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☆ Amazon, CVS, and Walgreens went all in on primary care. Their bets are bleeding money.
▼ + stars: | 2024-03-06 | by ( ) www.businessinsider.com time to read: +8 min

In the past several years, Amazon, CVS Health, and Walgreens each spent billions to own primary-care companies. CVS bought Oak Street Health. Here's how the bets that Amazon, CVS, and Walgreens made are playing out. CVS is building more Oak Street clinics despite lossesAn Oak Street Health location in Elgin, Illinois during its grand opening. CVS is hoping to help Oak Street clinics get profitable quicker by driving more patients their way.

Persons: Andy Jassy, Thos Robinson, It's, JP Morgan, Berkshire Hathaway, Business Insider's Eugene Kim, Kim, they've, it's, VillageMD hasn't, Jefferies, Brian Tanquilut, Tanquilut, Lydia Ramsey, Mike Pykosz, Pykosz, Aetna, Michael Cherny Organizations: CVS Health, Walgreens, Amazon, CVS, Oak Street Health, Business, Aetna, Medical, Washington Post, Summit Health, Oak, Health Locations: Oak, VillageMD, Haven, Florida, Elgin , Illinois

For new couples, moving too fast or too slow when it comes to getting physical can be a big worry. Many people wonder when the best time is to start being sexually intimate in a relationship. Which got us wondering: When is the best time to start being sexually intimate in a relationship, according to science? The answer is complicated, spanning anywhere from a few dates to a few months after you start to spend time together. Bettmann/Corbis/Getty Images Option 3: Wait until marriageSome people's religious beliefs dictate that they wait to have sex until after they get married.

Persons: —, hasn't, couples.FN, that's, Rachel Wright, Wright, Toni Coleman, Tiffany Bryant, Barton Goldsmith, Coleman, Talia Goldstein, you've, Goldsmith, Arthur Miller, Marilyn Monroe, There's Organizations: Service, FG, Cornell, University of Wisconsin Locations: South Salem , NY

☆ One of America's biggest health insurers just issued a warning that healthcare costs are about to soar
▼ + stars: | 2023-06-14 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +2 min

An insurance exec warned of higher medical costs as Americans start to get more elective procedures. It suggests people are getting care they put off during the height of the pandemic. Older Americans are starting to get more procedures like hip and knee surgeries, and it's driving up how much one of the biggest US health insurers is spending on medical care. The "strong" level of care older Americans are seeking out suggests that people are getting more comfortable getting procedures they put off during the pandemic, the UnitedHealth Group executive said. The stocks of health insurance companies tumbled on Wednesday following the warning.

Persons: John Rex, Goldman, Jodi Jacobson, Stryker, Medtronic Organizations: UnitedHealth, UnitedHealth Group, CVS Health, Tenet Locations: Goldman Sachs, Aetna

☆ Uber is going toe-to-toe with Instacart in a bet that delivering groceries can cut healthcare costs by billions
▼ + stars: | 2023-06-14 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +4 min

Uber is adding groceries and over-the-counter medical items to its Uber Health services. Uber on Tuesday said that it plans to work with health plans and providers to prescribe food as medicine. Instacart in March launched digital tools to allow doctors to prescribe food the way they might prescribe a medication. Caitlin Donovan, global head of Uber Health Uber HealthHealthier eating members could have major financial implications for insurers. "When you combine demand for healthcare services with the core competencies of Uber with the ability to do good, I think that's a very powerful confirmation that speaks to why Uber Health is part of Uber," Donovan said.

Persons: Uber, Andreessen Horowitz, Caitlin Donovan, Donovan, It's, Dara Khosrowshahi, Leigh Vogel, Uber's Organizations: Uber Health, Instacart, Kroger, Health, Getty, Uber

☆ 3 lessons from Steve Jobs' Stanford commencement speech 18 years ago that still resonate today
▼ + stars: | 2023-06-12 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +5 min

It's been 18 years since Jobs delivered the speech, and the lessons he shared continue to resonate. Eighteen years later, the 15-minute speech continues to resonate, offering useful advice on life and work for people of all ages. "I decided to drop out and trust that it would all work out OK," Jobs said in the speech. 'Find what you love'The second story Jobs told recounted the time he was fired from Apple. "Your time is limited, so don't waste it living someone else's life," Jobs said, adding, "Don't let the noise of others' opinions drown out your own inner voice.

