News Headlines Article

Providers Feel Pressure to Launch Payer Initiatives
HealthLeaders Media

Healthcare providers are clearly interested in offering their own insurance coverage products for patients, but adoption is more like a steady flow than a flood.

In January, St. Louis-based Ascension Health became the latest large health system to embrace the health plan business, with a $50 million bid to acquire a Michigan-based insurance carrier. Officials at Ascension and US Health and Life Insurance Company declined to comment, but Herb Kuhn, president and CEO of the Missouri Hospital Association, says the proposed acquisition deal is a sign of the times.