Record healthcare bankruptcies in 2023 due to various factors

Financial Times

A record number of large healthcare companies filed for bankruptcy in the US last year, with 18 companies seeking Chapter 11 protection, a fivefold increase from 2022. These companies had $7bn in assets against $8.3bn in liabilities. Factors such as rising costs, falling patient numbers, tougher regulation, and the "No Surprises Act" have contributed to the industry's struggles. Additionally, 8-25 million people could lose Medicaid coverage by May 2024.


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