Persons: Steve Jobs, Jobs, he'd, Steve Wozniak, Apple, I'm, You've Organizations: Stanford University, Apple

☆ 4 terms Apple used when launching the Vision Pro, and 3 it completely left out
▼ + stars: | 2023-06-11 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +1 min

Instead, Apple used words like "machine learning" and "spatial computing" to describe Vision Pro. Here are four terms Apple used while launching Vision Pro, and three it actively didn't. Apple blew reviewers and analysts away last Monday when it dropped the Vision Pro. The Apple Vision Pro, which is expected to be released in 2024, comes with a $3,499 price tag — much higher than competing devices like Meta's $499 Quest 3. Here are some of the key terms Apple did use in the presentation to launch Vision Pro, and some it seemingly steered clear of:

Persons: Apple, Axios, Ina Fried Organizations: Vision, Apple, Morning, Apple Vision

☆ The US military is so worried about generic pills that it reportedly wants to do its own testing to make sure they're safe
▼ + stars: | 2023-06-09 | by ( Lydia Ramsey Pflanzer | Zachary Tracer | ) www.businessinsider.com time to read: +4 min

The US military is planning to independently test the quality of generic drugs, Bloomberg reported. The quality of the US drug supply has come into question amid recalls of medications like metformin. The US military is reportedly planning to take extra steps to test the quality of the generic drugs it buys for servicemembers and their families. Bloomberg reported in May that the White House has assembled a team to tackle shortages and quality issues with generic medications. "I have family who take generic drugs, I take generic drugs," he said, adding, "I don't get concerned and I don't tell them to be concerned."

Persons: Anna Edney, Riley Griffin, Valisure, David Light, Jeremy Kahn, Mike Ganio, ASHP Organizations: Bloomberg, FDA, Morning, servicemembers, Department of Defense, White, DOD, Food and Drug Administration, American Society of Health, System

☆ CVS and NEA just sank $166 million into a startup building a new care model for kidney disease. Here's the pitch deck that convinced CapitalG to back Strive Health's Series B.
▼ + stars: | 2023-06-07 | by ( Lydia Ramsey Pflanzer | Megan Hernbroth | Rebecca Torrence | ) www.businessinsider.com time to read: +3 min

Strive Health just raised $166 million in May from investors like NEA and CVS Health Ventures. See the presentation that got Strive Health a $140 million Series B in March 2021. In May, Strive Health announced it raised $166 million in Series C funding led by healthcare venture firm NEA. The round included CVS Health Ventures, CapitalG, Echo Health Ventures, Town Hall Ventures, Ascension Ventures, and Redpoint. The Series C is Strive Health's latest raise since its $140 million Series B in March 2021.

Persons: Chris Riopelle, Riopelle Organizations: NEA, CVS Health Ventures, Health, Echo Health Ventures, Hall Ventures, Ascension Ventures, CapitalG, Google

☆ Americans are struggling to afford Ozempic, even with insurance
▼ + stars: | 2023-06-05 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +3 min

Americans are struggling to afford the buzzy weight-loss drug Ozempic. Americans are struggling to afford the buzzy weight-loss drug Ozempic, even with insurance coverage, a new study shows. Especially after a 2022 study found that people who stopped taking Ozempic regained two-thirds of their weight within a year. And Medicare, the federal program that covers healthcare for people 65 and older, is prohibited by law from covering any weight-loss medications. Meanwhile, other Americans will continue to go to Canada, Mexico, and unregulated online pharmacies to get the weight-loss medications for cheap.

Persons: Ozempic, Utibe Essien, Essien Organizations: UCLA, Employers Locations: Canada, Mexico

☆ How Elizabeth Holmes convinced powerful men like Henry Kissinger, James Mattis, and George Shultz to sit on the board of Theranos
▼ + stars: | 2023-06-02 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +6 min

The reporters spoke with board members, who explained why they backed founder Elizabeth Holmes. Holmes' board going into the scandal included an unusual roster of names for a healthcare startup, with leaders who had more experience in politics and government than healthcare. For the most part, the board members seemed to be taken by Holmes and her vision. "Secretary Mattis was struck by the promise of technology and was looking for any technology solution to save lives on the battlefield," White said. Auletta in the documentary said the board members spoke about Holmes as if she were a visionary.

