Wikipedia -WSS

Wikipedia

author：fashion 2025-09-29 20:53:04 - browse：4

Private Medicare just isn’t the gold mine it once was. Case in point: Cano Health, a company once valued at $4.4 billion, is now bankrupt.

The prospect of bankruptcy had stalked the Miami-based primary care provider for well over a year before its Chapter 11 filing on Sunday. A number of things had gone wrong. First, there was Cano’s rapid growth ahead of its 2021 initial public offering that gave way to a mountain of debt, currently sitting at $1.3 billion. Then there was public beef between its former directors and then-CEO.

Most importantly, the company’s main business, Medicare Advantage, became less profitable. As evidence accumulated that the private insurers running MA plans game the system by exaggerating their members’ illnesses, the Biden administration vowed to fix the problem. This year, Medicare is phasing in a new payment model designed to reduce overpayment.

Get unlimited access to award-winning journalism and exclusive events.

Subscribe Log In

Previous article： Medical records are filled with copy
Next article： A Q&A with the global head of Boehringer Ingelheim's innovation unit

explore

WSS

Hospitals consider fixing cancer drug shortages on their own

Will the IRA bring competition to the biologics market?

Food makers to regulators: Ultra

Long Covid needs a new name — and a new frame

New Covid vaccine is recommended for everyone 6 months or older

Phenylephrine and the overlooked value of the placebo effect

focus

Wikipedia

leisure time

The cancer drug shortage isn’t new — and neither are the solutions

Liquid biopsy for lung cancer is launched by Delfi

George Santos makes 1st court appearance after pleading not guilty to 13 counts

Was Amgen transparent enough on FDA's concern on cancer drug?

Activists slam private health insurers over coverage restrictions

A Q&A with the global head of Boehringer Ingelheim's innovation unit

The high cost of giving birth even with insurance

FDA panel endorses Alnylam’s heart drug — after picking it apart

The high cost of giving birth even with insurance

What to make of Biden’s latest efforts on cancer research

explore

Hospitals consider fixing cancer drug shortages on their own

Nick Leschly quits Bluebird Bio spinout amid restructuring, layoffs

Walmart eyes Medicare Advantage provider ChenMed

How housing is health care on Long Island

Generate Biomedicines machine learning biotech raises $273M

VC firm General Catalyst wants to buy a health system

knowledge

focus

explore

leisure time