Keckley Report January 9, 2023
Blistering attacks on hospitals were a staple in media coverage in 2022. Comparatively, health insurers escaped unscathed.
There was isolated coverage about the insurtech financial challenges (i.e., Oscar, Bright Health, Clover) and occasional reporting when hospitals failed to reach agreement on a payer contract (i.e. Le Bonheur Memphis and Blue Cross TN last week). Otherwise, news about insurer M&A activity was a steady stream for financial journalists.
Flying under radar was mounting tension between hospitals and insurers. It has its roots in deeply-rooted beliefs about the health system and the roles each should play:
· Hospitals believe delivering necessary health services to communities is their role. Patients delegate clinical decisions to the nurses, doctors and caregivers that hospitals provide.
·...