Dec 4, 2017

Advocate, Aurora health systems propose merger

An Advocate hospital in Chicago. Photo: Kiichiro Sato / AP

Advocate Health Care and Aurora Health Care — large not-for-profit hospital systems based in Illinois and Wisconsin, respectively — have agreed to merge into one system that would have 27 hospitals, $11 billion in revenue and strong negotiating leverage in the two states.

Why it matters: The CVS-Aetna merger is capturing most of the health care consolidation attention. But hospitals have been merging at a rapid pace as a way to offset declining or stagnant revenues. Advocate most recently tried to merge with NorthShore University HealthSystem in Chicago, but the Federal Trade Commission's antitrust concerns forced the two sides to call off the deal.

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Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8 a.m. ET: 874,081 — Total deaths: 43,291 — Total recoveries: 185,194.
  2. U.S.: Leads the world in confirmed cases. Total confirmed cases as of 8 a.m. ET: 189,633 — Total deaths: 4,081 — Total recoveries: 7,136.
  3. Axios-Ipsos Coronavirus Index: It's "a tale of two Americas" — as the rich are more likely to work from home and the poor are more likely to report to work.
  4. Federal government latest: President Trump said the next two weeks would be "very painful," with projections indicating the virus could kill 100,000–240,000 Americans.
  5. Coronavirus in custody: Inmates in all federal prisons are set to enter a 14-day quarantine on April 1.
  6. 2020 updates: Joe Biden said it's "hard to envision" the Democratic National Convention going ahead as planned in July.
  7. What should I do? Answers about the virus from Axios expertsWhat to know about social distancingQ&A: Minimizing your coronavirus risk.
  8. Other resources: CDC on how to avoid the virus, what to do if you get it.

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Americans feel better about their finances after coronavirus stimulus

Data: Axios/Ipsos survey, margin of error ranges from ±5 to ±9 percentage points; Chart: Naema Ahmed/Axios

Americans have become more optimistic about the state of their finances in the last week, a new survey from Axios and Ipsos shows.

The state of play: While some remain worried, particularly those at the lower end of the economic spectrum, the data shows people are more confident about the security of their jobs and ability to take care of expenses after the passage of the $2.2 trillion CARES Act.

Trump's new dark, dire coronavirus outlook

Photo: Chris Kleponis/Polaris/Bloomberg via Getty Images

Never has President Trump looked and sounded so somber and downbeat as he did at dinnertime yesterday as walked America through the "very, very painful" days of death ahead. 

Why it matters ... It was a moment the history books won’t forget: Trump, who a week ago was talking about an Easter-time return to work, warned in grim detail of the potential for 100,000 to 240,000 deaths.