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Elevance pulls in $418 million in Q4 profit
Elevance Health saw $418 million in profit during the fourth quarter, down 51% from the $856 million in profit it hauled in at the end of 2023, company officials said during an earnings call this morning.
Revenue was up year-over-year, hitting $45 bill…
Aspirus embarks on $227 million hospital expansion
Aspirus Health in Wausau, Wisconsin is expanding one of its hospitals to the tune of about $227 million, with Aspirus Wausau Hospital earmarked for renovation as critical care needs grow in the region, the health system said.
DOJ sues Walgreens for dispensing alleged illegal prescriptions
The Department of Justice has filed a lawsuit against Walgreens Boots Alliance and its subsidiaries for allegedly dispensing millions of unlawful prescriptions in violation of the Controlled Substances Act.
According to the lawsuit, Walgreens then soug…
New York putting $188 million toward cancer center
New York State is investing in seven hospitals and healthcare partnerships, with preliminary approval part of the Healthcare Safety Net Transformation Program. This includes a $188 million investment in Jamaica Hospital and Memorial Sloan Kettering to …
Sutter Health makes $1 billion AI deal with GE
California-based Sutter Health is entering into a seven-year partnership with GE Healthcare designed to integrate artificial intelligence technology into its health system operations, the organizations said this week.
AdventHealth Parker plans $300 million expansion
Colorado–based AdventHealth Parker is planning a $300 million expansion project that includes a new patient tower with additional operating rooms and surgical beds.
15 more drugs selected for Medicare drug price negotiations
Fifteen additional drugs that are covered under Medicare Part D have been selected for price negotiations by the Department of Health and Human Services, the government agency said today.
44 million people enrolled in ACA programs, KFF finds
Upward of 44 million people, or 16.4% of the non-elderly U.S. population, have been covered by an Affordable Care Act initiative, including health plan enrollment and Medicaid expansion, finds a new KFF report.
UnitedHealth Group praises Optum, hits $400.3 billion in revenue
UnitedHealth Group’s 2024 revenues hit $400.3 billion in 2024 – a 6% year-over-year increase – and full-year earnings from operations were $32.3 billion.
CEO Andrew Witty attributed much of this performance to a strong showing from pharmacy benefit ma…
FTC says top three PBMs made $7.3 billion from marked up drug prices
The “Big 3” pharmacy benefit managers – CVS Caremark, Express Scripts and OptumRx – mark up specialty drugs at their affiliated pharmacies by hundreds or even thousands of percent, according to a new interim staff report from the Federal Trade Commissi…
