The Gist Healthcare Podcast Wednesday, May 21, 2025
May 21, 2025
Significant cuts to Medicaid are being proposed by the House Budget Committee, alarming many in the healthcare sector. Pennsylvania's governor is advocating for stricter oversight of private equity deals after a hospital closure raised concerns. Meanwhile, Regeneron Pharmaceuticals makes headlines with its acquisition of 23andMe’s assets for $256 million. The discussion also touches on the broader implications of corporate actions and new legislative measures impacting local healthcare services.
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Medicaid Cuts and Work Requirements
- The House Budget Committee's bill proposes cutting $625 billion from Medicaid over 10 years.
- More than half of the cuts come from new work requirements and stricter eligibility guidelines.
Increase Private Equity Healthcare Oversight
- Pennsylvania lawmakers should pass bills increasing oversight of private equity health care deals.
- This includes greater scrutiny of hospital mergers and banning sale leaseback transactions by private equity firms.
Crozer Health Closure Impact
- Closure of Crozer Health hospitals led to layoffs of over 2,600 people in Delaware County, Pennsylvania.
- Governor Josh Shapiro criticized private equity's handling and urged safeguards for local hospitals.