Republican Healthcare Bankruptcy

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‘Life and death situations’: Lawmakers battle Wall Street …

(5 days ago) Web09/11/2023 05:00 AM EDT. A wall of debt is coming due for private equity-owned hospitals and nursing homes that threatens to undermine care for some of the most vulnerable Americans. That’s

https://www.politico.com/news/2023/09/10/lawmakers-battle-wall-street-over-health-care-00113626

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Healthcare bankruptcies are rising. Here are five major filings so …

(8 days ago) WebSo far this year, over 80 healthcare companies with more than $10 million in liabilities have filed for bankruptcy (including Chapter 11, Chapter 7, Chapter 9 and Chapter 15), according to data

https://www.healthcaredive.com/news/healthcare-bankruptcies-rising-five-major-filings-2023/700132/

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Sam Bankman-Fried Is Not Entirely Wrong - The American …

(3 days ago) WebIn February, the Steward hospital chain was at the lowest point of a decade-long downward spiral. The Centers for Medicare & Medicaid Services was threatening to shut down its Louisiana hospital over standards of care a Republican state rep described in a hearing as “cruelty.” Boston Globe columnist Brian McGrory had spent much of the …

https://prospect.org/health/2024-05-13-sam-bankman-fried-not-wrong-steward-health-bankruptcy/

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US healthcare bankruptcies soar as costs mount

(3 days ago) WebClose to fivefold increase in large healthcare companies filing for Chapter 11 last year. US bankruptcy volumes in 2023 overall were lower, at 133, than in 2020, when there were 179. The

https://www.ft.com/content/65dfbc81-2641-48fa-a40a-647076943194

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Charted: Hospital bankruptcies reach 5-year high

(3 days ago) WebHospital bankruptcies hit 5-year high. According to the report, there were 79 bankruptcy filings in the healthcare sector in 2023, the highest since 2019, which saw 51 filings. The report found that case volumes in 2023 were more than triple the level in 2021 and more than 1.7 times the level in 2022. The report also found that bankruptcy

https://www.advisory.com/daily-briefing/2024/01/30/bankruptcies

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Steward Health, Nation’s Largest Physician-Owned Hospital …

(8 days ago) WebSteward Health Care System, the largest U.S. physician-owned hospital operator, on Monday filed for chapter 11 protection, marking one of the biggest hospital bankruptcies in decades. Steward

https://www.wsj.com/articles/steward-health-care-to-file-for-bankruptcy-as-soon-as-sunday-4a5fbc50

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Steward Health Files Chapter 11 After Medical Properties …

(2 days ago) WebIn January, Medical Properties provided Steward Health with a $60 million bridge loan and deferred some of its rent arrears. Medical Properties fell as much as 11.5% in Monday trading as of 11:20

https://www.bloomberg.com/news/articles/2024-05-06/steward-health-files-chapter-11-after-medical-properties-deal

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FACT SHEET: The Congressional Republican Agenda: …

(5 days ago) Web34 million children at risk of losing guaranteed access to mental health care. Past Republican plans proposed ending Medicaid’s guarantee of comprehensive health coverage for children. This

https://www.whitehouse.gov/briefing-room/statements-releases/2023/02/28/fact-sheet-the-congressional-republican-agenda-repealing-the-affordable-care-act-and-slashing-medicaid/

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Healthcare industry bankruptcies spiked in 2023, report finds

(7 days ago) Web2023 was the biggest year for healthcare Chapter 11 bankruptcy filings in the past half-decade, according to a new research report from Gibbins Advisors. The restructuring advisory firm spotted 79

https://www.fiercehealthcare.com/finance/chapter-11-bankruptcies-spiked-across-healthcare-2023-particularly-hospitals

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‘Private equity vultures’: Mass. Sens. Warren, Markey - MassLive

(9 days ago) WebU.S. Sen. Elizabeth Warren, D-Mass., called Steward’s bankruptcy filing in the early hours of Monday morning the “direct consequence of Wall Street private equity vultures looting our health

https://www.masslive.com/politics/2024/05/private-equity-vultures-mass-sens-warren-markey-slam-steward-for-bankruptcy-filing.html

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Healthcare bankruptcies reached five-year peak in 2023, report finds

(5 days ago) WebLarge healthcare bankruptcies, or filings with liabilities over $100 million, in particular surged in 2023. The report tallied 28 large filings last year, compared with just seven in 2022 and

https://www.healthcaredive.com/news/healthcare-bankruptcies-spike-2023-gibbins-advisors/705738/

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The Republican Platform – What It Means for Healthcare

(1 days ago) WebThe document also offers insight into the framework of potential Republican legislation to replace the ACA, promising to “increase healthcare choice and options, contain costs and reduce

https://www.natlawreview.com/article/republican-platform-what-it-means-healthcare

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Senator Warren Statement on Steward Health Care’s Bankruptcy

(3 days ago) WebMay 06, 2024 Senator Warren Statement on Steward Health Care’s Bankruptcy. Boston, MA — Today, United States Senator Elizabeth Warren (D-Mass.) released the following statement regarding Steward Health Care’s bankruptcy: “Steward Health Care’s bankruptcy is a direct consequence of Wall Street private equity vultures looting our …

https://www.warren.senate.gov/newsroom/press-releases/senator-warren-statement-on-steward-health-cares-bankruptcy

