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Marilyn Tavenner has led AHIP since 2015. Photo: Tom Williams / CQ Roll Call via Getty Images

Marilyn Tavenner is stepping down as CEO of America's Health Insurance Plans, the health insurance industry's leading lobbying organization. She will be replaced by Matt Eyles effective June 1.

Between the lines: Tavenner, who was the top Medicare and Medicaid official under the Obama administration and also helped oversee the rollout of the Affordable Care Act, had a rocky tenure in her three years at AHIP. Several of the largest insurance companies left the organization, and Republicans were not responsive to some of the industry's biggest concerns during the repeal-and-replace debate.

Looking ahead: Eyles, now AHIP's chief operating officer, has health insurance lobbying experience, though he originally entered the industry as a pharmaceutical lobbyist. He represented Eli Lilly and Wyeth, a company that was bought out by Pfizer in 2009.

  • High drug prices has been one of AHIP's main rallying cries over the past year, and AHIP has pointed blame for the problem directly at the pharmaceutical industry.

Go deeper

Behind GameStop's latest stock surge

Illustration: Aïda Amer/Axios

Back in focus: The meme stock trade.

By the numbers: GameStop finished up 19%, after a wild day that saw shares spike as much as 80%.

AT&T spins off U.S. video business via deal with TPG

Photo: AaronP/Bauer-Griffin/GC Images

AT&T is spinning off three of its video services, including its satellite TV brand DirecTV, to create a new standalone video company called New DIRECTV.

Details: The company will be jointly owned by AT&T and private-equity giant TPG. AT&T will retain a 70% stake and TPG will own 30% of the firm.

Updated 1 hour ago - Sports

Ex-USA Gymnastics coach dies by suicide after being charged with human trafficking

John Geddert. Photo: AFP via Getty Images

The body of John Geddert was found on Thursday, just hours after the former USA Gymnastics coach was charged with 24 counts of criminal misconduct, according to Michigan Attorney General Dana Nessel.

What they're saying: “My office has been notified that the body of John Geddert was found late this afternoon after taking his own life. This is a tragic end to a tragic story for everyone involved," Nessel said in a statement.