Jan 25, 2017

Industry to Trump: Don't mess with value-based health care

U.S. Army Africa / Flickr Creative Commons

A financially and politically powerful group of 121 hospital systems, health insurers, drug companies, physician groups and lobbying firms are asking President Trump not to undermine the movement toward a system that rewards safer and less expensive care.

Obamacare has pushed for the faster adoption of so-called value-based care, where hospitals, doctors, drug makers and others are paid for the best health care outcomes instead of the number of services or products they provide. This concept was further enshrined in the bipartisan MACRA law that was passed last year, although many have argued that law is overly complex.

The letter, sent Wednesday, calls on the Trump administration to back ideas the industry has invested in, like accountable care organizations. Trump's Health and Human Services nominee, Tom Price, isn't a huge fan of MACRA or some of the value-based care projects, like bundled payments.

Some of the signees: The American Hospital Association and many of its health system members like the Cleveland Clinic, Aetna, Anthem, Pfizer and Johnson & Johnson. Some of the other groups and companies that signed the letter, like Evolent Health and Athenahealth, also have a big financial stake in the cause because they provide technology and consulting for value-based care.

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Wisconsin Supreme Court blocks governor from delaying state's primary

Tony Evers. Photo: Nuccio DiNuzzo/Getty Images

Wisconsin's Supreme Court on Monday blocked an executive order by Gov. Tony Evers (D) that attempted to delay in-person voting for the state's primary election — currently scheduled for Tuesday — until June 9.

Driving the news: Judges ruled 4-2 along ideological lines that Evers does not have the power as governor to unilaterally postpone the election, despite the fact that the state has a stay-at-home order in place due to the coronavirus pandemic.

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Coronavirus dashboard

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  1. Global: Total confirmed cases as of 5 p.m. ET: 1,331,032 — Total deaths: 73,917 — Total recoveries: 275,851Map.
  2. U.S.: Total confirmed cases as of 5 p.m. ET: 356,942 — Total deaths: 10,524 — Total recoveries: 18,999Map.
  3. 2020 update: Wisconsin governor orders in-person primary voting delayed until June.
  4. States latest: West Coast states send ventilators to New York and other states with more immediate need — Data suggest coronavirus curve may be flattening in New York, Gov. Andrew Cuomo said.
  5. World update: U.K. Prime Minister Boris Johnson moved to intensive care as coronavirus symptoms worsen.
  6. Stocks latest: The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.
  7. What should I do? Pets, moving and personal health. 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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Stocks jump 7% despite bleak coronavirus projections

People passing by the New York Stock Exchange amid the coronavirus pandemic. Photo: John Nacion/NurPhoto via Getty Images

The S&P 500 closed up 7% on Monday, while the Dow rose more than 1,500 points.

Why it matters: The huge market surge comes amid rare optimistic signs that the spread of the coronavirus may be slowing in parts of the country, including New York. But government officials say this will be a difficult week, while economists — including former Fed chair Janet Yellen today — warn that the pandemic could have a catastrophic impact on the global economy.