Healthcare plans

The Pennsylvania healthcare system is touting plans to grow its network as it funds an expansion for its largest hospital, in York.

Republicans established the fund to ease pressure on rural providers facing Medicaid and ACA insurance cuts.

The House oversight subcommittee hearing was titled "Virtue Signaling vs. Vital Services."

Hunt Memorial Hospital District's distressed finances led to downgrades to Ba3 by Moody's Ratings and B-plus by S&P Global Ratings, with both giving it a negative outlook.

Medicaid cuts and tariffs are expected to pressure already struggling small rural and urban hospitals, including 18 in California that borrowed from the state.

The rating agency cited concerns about limited unrestricted reserves for lowering its rating outlook for more than $1 billion of debt.

The rating for Baylor Scott & White Health in Texas was upgraded, while Presbyterian Healthcare Services in New Mexico was downgraded by Moody's.

A federal court has given an outside debtor-in-possession loan "superpriority" over the bondholders' lien.

The ratings agency cited weaker than expected financial performance in fiscal 2024 and a slow anticipated recovery in coming years.

The San Diego County-based hospital system's financial woes were dire enough to earn junk ratings from Fitch Ratings, Moody's Ratings and S&P Global Ratings earlier this year. Fitch further downgraded the already junk ratings on Wednesday.