• Home
  • Latest
  • Fortune 500
  • Finance
  • Tech
  • Leadership
  • Lifestyle
  • Rankings
  • Multimedia

Trendingnow

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole

1

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983

2

CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea

3

Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
HealthBrainstorm Health

Brainstorm Health Daily: August 1, 2017

By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
By
Clifton Leaf
Clifton Leaf
and
Sy Mukherjee
Sy Mukherjee
Down Arrow Button Icon
August 1, 2017, 1:08 PM ET
Add Fortune on Google for similar content.

Good morning, Dailies. Welcome to August.

As the U.S. Senate engaged in frenzied gavel-to-gavel combat, trying to vanquish the Affordable Care Act, a quieter effort was underway on the other end of the Capitol building. Forty-three members of the House of Representatives, split almost evenly between Republicans and Democrats, spent much of July doing something downright radical: working together to try to fix Obamacare rather than destroy it. What’s more, over tacos and beer and plenty of tough but respectful conversation, they arrived at a real plan, which they announced yesterday.

The most immediate aim of the group, which calls itself “the Problem Solvers caucus,” was to stabilize the shaky individual health insurance marketplace, said Congressman Tom Reed, a Republican from upstate New York, who co-led the effort with Congressman Josh Gottheimer, a freshman Democrat from New Jersey. The caucus plan would, first off, continue the ACA’s cost-sharing payments to insurers in order to offset the cost of covering sicker patients in the exchange plans—and avoid the market-rupturing disruption that would almost certainly be caused by their sudden removal, said Reed on a conference call yesterday afternoon. (Such a rupture, of course, is precisely what President Trump has gleefully tweetened—my portmanteau for a threat delivered in 140 characters or less—in recent days, as he slammed those payments as mere “bailouts” to the insurance companies.)

The plan also pushes some legislative liberalization. “We’ve committed to the state stability funds a significant sum of money that would allow states to innovate and put together programs to try to stabilize their own marketplaces, be it through reinsurance, high-risk pools, etcetera,” said Reed. And the group has, importantly, proposed a change to the ACA’s employer mandate. In the current law, “if you have 50 employees, as you all know, you’re mandated to have health insurance. We raised that threshold to 500 employees,” Reed said. (The group backs a tweak to the rule that defines the number of hours a person needs to work in order to be guaranteed coverage as a “full-time” employee, from the current 30 hours per week to 40.)

In addition, the bipartisan caucus is supporting the elimination of an Obamacare tax on medical devices (a change Republicans have sought), encourages the cross-state sale of insurance (a provision that is already part of the ACA), and puts in place some Medicare reimbursement policies (that Democrats have wanted), particularly those that reward quality healthcare as opposed to the quantity of procedures performed.

“That’s what brought 43 members together as a block of the Problem Solvers Caucus,” said Reed, who noted that each of these provisions managed to reach consensus among at least 75% of the group—the threshold necessary to be included in the collective proposal. “We are now ready to govern and organized to get to ‘Yes,’” he said.

The Problem Solvers have been buttressed along the way by another cabal of unabashed cooperators, a nonprofit organization called No Labels, cofounded by veteran politicos Nancy Jacobson and Bill Galston, along with a dozen others. In an age when government has become so bitterly polarized, groups like No Labels (featured in Fortune last year) and the Problem Solvers are practically antiestablishment.

And more essential than ever. “When you’re in the middle and getting beaten up by both sides, it’s good to know there are people who have got your back,” said first-termer Gottheimer. “I just want to praise all my colleagues who put a lot of political capital on the line and who are going to get beaten up by people because of it. I tell you, my phone has been ringing off the hook today by as many people who want to complain about different aspects of this as by people who say, ‘Good job.’”

Indeed, that’s what makes the Problem Solvers’ proposal worth celebrating, said No Labels cofounder Galston on the same call. “It’s worth backing away from the details [of the proposal] and just making a large, obvious point: It has been a very long time since a group of Democrats and Republicans, who have to answer to their respective electorates, have been able to sit down and reason together and come to a consensus on significant issues regarding healthcare. So we can argue about particular details, but I think the significance of the overall moment is beyond question.”

