Healthcare Blog
The board of St. Vincents Hospital in lower Manhattan threw in the financial towel last night, voting to close in-patient services that had been a medical mainstay in Greenwich Village for 160 years.
The decision wasnt a surprise, having dragged on for six months as the 727-bed hospital tried to come up with […]
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JGrimes
The number of Americans without health insurance could rise to almost 60 million by 2015 from 49 million today if nothing is done to overhaul the health-care system, a new forecast says.
The uninsured could reach more than 67 million in 10 years, according to the Robert Wood Johnson Foundation, which paid for the […]
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JGrimes
The government said this morning that the unemployment rate held at 9.7% in February for the second month in a row. The health-care sector added 12,000 jobs.
That continues the series of monthly job gains that has made health care an economic bright spot since the start of the recession. Read the latest Bureau […]
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Shirley S. Wang
Even if your state is so broke that it’s handing out IOUs instead of paying its bills, there’s a limit to how much you can cut payments to the doctors, dentists and other providers who are caring for the poor, a court ruled on Thursday. Here’s the story from the Los […]
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JGrimes
California Gov. Arnold Schwarzenegger is bagging a plan to improve his state’s prison health-care system, which is known to be a mess, because of the $1.9 billion price tag.
“We cannot agree to spend $2 billion on state-of-the-art medical facilities for prisoners while we are cutting billions of dollars from schools and health care […]
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JGrimes
Even as the economy has lost millions of jobs over the course of the recession, health care has continued to add jobs. So it makes sense that unions would be eager to sign up health-care workers — so eager, in fact, that megaunion SEIU is locked in a public fight against an upstart […]
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JGrimes
Massachusetts’s universal health plan, long discussed as a possible model for the nation, is getting a $115 million haircut. Faced with lower revenues and a growing number of citizens who lost their jobs and their health insurance, the state didn’t have enough money to pay for insurance subsidies for needy residents under the […]
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JGrimes
While the health-care sector has continued to add jobs through much of the recession, many individual hospitals have been feeling the pinch. We were reminded of this fact this morning, when we noticed recent reports from around the country describing layoffs at several hospitals.
The University of Iowa Hospitals must cut $45 million from […]
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JGrimes
Cloudy days are starting to turn brighter for the biotech industry, many of whose smaller players have been strapped for cash amid the recession. A run-down of recent deals and other positive developments:
Exelixis is licensing two experimental cancer drugs to Sanofi-Aventis, and getting an upfront payment of $140 million.
MAP Pharmaceuticals reported very positive […]
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JGrimes
Here’s a new way of underscoring the burden of health-care costs for U.S. employers: A health-care trust may actually own a significant part of General Motors.
Under the deal struck by GM and the United Auto Workers, 17.5% of the company’s shares will be owned by a union health-care trust, with an option for […]
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