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Robert Smith captivated America in May 2019, pledging to pay off student debt for Morehouse College's graduating class. It was Smith's introduction to the national stage, after decades of private equity success that made him the richest Black American and a philanthropic force.

Axios Re:Cap focuses on Smith and recent reporting that he's under criminal investigation by the IRS, which could dent both his reputation and his political ambitions.

Go deeper

Updated Nov 13, 2020 - Axios Events

Watch: The future of health care in America

On Friday, November 12, Axios's Sam Baker hosted a conversation on how to expand health insurance access and increasing pandemic concerns, featuring Sen. Tina Smith (D-Minn.) and President of The Foundation for Research on Equal Opportunity Avik Roy.

Sen. Smith discussed how the pandemic has exposed and exacerbated inequalities in American health care and highlighted the increasing need to expand telehealth options for vulnerable populations.

  • How telehealth can make mental health care more accessible: "The upsurge in depression, anxiety and also suicidal ideation are going up dramatically. These are things that telehealth can also help, not as a complete substitution for in-person care, but as a way of making care more accessible."

Avik Roy unpacked the current health care debate, focusing on the question of how to achieve universal coverage, how government subsidies support employer-based coverage, and where the Republican party stands on health care issues.

  • On the distinction between universal coverage and single-payer systems: "A lot of people on both sides of the debate don't appreciate that universal coverage is not the same thing as single payer government-run health care...a lot of countries in Europe, or at least a number of them, have achieved universal coverage with private insurance companies or private insurers."
  • Where the Republican party stands on health care: "There's no consensus among Republicans as to what they think about health care...there are those who say, let's repeal Obamacare and go back to the old pre-Obamacare system, then there are people in the middle who I think don't like being hammered on their lack of a plan or solution for the uninsured or for the affordability of health insurance."

Axios co-founder and CEO Jim VandeHei hosted a View from the Top segment with CEO of OptumHealth Services at UnitedHealth Group Heather Cianfrocco and discussed making health care more accessible and affordable.

  • On lessons from the pandemic: "What we learned from the pandemic was that the things that already didn't work in the system were even more broken. But then we learned that as we come together with private-public partnerships, we can advance very quickly."

Closed captioning available below:

Thank you United Health Group for sponsoring this event.

Philanthropy Deep Dive

Illustration: Aïda Amer/Axios

A look at how philanthropy is evolving (and why Dolly Parton deserves a Medal of Freedom).

Updated 5 hours ago - Politics & Policy

Coronavirus dashboard

Illustration: Aïda Amer/Axios

  1. Politics: Fauci says he accepted Biden's offer to be chief medical adviser "on the spot" — The recovery needs rocket fuel.
  2. Economy: U.S. economy adds 245,000 jobs in November as recovery slows — America's hidden depression: K-shaped recovery threatens Biden administration.
  3. Education: Devos extends federal student loan relief to Jan. 31
  4. States: New Mexico to allow hospitals to ration coronavirus medical care
  5. Vaccine: What vaccine trials still need to do.
  6. World: UN warns "2021 is literally going to be catastrophic"
  7. 🎧 Podcast: Former FDA chief Rob Califf on the vaccine approval process.