Clifton Leaf, Editor in Chief, FORTUNE
@CliftonLeaf
clifton.leaf@fortune.com

DIGITAL HEALTH

Theranos reaches confidential settlement with Walgreens. Ending a multi-year legal scuffle that at times grew ugly, Theranos announced Tuesday that it has reached a confidential settlement agreement with Walgreens, its former partner which eventually stopped selling Theranos blood tests. "The agreement will result in the dismissal of Walgreens’ lawsuit against Theranos, with no finding or implication of liability," the company said in a statement.

Robots are on the rise in health care. IDC Health Insights is out with a new analysis finding that an increasing number of medical providers will use robots for purposes such as food services and automating other processes over next one to three years. In fact, 31.3% of those surveyed by IDC say they already use robots in one form or another. But one technology that hasn't quite broken into the mainstream? The use of drones for health care purposes—for instance, potentially delivering automated external defibrillators to the site of a heart attack patient. (MobiHealthNews)

INDICATIONS

Playwright and actor Sam Shepard dies after battle with ALS. We're a long way from a cure. Sam Shepard of The Right Stuff and Black Hawk Down died last week after a previously undisclosed battle with ALS, or Lou Gehrig's disease. The degenerative condition has no cure and only two treatments on the U.S. market—including one that was approved just earlier this year. But a cure is still a long ways off, and for many, an ALS diagnosis spells a death sentence—often, patients die within five years as they lose the ability to control their muscles, eat, and breathe. (Fortune)

Pfizer's Prevnar sales slump, leading to revenue miss. Pfizer posted second quarter 2017 financials that missed analyst expectations on revenue, a decline driven by falling demand for its blockbuster pneumonia vaccine Prevnar. Sales of that flagship treatment fell 8.2% while sales of generics and biosimilars fell 13.5%. Analysts from Berenberg noted that the trend indicates the company's "growth drivers are still insufficient to drive meaningful sales growth against the backdrop of generic erosion." Analysts have been pushing for Pfizer to make some sort of major deal to shore up its pipeline in the face of multiple major patent expirations, including impending patent cliffs for Viagra and Lyrica. (Reuters)

THE BIG PICTURE

White House opioid commission urges state of emergency on crisis. A highly-anticipated interim report from a White House opioid commission urges President Trump to follow several states' lead and declare a state of emergency over the opioid epidemic on a federal level. "With approximately 142 Americans dying every day, America is enduring a death toll equal to September 11th every three weeks," wrote the report authors (which include addiction experts and governors from states grappling with the crisis), who also recommend parity on mental health treatment and crackdowns on particularly dangerous opioids like fentanyl. (Fortune)

Congress could be getting ready to buck Trump on Obamacare's insurer subsidies. A number of prominent GOP Senators, including Sen. Bill Cassidy, are sounding a defiant note on President Trump's proposal to end Obamacare payments to insurance companies—payments that help reduce the deductibles and out-of-pocket costs paid by low-income Americans who purchase a mid-level "Silver" plan in Obamacare's markets. Without these payments, insurers would likely exit the marketplaces or have to substantially hike premiums. And according to Cassidy, these payments should be made because cutting them off would likely harm consumers.

The fight to end suicide. The Guardian is out with a fascinating look at an ambitious campaign to eradicate suicide. Aptly dubbed "Zero Suicide," the planned initiative (still at its earliest and informal stages) emphasizes prevention over reactive mental health treatment, with interventions focused on at-risk individuals the moment they show signs of possibly lapsing into suicidal ideation. The entire piece is worth a read. (The Guardian)

REQUIRED READING

Diabetes' Impact Is Rising Fastest Among Millennials, by Laura Entis

Plants Are Invading the Meat Aisle at Kroger, by Beth Kowitt

Bitcoin Split Causes Legal Backlash for Coinbase, by Jeff John Roberts

Apple Is Looking for More Tax Breaks in India, by Reuters

Produced by Sy Mukherjee
@the_sy_guy
sayak.mukherjee@fortune.com

Find past coverage. Sign up for other Fortune newsletters.
About the Authors
By Clifton Leaf
See full bioRight Arrow Button Icon
By Sy Mukherjee
See full bioRight Arrow Button Icon
Add Fortune on Google for similar content.

