Health care costs

Lamar Alexander's health care legacy

Sen. Lamar Alexander at Meet the press
Sen. Lamar Alexander. Photo: William B. Plowman/NBC/NBC NewsWire via Getty Images.

Sen. Lamar Alexander — chairman of the Senate Health, Education, Labor and Pensions Committee — announced his retirement yesterday morning, and so is officially in legacy-making mode.

The backdrop: Earlier this month, he said that a priority for next Congress would be addressing health care costs, a point he reiterated at an Axios event last week. This includes getting rid of wasteful spending, making prices more transparent and addressing surprise medical bills.

Acadia Healthcare fires CEO Joey Jacobs

Behavioral health provider Acadia Healthcare has fired CEO and board chairman Joey Jacobs and replaced him with Debbie Osteen, who works at competitor Universal Health Services. Acadia and Reeve Waud, a private equity executive who is now Acadia's board chairman, declined to comment beyond the press release.

Background: Three weeks ago, we covered how Acadia's business, under the watch of Jacobs and Waud, has been filled with red flags. Over the past few years, Acadia saddled itself with huge amounts of debt, and top executive insiders sold off stock in droves.

More stories loading.