The Healthy Muse
This week's healthcare news discusses open enrollment season and the continued Medicare Advantage surge, Amy Coney Barrett's, SCOTUS hearing, Select Medical purchases RehabCare, Clover goes public, and more.

healthy muse healthcare news.

the open enrollment season edition

Open enrollment for Medicare is here, and everyone’s getting ready.

Open season, open enrollment. Open enrollment season for Medicare starts within a week as aging Baby Boomers continue to enter the program. This year, several new companies are making notable moves into the growing Medicare market:

Walmart: everyday low healthcare prices.

Earlier in October, Walmart announced its partnership with **Clover** for a MA plan in Georgia. Walmart also partnered with recently IPO’d **Oak Street Health** in Texas

  • Now this week, Walmart announced its plans to become a MA broker in all 50 states, servicing plans from United, WellCare, Humana, and others. Notably missing? CVS/Aetna, a Walmart Health competitor given the HealthHUB strategy.

Clover.

The payor incumbents.

On the horizon.

  • All of this expansion news comes at a time when Medicare advisers are considering an MA payment overhaul as everyone continues to expand into the space.

A major deal in rehab.

This week, Select Medical purchased fellow post-acute operator Kindred Healthcare’s skilled nursing and senior living service line (AKA, RehabCare) for an undisclosed-but-probably-large sum of money.

  • My thoughts: In an industry where skilled nursing is currently suffering, Select probably thinks it can buy low, turn around operations, and expand its post-acute footprint at a reasonable price.

Coronavirus updates.

  • How about a dose of optimism about the pandemic for once, folks?
  • The promising antibody treatment that Trump took during his run in with the ‘Rona shows a lot of promise, but there’s no evidence (yet) that it’s a cure. Currently, Regeneron and Eli Lilly are producing antibody treatments that could prove to be effective treatments.
  • According to Operation Warp Speed, first vaccine approvals might be targeted around Thanksgiving weekend.
  • Is a second wave coming as we approach the winter months? Unfortunately, numbers are on the rise.

Quick Hits

Biz Hits

  • We don’t need that: HCA returned all $6 billion in federal aid $$$ it received and reported strong Q3 preliminary results on the back of a favorable payor mix and an increase in patient acuity.
  • In the M&A rumor mill: Shares of Amwell jumped big-time after UnitedHealthcare was rumored to show interest in purchasing the telehealth player.
  • M&A finalized: Atrium Health and Wake Forest Baptist sealed their merger previously announced on April 2019. The $11.5 billion in revenue system will serve patients along the east coast in ACC territory. Paladina Health is acquiring direct primary care peer Healthstat. And Novant Health’s $5.3 billion deal for New Hanover Regional Medical Center in North Carolina was approved.
  • NEMT: Lyft announced its integration with Epic this week. That means that any hospital running Epic’s system can arrange rides for its patients.

Policy Hits

Other Hits

Thought-Provoking Editorials

  • A CBO roadmap to universal healthcare. (Niskanen)
  • Medicare Advantage for all, perhaps? (JAMA)
  • Attention, Walmart patients. (Medium)

Healthy Muse Top Picks

  • A review of the Clover SPAC. (Medium)

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The Healthy Muse was created to educate people on the healthcare system. It’s one weekly e-mail updating you on all the major election news, broader trends, big stories, and policy updates. Learn more about our vision here.

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