Former Bureau Chief / New YorkSee All Staff Page
National hospital operator Catholic Health Initiatives made an early and decisive push into health insurance after the Affordable Care Act became law. Now that strategy is under review as the system's operations flag.
The nation's not-for-profit hospital operators have billions of dollars in reserves invested in stocks, bonds, private equity and hedge funds. And, like investors everywhere, they have seen recent volatility deliver eye-popping losses—and new investment opportunities.
Soaring labor costs cut into Trinity Health's operating gains during the final six months of 2015. Contract labor costs at the Livonia, Mich.-based system nearly doubled to $100.4 million from $51 million during the prior year's same six-month period.
High deductibles add to consumers' financial stress and dissuade some patients from getting needed medical care. That is not only worrisome, but could also block attempts to reform U.S. healthcare, health-policy experts warn in the latest New England Journal of Medicine.