Four nonprofit healthcare organizations were the top spenders when it came to lobbying Congress for healthcare policy changes. According to data compiled by Fierce Healthcare, the American Hospital Association, the American Medical Association, AARP, and the Pharmaceutical Care Management Association spent a combined nearly $21 million during the second quarter of 2024.

In fact, 14 of the 30 on the list spent more than $1 million during the quarter. Some of the 30, such as Oracle and CVS, are not nonprofits. Five of the top 10 represented health plans, and healthcare insurance companies including trade association America’s Health Insurance Plans, Cigna, the Blue Cross Blue Shield Association, Elevance and UnitedHealth Group spent between $1.8 million and $2.7 million each, according to the Fierce Healthcare compilation.

 The American Hospital Association (AHA) was the top spender on lobbying during the second quarter at $6.46 million. AARP and the American Medical Association (AMA) both spent more than $5 million during the quarter, the data showed.

The ACLU reportedly spent $500,000.

Meanwhile, healthcare bankruptcy filings have slowed, according to an analysis by healthcare restructuring advisory firm Gibbins Advisors and first reported by Fierce Healthcare.

The report analyzed healthcare sector Chapter 11 bankruptcy filings from 2019 through mid-2024 for companies with more than $10 million in liabilities. The cases were also analyzed by ownership type around the time of filing, including private equity, privately held, publicly traded or nonprofit.

Bankruptcy filings increased during 10 consecutive quarters, hitting a high during the third quarter of 2023. In 2023, 79 cases were filed, while 2024 is projected to be 58 cases. That would be a 27% decline.

The post Health Nonprofits Spending Millions Lobbying appeared first on The NonProfit Times.

Source From Non Profit Times