Business Insider is off tomorrow in commemoration of Juneteenth, so your next edition of Dispensed will arrive on Monday.
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First up today, Kimberly Leonard reports that Democrats in the House of Representatives are planning to vote on a bill that’s designed to strengthen the Affordable Care Act.
The bill almost certainly won’t become law. It’s unlikely that the Republican-controlled Senate will take it up. Instead, Kimberly reports, the goal is to highlight the differences between Democrats in favor of the bill and the Republicans who oppose it going into the 2020 elections.
Included in the bill so far: more subsidies for private insurance, more money to get the word out about the ACA, limiting short-term insurance plans, and considering extending the amount of time mothers are eligible for Medicaid after giving birth.
Not included: Anything about a public option, or lowering the age for Medicare eligibility from 65 to 60.
Democrats are preparing a bill to bolster Obamacare and repeat their winning 2018 strategy as Biden takes on Trump. Insiders revealed four key elements of the bill.
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The CEO of one of the world’s largest generic drugmakers tells us why he’s making a $50 million bet on CBD
- Perrigo is paying $50 million for a 20% stake in Kazmira, a Colorado-based CBD manufacturer.
- To evaluate CBD deals, Perrigo CEO Murray Kessler told Business Insider that the generic drugmaker set up a small team to evaluate the claims CBD companies made about their products and technology.
- Kessler said CBD could be a $20 billion opportunity, and that those opportunities don’t come along often.
‘Unbelievably reckless’: Hundreds of Oklahoma nurses and doctors plead to cancel Trump’s Tulsa rally over concerns it will be a coronavirus superspreader event
- Hundreds of Oklahoma healthcare professionals have signed a letter urging the mayor of Tulsa to cancel President Donald Trump’s massive indoor campaign rally on Saturday.
- “Allowing our city to be one of the first places in the world to host an indoor gathering of this magnitude is not a political matter, it is a public health matter,”the letter reads. “It is unthinkable that this is seen as a logical choice.”
- The letter’s author, Dr. Jabraan Pasha, told Business Insider that the indoor rally is “unbelievably reckless” and insisted it will be a superspreader event.
- Dr. Monica Saenz, an intensive care doctor at Tulsa’s St. John Medical Center, wrote in a comment that “we simply don’t have the capacity to handle the number of people who will be infected because of this weekend’s activities.”
More stories we’re reading:
- Morgan Stanley researchers who studied the 1918 Spanish flu share a warning that US coronavirus cases could double as a second wave slams the US in the fall (Business Insider)
- “Fast-tracking” a coronavirus vaccine sounds like a great idea. But how we do that could get contentious.(ProPublica)
- We got an exclusive look at the deck that startup Included Health is using to pitch VCs and employers on a new approach to LGBTQ healthcare (Business Insider)
- A top VC at Maverick Ventures shares the one question he uses to figure out which startups to bet on in one of the hottest, but most crowded, parts of healthcare (Business Insider)
- Two Midwest hospital systems are talking about a merger, which would create a 34-hospital giant that generates $17.5 billion in revenue (Axios)
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