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2023 Healthcare Bankruptcies Reached Highest Level in 5 Years

(9 days ago) WebBy Victoria Bailey. February 07, 2024 - The number of healthcare bankruptcies in 2023 increased 71 percent from 2022, reaching the highest level in the last five years, a report from Gibbins Advisors revealed. The report analyzed healthcare and medical sector Chapter 11 bankruptcy cases for companies with liabilities of at least …

https://revcycleintelligence.com/news/2023-healthcare-bankruptcies-reached-highest-level-in-5-years

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Steward Health Care says it is selling the 30+ hospitals it operates

(7 days ago) WebSteward Health Care said it plans to sell off all its hospitals after announcing this week that it filed for bankruptcy protection.. The Dallas-based company, which operates more than 30 hospitals nationwide, said it does not expect any interruptions in its hospitals’ day-to-day operations, which the company said will continue in the ordinary …

https://apnews.com/article/steward-hospital-bankruptcy-264edc6309f7b9eaa309c4113211ce30

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Private equity is bankrupting American healthcare firms—literally

(6 days ago) WebIn addition to the 17 PE-owned healthcare companies that filed for bankruptcy in 2023, there were at least 12 bankruptcies among healthcare companies with venture capital backing, representing

https://fortune.com/2024/05/03/private-equity-healthcare-bankruptcy-medical/

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Steward Health Care seeks bankruptcy protections WBUR News

(5 days ago) WebSteward Health Care seeks bankruptcy protections. After months of uncertainty about its future, the nation’s largest private, for-profit hospital chain has filed for bankruptcy in Texas. Dallas

https://www.wbur.org/news/2024/05/06/steward-bankruptcy-massachusetts-for-profit-hospitals-debt

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Medical Bankruptcy: Still Common Despite the Affordable Care Act

(3 days ago) WebIn surveys conducted by researchers with the Consumer Bankruptcy Project in 2001 5 and 2007, 6 a majority of recently bankrupt debtors implicated medical bills or illness-related work loss as causes of their bankruptcy, findings that President Obama used to argue for passage of the Affordable Care Act (ACA).

https://www.ncbi.nlm.nih.gov/pmc/articles/PMC6366487/

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Steward’s bankruptcy documents reveal sprawling debt, planned …

(7 days ago) WebAt 3:30 a.m. Monday, Steward Health Care filed for Chapter 11 protections in U.S. Bankruptcy Court for the Southern District of Texas. Eleven minutes later, Steward employees had an email waiting

https://www.healthcaredive.com/news/stewards-bankruptcy-documents-reveal-sprawling-debt-planned-hospital-fire/715245/

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US Hospital Network Steward Files for Bankruptcy, Aims for New …

(8 days ago) WebNEW YORK (Reuters) -Steward Health Care, which operates 31 hospitals in eight U.S. states, filed for Chapter 11 bankruptcy in Texas on Monday, aiming to secure a new loan from its landlord Medical

https://www.usnews.com/news/us/articles/2024-05-06/u-s-hospital-network-steward-files-for-bankruptcy-aims-for-new-loan

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Bankrupt Steward Health puts its hospitals up for sale, discloses $9

(3 days ago) WebBankrupt Steward Health Care has put all of its 31 U.S. hospitals up for sale, hoping to finalize transactions by the end of the summer to address its $9 billion in total liabilities, its

https://www.reuters.com/business/healthcare-pharmaceuticals/bankrupt-steward-health-puts-its-hospitals-up-sale-discloses-9-bln-debt-2024-05-07/

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‘Steward Hospitals remain open’: Healey says amid health care …

(2 days ago) WebMassachusetts Gov. Maura Healey discusses the bankruptcy filing by Steward Health Care during a news conference at the State House in Boston, Mass. on Monday, May 6, 2024 (MassLive photo by John L

https://www.masslive.com/politics/2024/05/steward-hospitals-remain-open-healey-says-amid-healthcare-providers-bankruptcy-filing.html

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Mass. Sen. Markey, Vermont’s Sanders call on feds to step

(2 days ago) WebTwo U.S. senators from New England have called on the federal government to be ready to step in to ensure access to care if financially troubled Steward Health Care can’t do it in the midst of

https://www.masslive.com/politics/2024/05/mass-sen-markey-vermonts-sanders-call-on-feds-to-step-up-if-steward-cant-provide-care.html

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Markey targets private equity in health care - The Washington Post

(8 days ago) WebHouse Republican appropriators want to cut next year’s spending bill covering the federal health department by as much as 11 percent, setting up a fight with the Democratic-controlled Senate

https://www.washingtonpost.com/politics/2024/05/17/targeting-private-equity-health-care/

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Hospital operator Steward Health Care files for bankruptcy …

(4 days ago) WebFILE - The Texas Capitol is viewed from its south side on Wednesday, Jan. 5, 2005, in Austin, Texas. Financially embattled hospital operator Steward Health Care filed for bankrupcy protection early Monday, May 6, 2024, morning in the U.S. Bankruptcy Court for the Southern District of Texas.

