Managed care companies have transformed over the past decade. In 2008, the average managed care company generated about 58% of revenue from commercial or individual plans; today that number has fallen to 18%. Health care companies have increasingly diversified their revenue mix into government programs and also outside of the core health insurance business as they increasingly own physician groups and home health providers. Kevin Fischbeck joins us to discuss this structural change and how it is that patients, doctors and managed care all seem to be coming out ahead. Also, Kevin addresses the latest on labor supply and implications from the recently passed Inflation Reduction Act.

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