View profile

THCB Reader - Issue #73

Revue
 
Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
 

THCB Reader

August 20 · Issue #73 · View online
Everything you always wanted to know about the health care system. But were afraid to ask.

Think a friend or colleague should be getting this newsletter? Share this link with them to sign up.
On today’s edition of the THCB Reader: Kim Bellard argues that every other world (including the gaming world) is years, if not generations, ahead of the health care industry; Ken Terry discusses insurers high-earnings during COVID-19 and asks what will happen as health care financing becomes more unstable; and Michael Turpin argues that insurance regulators are missing the boat approving large increases to ACA individual exchange insurers – particularly the non-profit Blues. On Episode 144 of Health in 2 Point 00, Jess asks me about Healthline acquiring PsychCentral, Bridge Connector raising $25.5M, Cecelia Health raising $13M, and more. On the WTF Health Show, Jess talks to Scott Shreeve, Crossover Health’s CEO, about what’s next in the primary market and the rise of the “Health Activist Employer”. Jess & I also sat down and chatted with Hemant Teneja (VC at General Catalyst) and Stephen Klasko (CEO at Jefferson Health System) about their new book “UnHealthcare: A Manifesto for Health Assurance” for THCB Book Club (Glen Tullman from Livongo also made a guest appearance!). Also, be sure to join us for #THCBGang Episode 22 LIVE TODAY from 1PM PT/4PM ET! Enjoy!– Matthew Holt

August 19, Kim Bellard
You might have missed it amongst all the headlines about the U.S.P.S., the 2020 elections, and, of course, that little thing we call the pandemic, but Fortnite got kicked off Apple’s App Store (and subsequently Google Play). Meanwhile, health care still works in your grandfather’s economy and uses your parents’ Internet. But health care hasn’t even gotten to the platform stage, much less platforms with open standards, interoperability, “healthy competition at every point,” and real time collaboration, eventually in 3D space. Kim makes the analogy between Apple/Google’s fight against the Metaverse, stifling open innovation and competition, health care’s eventual first real platform—and the fight for opening up the system. 

August 18, Ken Terry
In the strangest health care business story of 2020, the major health insurance companies are thriving despite—or because of—the pandemic. As the second quarter reports of United, Anthem, Cigna and other insurers reveal, their COVID-19-related costs were outweighed by the sharp drop in claims for other health care services. Where will all of this lead? Eventually, if health care financing becomes more unstable, the number of uninsured people rises, and there’s a stampede to the public plan, there will be an overwhelming demand for Medicare for All.

August 17, Michael Turpin
COVID-19 has resulted in some of the lowest loss ratios on record, and while insurers will squirrel away as much of the surfeit as they can, they are proposing large increases to their exchange premiums citing more risk. Michael argues that insurance regulators are completely missing the boat approving large increases to ACA individual exchange insurers – particularly non-profit Blues who are sitting on massive reserves of Risk Capital – when they could be forcing those same insurers to run down those reserves to more normal levels and drive down the cost for those in the exchanges as well as employers seeking more moderate increases. 
Livongo is working to #SilenceNoisyHealthcare. Visit livongo.com for more details.
Livongo is working to #SilenceNoisyHealthcare. Visit livongo.com for more details.
THCB Gang Episode 22 LIVE 8/20 From 1PM PT/4PM ET – The Health Care Blog
THCB’s Bookclub, August 2020 – UnHealthcare: A Manifesto for Health Assurance – The Health Care Blog
One Drop is reimagining chronic condition care. Learn more at getonedrop.com
One Drop is reimagining chronic condition care. Learn more at getonedrop.com
Health in 2 Point 00, Episode 144 | Magical Forests, PsychCentral’s History, & More Funding Rounds
Health in 2 Point 00, Episode 144 | Magical Forests, PsychCentral’s History, & More Funding Rounds
Crossover Health: The Amazon Deal, Primary Care & The Rise of the ‘Health Activist’ Employer
Crossover Health: The Amazon Deal, Primary Care & The Rise of the 'Health Activist' Employer
We hope you enjoyed the pieces and videos we had for you today. As always, if you have a piece you would like us to consider, please email zoya@thehealthcareblog.com and if you are looking to reach 20K of the smartest people in health care on this newsletter, or 80-100K each month on the site, please think of sending some of your marketing $$$ our way! Here’s our prospectus.

Best Wishes,
Did you enjoy this issue?
If you don't want these updates anymore, please unsubscribe here.
If you were forwarded this newsletter and you like it, you can subscribe here.
Powered by Revue
The Health Care Blog: 120 Humboldt Avenue, San Anselmo, CA 94960