Catholic Health Initiatives Pulls Out of Insurance Business

By: Guest Author | Posted on: Jan 09, 2017

This article was originally published on fiercehealthcare.com, by Ilene MacDonaldView the original article by clicking here

Obamacare, Healthcare, Medical Insurance, health insurance, medical costs, medical coverage, what's next for healthcare, obamacare repeal, hospital administration, healthcare reinbustment CHI Catholic Health Initiatives What's next for healthcare in 2017 Trumps HealthCare

As more hospitals across the country consider launching their own health insurance plans, one big hospital operator is pulling out of the business.

Catholic Health Initiatives (CHI), a large nonprofit health system based in Colorado, no longer plans to develop a “wholly owned and nationally driven” insurance business, according to The Wall Street Journal. Instead, it’s going to sell portions of the health insurance business.

The provider, which operates 103 hospitals in 18 states, lost nearly $110 million during the last fiscal year, according to the article.

 


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