November 27, 2017

Around the nation: Calif. exchange spends 4 times more money on ACA ads than federal government

Daily Briefing

    California's health insurance exchange, Covered California, is spending $45 million in ads encouraging residents to sign up for Affordable Care Act health plans—more than four times what the federal government is spending on the federal exchange, in today's bite-sized hospital and health industry news from California, Michigan, and Texas.

    • California: Covered California, the state's insurance exchange, is spending $45 million in ads encouraging residents to sign up for Affordable Care Act health plans—more than four times what the federal government is spending on the federal exchange, which serves more than 30 states. According to the Los Angeles Times, the federal government has slashed funding for federal exchange from $100 million in 2016 to $10 million this year (Ibarra/Rodriguez, Los Angeles Times, 11/21).

    • Michigan: Ascension Crittenton Hospital has named Chris Palazzolo as president and CEO. Palazzolo previously served as president and CEO of Genesys Health System and Ascension Michigan's Northern and Mid-Michigan Ministries. He is succeeding Margaret Dimond, who is leaving Ascension Crittenton Hospital to become the president and CEO of McLaren Oakland (Vaidya, Becker's Hospital Review, 11/21).

    • Texas: Texas Medical Center, which aims to advance health education and research, has established a venture fund of $25 million to support startup health care companies in Houston. Eligible startups must have a tie to Houston and the Texas Medical Center, according to Healthcare Finance News. "We want this fund to give young companies the resources they need to grow the health care ecosystem in Houston and, ultimately, advance patient care," O. Holcombe Crosswell, the chair of Texas Medical Center, said (Monegain, Healthcare Finance News, 11/21).

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