Former White House advisor Bob Kocher, MD calls attention to growing hospital consolidation within healthcare as an unfavorable effect of ACA, citing research suggesting that “savings and quality improvement are generated much more often by independent primary-care doctors than by large hospital-centric health systems.”
Cerner reports Q2 results: revenue climbed eight percent to $1.13 billion, adjusted EPS $0.58 vs. $0.52, meeting revenue and surpassing earnings forecasts.
Aetna announces that it will cancel its ACA insurance exchange expansion plans and will reassess its involvement in the 15 states where it currently offers plans on exchanges. Humana made a similar announcement last month shortly after the Justice Department filed a lawsuit aimed at blocking a proposed Aetna-Humana merger.
Verily, Google’s life sciences business, partners with drug maker GSK to form jointly-owned Galvani Bioelectronics which will create miniaturized, implantable medical devices that will “modify electrical signals that pass along nerves in the body” to treat arthritis, diabetes, and asthma. The companies will invest $700 million in the venture over the next seven years.