https://apnews.com/article/steward-health-care-massachusetts-bankruptcy-dddb6acbc19cea9f914d378c7aaf2cec

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Healthcare Sector Bankruptcies Are On The Rise - Forbes

(5 days ago) WebLate last week, yet another healthcare giant was reported to be preparing for bankruptcy filings: Rite Aid Corporation. According to news reports, the healthcare and pharmacy titan is preparing to

https://www.forbes.com/sites/saibala/2023/08/27/healthcare-sector-bankruptcies-are-on-the-rise/

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Covid origins in spotlight, as feds cut funding to virus hunters

(6 days ago) WebA newsletter briefing on the health-care policy debate in Washington. center of persistent Republican attacks over his pandemic recommendations, his agency’s funding of EcoHealth and other

https://www.washingtonpost.com/politics/2024/05/16/covid-origins-spotlight-feds-cut-funding-virus-hunters/

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Mass. health leaders concerned about effects of Steward …

(4 days ago) WebMass. health leaders concerned about effects of Steward bankruptcy. May 15, 2024. Deborah Becker. A sign at Holy Family Hospital, a Steward hospital in Haverhill, Mass. (Robin Lubbock/WBUR) State

https://www.wbur.org/news/2024/05/15/massachusetts-health-care-steward-care-concerns

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Kris Mayes to investigate Steward Health Care's bankruptcy

(7 days ago) Web1:40. Arizona Attorney General Kris Mayes has launched an investigation into Steward Health Care, which operates four hospitals and 22 clinics in Arizona, after its bankruptcy filing. The Attorney

https://www.azcentral.com/story/news/local/arizona-health/2024/05/14/kris-mayes-investigation-steward-health-care-bankruptcy/73648423007/

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Gov. Evers Sues Republican Legislators for Continued Obstruction …

(8 days ago) WebIn February, Gov. Tony Evers approved SB 1015, now 2023 Wisconsin Act 97, securing $15 million in crisis response resources to support healthcare access in Western Wisconsin in the wake of the

https://www.weau.com/2024/05/13/gov-evers-sues-republican-legislators-continued-obstruction-investments-intended-address-pressing-challenges-facing-wisconsin/

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Former Maryland Gov. Larry Hogan says he is 'pro-choice' and …

(6 days ago) WebLarry Hogan, who won the Republican nomination for Maryland's op e n Se nate seat this week, is casting himself as "pro choice," marking a significant shift from his earlier position on abortion

https://www.nbcnews.com/politics/2024-election/former-maryland-gov-larry-hogan-says-choice-supports-abortion-rights-rcna152683

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Republican-backed immigration ballot measure stalls in Arizona …

(1 days ago) Web0:00. 2:10. Activists said they were emboldened Thursday afternoon following the delay of a vote on an immigration bill in the Arizona state Senate. Republicans are trying to pass House Concurrent

https://www.azcentral.com/story/news/politics/legislature/2024/05/14/republican-backed-immigration-ballot-measure-stalls-in-arizona-senate/73680594007/

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Care at Steward hospitals is ‘declining,’ Lawrence doc tells state

(1 days ago) WebState officials continue to encourage people to seek care at Steward Health Care’s eight hospitals across the Bay State despite the company’s bankruptcy. But a doctor from a neighboring

https://www.masslive.com/politics/2024/05/care-at-steward-hospitals-is-declining-lawrence-doc-tells-state-regulators.html

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Judge dismisses AZ election lawsuit from Republican National …

(7 days ago) Web0:02. 3:35. A judge has ruled against the Republican National Committee in a lawsuit that challenged Arizona's new voting rulebook and alleged it would allow election fraud. The suit, filed in

https://www.usatoday.com/story/news/politics/arizona/2024/05/14/judge-dismisses-az-election-lawsuit-from-republican-national-committee/73692389007/

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Should Medical Debt Harm Your Credit Score? - scura.com

(9 days ago) WebWhen it comes to medical debt and your credit score, make sure you know all of your options and how the debt can affect your credit.

https://www.scura.com/blog/should-medical-debt-harm-your-credit-score

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North Carolina lawmakers push bill to ban most public mask …

(Just Now) WebUpdated 5:00 PM PDT, May 15, 2024. RALEIGH, N.C. (AP) — Republican lawmakers in North Carolina are pushing forward with their plan to repeal a pandemic-era law that allowed the wearing of masks in public for health reasons, a move spurred in part by demonstrations against the war in Gaza that have included masked protesters …

https://apnews.com/article/north-carolina-masks-covid-protests-gaza-7da0c5dd3ee1a59f9482e709bf4b3300

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Boy Scouts of America changes name to Scouting America : NPR

(2 days ago) WebThe 114-year-old organization says it's rebranding to Scouting America to be more inclusive. The move by the Boy Scouts after a wide-ranging child sex abuse scandal and bankruptcy.

https://www.npr.org/2024/05/07/1249697474/boy-scouts-of-america-scouting-america-name-change

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