Foundation research

Bill Gates injects $20 billion into his foundation to aid global recovery

The massive donation aims to curb the suffering caused by global issues like covid, AP reports. Gates says the foundation plans to spend $9 billion a year in aid by 2026. Meanwhile, St. Jude Children’s Research Hospital has increased investments in its plan to study and fight the pediatric diseases.

AP: Bill Gates gives $20 billion to stem ‘significant suffering’

Bill Gates, concerned about “significant suffering” caused by global setbacks including the COVID-19 pandemic, announced on Wednesday that he would donate $20 billion to his foundation so it can increase its annual spending. The gift, combined with the $3.1 billion gift from Berkshire Hathaway CEO Warren Buffett, a longtime Berkshire Hathaway board member last month, brings the Bill and Melinda Gates Foundation’s endowment to approximately 70 billion dollars, which makes it one of the largest, if not the largest in the world, according to the daily. stock market valuations. (Gamboa, 7/13)

Gates Notes: Editorial: By 2026, the Gates Foundation aims to spend $9 billion a year

Several huge global setbacks over the past few years have left many discouraged and wondering if the world is destined to keep getting worse. The pandemic and the invasion of Ukraine are just two examples. These setbacks cause great suffering. But it’s important to remember that they are happening against the backdrop of two decades of historic progress. I believe it is possible to mitigate the damage and return to the progress the world was making. In this article, I will list progress and setbacks, explain how the world can respond, and discuss how I and others can do our part. (Bill Gates, 07/13)

And St. Jude Children’s Research Hospital is expanding its research –

AP: St. Jude increases investment in research and additional jobs

St. Jude Children’s Research Hospital is increasing its investment by $1.4 billion for a strategic plan that includes programs advancing the study and treatment of childhood cancer and other catastrophic diseases, the hospital announced Wednesday. ‘hospital. The additional funding is part of a six-year expansion plan launched last year, and it will bring the six-year operating and capital budget to $12.9 billion, the Memphis hospital said. , Tennessee, in a press release. (Sainz, 7/13)

In other healthcare industry news –

Modern healthcare: Molina to buy insurer My Choice Wisconsin

Molina Healthcare plans to acquire a Medicaid managed care organization in Wisconsin for about $150 million, the insurer announced Wednesday. Under the terms of the deal, Long Beach, Calif.-based Molina said it would buy substantially all of the assets of My Choice Wisconsin. (Kim Cohen, 7/13)

Modern healthcare: NewYork-Presbyterian invests $15 million in AI partnership

The program will bring together physicians and researchers from NewYork-Presbyterian, Cornell Tech and Cornell Ann S. Bowers College of Computing and Information Science. NewYork-Presbyterian is providing $15 million in funding for the program over three years. (Kim Cohen, 7/13)

WFSU: HCA and UCF partner to offer psychiatry and dermatology residencies in Tallahassee

The need for more mental health professionals, including psychiatrists, is growing. The Tallahassee area is now a final training site for additional psychiatrists through a new hospital residency program. (Flanigan, 07/13)

Axios: Rural hospitals face financial instability again

After weathering the pandemic with federal COVID assistance, rural hospitals face a confluence of challenges that could leave many facilities in the red and risk closing as early as the end of this year. (Dreher, 07/14)

KHN: Rural hospital rescue program met with skepticism by administrators

In West Texas, the small hospital in Crosbyton has only two beds, and they aren’t always full. “We rarely admit patients,” said Steve Beck, chief executive of the hospital, which is 40 miles east of Lubbock and serves a town of about 1,500 people. The hospital is struggling to keep staff, and “we lack technology and expertise,” he said. And money. (Tribble and Leys, 07/14)

This is part of the KHN Morning Briefing, a summary of health policy coverage by major news outlets. Sign up for an email subscription.