Steward Health Care CEO Ralph de la Torre has overseen a network of some 30 hospitals around the country. The Texas-based company's troubled recent history has drawn scrutiny from elected officials in New England, where some of its hospitals are located. A spokesperson for de la Torre told CBS News in a statement Saturday that he "has amicably separated from Steward on mutually agreeable terms' and 'will continue to be a tireless advocate for the improvement of reimbursement rates for the underprivileged patient population.' The spokesperson added that de la Torre 'believes Steward's financial challenges put a much-needed spotlight on Massachusetts's ongoing failure to fix its healthcare structure and the inequities in its state system.' A CBS News investigation that spanned nearly two years documented how private equity investors and de la Torre extracted hundreds of millions of dollars while healthcare workers and patients struggled to get the life-saving supplies they needed.
Steward Health Care CEO Ralph de la Torre fired back Thursday at lawmakers trying to force him to testify about the downfall of the hospital chain he runs. Hours after the U.S. Senate on Wednesday unanimously asked DOJ to prosecute de la Torre for criminal contempt of Congress — the first such referral since 1971 — the executive issued a statement saying he would "not be intimidated" by the move. De la Torre was disappointed the Senate decided "to continue their violations of Dr. de la Torre's constitutional rights, particularly those protected under the 5th Amendment of the U.S. Constitution," a spokesperson told the Globe in an early morning email after the vote. "The U.S. Constitution stands above the government to protect all Americans from precisely the kind of assault on our rights that we are witnessing here."
The Department of Veterans Affairs is calling on Congress to address a $12 billion budget shortfall by the end of the year, to ensure it can keep providing health care to a record number of veterans.
A unanimous U.S. Senate approved a resolution Wednesday intended to hold Steward Health Care CEO Ralph de la Torre in criminal contempt for failing to testify before a Senate panel. Members of a Senate committee looking into the bankruptcy of Steward Health Care adopted the resolution last week after de la Torre refused to attend a committee hearing last week despite being issued a subpoena. The resolution was sent to the full Senate for consideration. Sen. Bernie Sanders, I-VT, and chair of the Senate HELP Committee, said de la Torre's decision to defy the subpoena gave the committee little choice but to seek contempt charges. The criminal contempt resolution refers the matter to the U.S. attorney for the District of Columbia to criminally prosecute de la Torre for failing to comply with the subpoena.
Novo Nordisk's top executive faced a Senate grilling on Tuesday over the high prices of the company's weight loss drug Wegovy and diabetes treatment Ozempic, as demand for both injections soars in the U.S. Novo Nordisk CEO Lars Fruergaard Jørgensen did not explicitly promise lawmakers at a Senate Health, Education, Labor and Pensions Committee hearing in Washington, D.C., that he would slash prices for the two drugs. But Jørgensen said he wants to work with them on policy solutions that will address the "structural issues" that drive up prescription drug costs. He also committed to sitting down with pharmacy benefit managers – middlemen who negotiate drug rebates with manufacturers on behalf of insurers – to "collaborate on anything that helps patients get access and affordability." That pledge came after Sen. Bernie Sanders, I-VT, who chairs the Senate panel, said he received commitments in writing from all of the major PBMs that they would not limit coverage of Wegovy and Ozempic if Novo Nordisk reduced their list prices.
Baystate Health, which runs Baystate Medical Center in Springfield and bills itself as the largest healthcare organization in Western Massachusetts, announced a leadership shake-up on Tuesday and said more changes are to come. The announcement came as the organization, which serves the Pioneer Valley and surrounding areas, tries to stanch the financial bleeding that has plagued many hospitals in recent years. Peter D. Banko, who became the new CEO of the system in June, said in a note to staff that three senior vice presidents will be leaving the organization effective Oct. 23. They are Kevin Conway, chief information and digital officer; Kristin Morales-Lemieux, chief human resources officer; and Doug Salvador, chief quality officer. Banko thanked them for their work and gave no explanation for why they are departing.