Wikipedia -WSS

Wikipedia

author：knowledge 2025-10-02 11:10:32 - browse：2

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： Novavax promises a turnaround & Lilly roils the obesity market
Next article： Argenx drug significantly slows progression of nerve disorder

WSS

Woman gored by Bison at Yellowstone

How to save health care price transparency rules

Congress: Eradicate hepatitis C and reduce the deficit

Elon Musk says Twitter has 'negative cash flow' and 'heavy debt'

How many hemophilia patients actually want gene therapy?

Acadia's Nuplazid fails as schizophrenia medicine in Phase 3 study

knowledge

Wikipedia

focus

The Supreme Court will review a ruling striking down a domestic violence federal gun ban

How many hemophilia patients actually want gene therapy?

Sports medicine is finally prioritizing gender equality

Acadia's Nuplazid fails as schizophrenia medicine in Phase 3 study

Guidelines to prevent youth baseball injuries need more muscle

Readout Newsletter: CAR

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

Georgia court denies Trump's request to quash DA's 2020 election probe

United colonoscopy coverage change 'may cost lives,' doctors say

How to save health care price transparency rules

hotspot

Readout Newsletter: Bristol, Sangamo, Gilead, and more

Ebola: Gilead Sciences antiviral shows promise as new treatment

Global childhood vaccinations edge closer to pre

Eli Lilly to acquire Versanis in heated race for weight loss drugs

First U.S. drug developed to treat liver disease MASH is approved

RaDonda Vaught links Vanderbilt hospital issues to patient death

hotspot

Wikipedia

hotspot

hotspot