Persons: Theranos, Alex Gibney, Elizabeth Holmes, Holmes, John Carreyrou, Sunny Balwani, Balwani, George Shultz, Shultz, Gary Roughead, William Perry, Sam Nunn, James Mattis, Donald Trump's, Richard Kovacevich, Wells Fargo Henry Kissinger, William Frist, William H, Foege, Riley, Bechtel, Kissinger, Mattis, Ken Auletta, David Boies, Auletta, Axios, Dana White, White, Beethoven, Roger Parloff, he's, Parloff Organizations: Morning, Food and Drug Administration, Wall Street, US, US Marine Corps, Centers for Disease Control, Bechtel Group Inc, New, Mattis, Theranos, Securities and Exchange Commission, Fortune Locations: Texas, California, Silicon Valley

☆ How Do You Get a High-Style House for $600,000? Build It Yourself.
▼ + stars: | 2023-05-16 | by ( Tim Mckeough | ) www.nytimes.com time to read: +2 min

They initially thought of the half-acre lot in Indianola as a place for a weekend house. But in 2018, a new ferry started making the trip from nearby Kingston to downtown Seattle in 39 minutes. Faced with the opportunity to design almost anything, Mr. Gentry felt daunted. One side of the house has a large living space that includes the kitchen, dining area and a living room with a cast-concrete fireplace and a built-in daybed in a niche with a skylight. The couple considered building a music room for Ms. Ramsey, but decided to invite her songs into the heart of the home by keeping her piano and guitars in the living room.

☆ Bright Health set out to disrupt health insurance. Now it's exploring a sale of its remaining insurance business.
▼ + stars: | 2023-04-28 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +3 min

Health insurance upstart Bright Health is exploring a sale of its remaining insurance business. Bright Health once had big plans to disrupt the way Americans get their health insurance. Now, it's exploring a sale of its California Medicare Advantage business — its only foot left in the health insurance world. It's happening at a time when it's also winding down its business providing health insurance to people on the Affordable Care Act (ACA) exchanges. Other insurers, including Clover Health and Oscar Health, have shifted from growing fast to focusing on turning a profit by any means necessary.

☆ Medicare is prohibited from covering weight-loss drugs — Ozempic could change that
▼ + stars: | 2023-04-25 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +5 min

Medicare is prohibited from covering new weight-loss medications. Medicare, the federal program that covers healthcare for people 65 and older, is prohibited by law from covering any weight-loss medications. That includes looking at programs that test out Medicare coverage and proposed limits to coverage, The Journal reports. The future of the $100 billion weight-loss drugs marketExpanding Medicare coverage to new weight-loss medications could drastically change how Americans access the drugs. Meanwhile, other Americans will continue to go to Canada, Mexico, and unregulated online pharmacies to get the weight-loss medications for cheap.

☆ Amazon has been trying to break into healthcare for years. Here's a look at everything it's done.
▼ + stars: | 2023-01-30 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +2 min

It's focused on providing primary care and dispensing prescriptions through Amazon Pharmacy. It hasn't been smooth sailing, and the tech giant has shut down some projects. It hasn't been smooth sailing for every healthcare project. In August, it shut down Amazon Care, a big homegrown primary-care bet. Analysts think in 2023 Amazon will continue to build on its healthcare business through more acquisitions.

☆ Meet the 33 healthcare startups that investors say will take off in 2023
▼ + stars: | 2022-12-22 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: 1 min

The year 2022 was a reckoning for healthcare startups. We asked the investors to name companies from their firms' portfolios, as well as ones they haven't invested in. Some investors picked companies on the brink of going public like Included Health, while others picked young startups like Summer Health and Ara ris Biotech with less than two dozen employees. The dealmakers made other predictions too, like that 2023 will be defined by new ways to use artificial intelligence, and a surge of new health insurance startups. Top investors and bankers shared other predictions with Insider:Subscribe to Insider to read the full list of startups to watch:

☆ See the 30 leaders under 40 who are transforming the healthcare industry in 2022
▼ + stars: | 2022-09-13 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +1 min

A generation of leaders is creating a new future for the healthcare industry. They include business leaders, scientists, doctors, and entrepreneurs who are transforming the healthcare industry as we know it. For their work, Insider named an impressive group of young leaders to our 2022 list of the 30 people under 40 who are transforming healthcare. The 30 people were selected from hundreds of nominations, based on their potential to improve healthcare. Dr. Neil Wagle, a top exec at the $12.7 billion insurance startup Devoted Health, shares the key ingredients for transforming American healthcare and what's standing in the way of faster progress.

☆ See the presentations that hot healthcare startups used to raise millions from top VCs
▼ + stars: | 2022-09-08 | by ( Lydia Ramsey Pflanzer | ) www.businessinsider.com time to read: +8 min

Here are the presentations obtained by Insider that healthcare startups have used to raise millions. Even so, healthcare startups raised $15.8 billion in the first half of the year, according to Silicon Valley Bank. Insider rounded up all the presentations we've published that healthcare startups have used to raise cash from investors. For instance, check out the 13-slide presentation heart-health startup Miga Health used to raise $12 million in seed funding. Brightside used this presentation to break through a crowded field of mental health startups and convince VCs to invest $24 million.

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