New York lawmakers propose fund that would benefit from Centene/Fidelis deal

Lawmakers in New York state are proposing a fund that would derive most of its revenue from the taxing of the proceeds from converting nonprofit health plans to for-profit systems, such as Centene Corp.'s $3.75 billion acquisition of Fidelis Care. The proposed "health care shortfall fund" would help the state address federal healthcare cuts, Health Leaders Media reports. The fund would collect about $750 million annually for the next four years, likely including about $250 million in annual revenue…
Source: bizjournals.com Health Care:Biotechnology headlines - Category: Biotechnology Authors: Source Type: news