Jefferson-Einstein antitrust hearing has IBC as major focus
“Excluding Jefferson is one option that would have been discussed,”
News of Independence’s reaction to Jefferson’s dramatic expansion since 2015 under chief executive
The hearing on the preliminary injunction is expected to last all week, but a decision won’t be immediate. An additional round of filings from both sides is due by
Under Klasko, Jefferson has expanded from three hospitals to 14. Einstein would add four more.
Meanwhile, Jefferson is angling to gain a foothold in the insurance market through the pending acquisition of
A second insurance-company executive was also among those who testified Monday as witnesses for the
During cross-examination by a lawyer for Jefferson, DeAngelis denied that Jefferson’s goal in acquiring Einstein was to increase its ability to get higher rates from commercial insurers such as Cigna and Independence, which accounts for a fifth of Jefferson’s current revenue.
“We don’t believe the market and people through insurance as they pay more and more through copays are able to afford significantly higher rates," DeAngelis testified. "It’s not part our mantra going forward that we want to be the most expensive provider. We want to be the most efficient provider in the region.”
However, while being questioned earlier in the afternoon by an
Part of that email said: “You have achieved significant scale and leverage in the market. We should be using it not to be unreasonable but to support the longer-term vision. Whether that ultimately means we are a must-have or not, we have significant leverage and need to use it as part of our financial improvement plan over the next few years.”
IBC declined to answer a reporter’s questions about the role-playing it engaged in on the possibility of building a network of caregivers without Jefferson. “We will not be providing comment at this time as this case is in active litigation,” spokesperson
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