period last year. In contrast, biopharma investments ...
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Fortune 100 Survey: Employers Could Save $422 Billion by Dropping Health Coverage
The House Ways and Means Committee has released a new report that sheds light onto how Obamacare incentivizes companies to dump their workers onto the new law's subsidized exchanges. As I have written many times, there are fiscal reasons to be concerned about this problem. But employer-sponsored health insurance is one of the most problematic features of the U.S. health-care system, and Republicans who lash themselves to the employer-sponsored mast, for short-term political gain, will undermine long-term efforts at market-oriented reform.
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