entertainment -WSS

entertainment

author：entertainment 2025-10-02 01:07:53 - browse：7

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： The cancer drug shortage isn’t new — and neither are the solutions
Next article： FTC loses bid to block Novant's North Carolina hospital merger

focus

hotspot

WSS

FDA approves Moderna’s RSV vaccine, its second licensed product

BD to buy Edwards patient monitoring unit for $4.2 billion

Readout LOUD podcast, live from the STAT Breakthrough Summit East

The most pressing bird flu mysteries scientists want answered

The most pressing bird flu mysteries scientists want answered

Chinese researcher claims birth of first gene

focus

entertainment

Wikipedia

Virginia high school admissions case could be legal follow

Yancopoulos of Regeneron works to expand Dupixent success

State Dept. review finds Biden bears some blame for Afghanistan failures

Structure Therapeutics oral GLP

Trump demands the U.S. pay no more for drugs than other countries … again

Take antibiotics after sex, CDC recommends for certain risk groups

Medical records are filled with copy

Data don't support strong claims for Covid

After affirmative action ruling, medical educators look to 'holistic review'

FTC loses bid to block Novant's North Carolina hospital merger

entertainment

Senators tussle over abortion against the backdrop of a presidential campaign

Chinese researcher claims birth of first gene

Stopping antidepressants leads to symptoms for 1 in 6 patients

Finland to offer bird flu vaccine to select groups of people, a possible global first

Senators tussle over abortion against the backdrop of a presidential campaign

6 surprising facts about sugar

focus

entertainment

hotspot

knowledge