Latest in Health

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025

Most Popular

Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Finance
Lorem ipsum dolor sit amet, consectetur adipiscing elit, sed do eiusmod tempor incididunt ut labore et dolore magna aliqua. Ut enim ad minim veniam
By Fortune Editors
October 20, 2025
Fortune Secondary Logo
Rankings
  • 100 Best Companies
  • Fortune 500
  • Global 500
  • Fortune 500 Europe
  • Most Powerful Women
  • World's Most Admired Companies
  • See All Rankings
  • Lists Calendar
Sections
  • Finance
  • Fortune Crypto
  • Features
  • Leadership
  • Health
  • Commentary
  • Success
  • Retail
  • Mpw
  • Tech
  • Lifestyle
  • CEO Initiative
  • Asia
  • Politics
  • Conferences
  • Europe
  • Newsletters
  • Personal Finance
  • Environment
  • Magazine
  • Education
Customer Support
  • Frequently Asked Questions
  • Customer Service Portal
  • Privacy Policy
  • Terms Of Use
  • Single Issues For Purchase
  • International Print
Commercial Services
  • Advertising
  • Fortune Brand Studio
  • Fortune Analytics
  • Fortune Conferences
  • Business Development
  • Group Subscriptions
About Us
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • About Us
  • Press Center
  • Work At Fortune
  • Terms And Conditions
  • Site Map
  • Facebook icon
  • Twitter icon
  • LinkedIn icon
  • Instagram icon
  • Pinterest icon

Latest in Health

mitch
North AmericaCongress
Mitch McConnell, 84, hospitalized with no details released; term ends in January
By The Associated PressJune 15, 2026
6 hours ago
target
HealthRecalls
FDA recalls Nara Organics baby formula after infant botulism cases in 3 states
By The Associated PressJune 15, 2026
7 hours ago
‘There simply isn’t enough product for the U.S. customer’: GLP-1 craze eats whey too much protein
RetailFood and drink
‘There simply isn’t enough product for the U.S. customer’: GLP-1 craze eats whey too much protein
By Dee-Ann Durbin and The Associated PressJune 14, 2026
1 day ago
Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds
HealthHealth
Middle-aged adults taking GLP-1s for obesity can save over $192K on lifetime medical costs, higher if they don’t have college degrees, new study finds
By Mia OsmonbekovJune 14, 2026
1 day ago
U.S.’s screwworm fix is still a year away, risking more spread
North AmericaAgriculture
U.S.’s screwworm fix is still a year away, risking more spread
By Ilena Peng and BloombergJune 13, 2026
2 days ago
Meet the lone star tick: the primary U.S. source of alpha-gal syndrome, which is a life-threatening meat allergy that’s on the rise
HealthHealth
Meet the lone star tick: the primary U.S. source of alpha-gal syndrome, which is a life-threatening meat allergy that’s on the rise
By Matthew Perrone and The Associated PressJune 13, 2026
2 days ago

Most Popular

Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
Personal Finance
Social Security's 2032 deadline puts a 22% cut on the table — but Washington has way less room to negotiate than 1983
By John W. Diamond and The ConversationJune 12, 2026
3 days ago
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
Success
CEO of $20 billion AI firm Perplexity says the secret to success is ‘sleeping with that fear’ that your competitor will steal your idea
By Preston ForeJune 13, 2026
2 days ago
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
Energy
Iran proved it can close the Strait of Hormuz, but the U.S. is advertising very loudly that the world's top superpower can at least punch open a hole
By Jason MaJune 14, 2026
1 day ago
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
Economy
Boomers actually do hold most of the wealth and power. So why do they call it 'whiny' to point that out?
By Nick LichtenbergJune 14, 2026
1 day ago
SpaceX surge further boosts Saudi billionaire prince’s fortune
Investing
SpaceX surge further boosts Saudi billionaire prince’s fortune
By Adveith Nair and BloombergJune 14, 2026
1 day ago
AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits
AI
AI job disruption is here. The problem may be compounded because nearly 75% of people don't apply for unemployment benefits
By Jacqueline MunisJune 14, 2026
1 day ago

© 2026 Fortune Media IP Limited. All Rights Reserved. Use of this site constitutes acceptance of our Terms of Use and Privacy Policy | CA Notice at Collection and Privacy Notice | Do Not Sell/Share My Personal Information
FORTUNE is a trademark of Fortune Media IP Limited, registered in the U.S. and other countries. FORTUNE may receive compensation for some links to products and services on this website. Offers may be subject to change without notice.