Startup Aledade’s Ambitious Goal: Reduce Health Care Costs While Improving Care Quality
The New York Times profiles the progress the company has made at two primary care practices in Kansas. In other industry news, health insurer Oscar posts a $57.6 million first-half loss. And Sabra Health Care shareholders approve a proposed merger with Care Capital Properties.
The New York Times:
A Start-Up Suggests A Fix To The Health Care Morass
If you watched the drama in Washington last month, you may have come away with the impression that the American health care system is a hopeless mess. ... So it is surprising that across the continent from Washington, investors and technology entrepreneurs in Silicon Valley see the American health care system as the next great market for reform. (Manjoo, 8/16)
Bloomberg:
Obamacare Startup Oscar Posts $57.6 Million First-Half Loss
Oscar Insurance Corp., the health-insurance startup focused on selling Obamacare plans, posted a smaller first-half loss than a year earlier, according to state regulatory filings. Oscar, whose co-founders include Joshua Kushner and Mario Schlosser, lost $57.6 million in the first half of the year in Texas, New York and California. That’s down from $83 million a year earlier. In Texas and California, the company brought in more in premiums than it spent on care, though in New York its health costs still exceeded premiums. (Tracer, 8/15)
The Wall Street Journal:
Sabra Health Care Shareholders Approve Deal With Care Capital Properties
Shareholders of Sabra Health Care on Tuesday voted in favor of a proposed merger with another skilled nursing company, Care Capital Properties Inc., despite a backlash from investors that threatened to derail the deal. (Fung, 8/15)
