Blue Cross and Blue Shield of Vermont has lost over $150 million in the past four years. If it fails, the state's entire healthcare apparatus could fall apart, officials say.
Investors say United HealthCare, the third largest public healthcare company in the world by market value, shifted away from its much maligned practice of denying treatment and claims, without publicly disclosing the impact on company profits.
New Mexico Gov. Michelle Lujan Grisham (D) on Sunday blasted Republican efforts to reduce Medicaid funding, saying potential cuts would "destroy health care as we know it." "This is very simply an effort to destroy health care as we know it, to rip it away from everyday Americans, make it more costly for everybody else," Lujan Grisham said in an interview on CBS News's "Face the Nation." The Democratic governor warned that potential cuts would have far-reaching consequences across the country.
House Republicans plan to enact work requirements and more frequent eligibility checks for Medicaid, according to a House Energy and Commerce Committee plan released late on May 11. However, the proposal does not pursue some of the deeper cuts that lawmakers had considered, including lowering the federal match rates with states or capping per-person federal spending in Medicaid.
President Donald Trump says he'll sign an executive order on Monday that, if implemented, could bring down the costs of some medications — reviving a failed effort from his first term on an issue he's talked up since even before becoming president. The order Trump is promising will direct HHS to tie what Medicare pays for medications administrated in a doctor's office to the lowest price paid by other countries.
As Republicans in Congress debate ways to cut Medicaid so they can fund tax breaks, Democrats are pushing them in a different direction: cut excess spending in Medicare Advantage instead.