Catholic Health Initiatives to divest health plan operations

Hospital system Catholic Health Initiatives’ experiment with health insurance has hit the end of the road after a couple years of heavy losses. CHI is “exploring options to sell” its health plan subsidiary.

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This is likely the beginning of a trend as providers find making money by maximizing utilization and inpatient stays only makes you loose more on your health plan when you are on both sides of the risk. It took Kaiser decades to get this worked out.