“Andy Slavitt has been called a renegade, a rabble rouser and a policy wonk… Soon, he might be known by a new title: Venture capitalist.”
“CNBC caught up with him about his new fund, which is still in the development phase. He declined to share his limited partners or the funding amount at this stage, as he’s still in the process of recruiting partners to join him.”
“He’s starting out with a clear population in mind: The oldest and sickest people in America.”
“His first investment, in an Alphabet spinout called Cityblock, is in the ideal space. Cityblock isn’t treating patients yet, but its goal is to help low-income Americans with costly and complex needs access a range of services, including housing and support.”
“Cityblock isn’t a purely philanthropic enterprise. The company sees a path to make money by taking on the risk of these populations, and delivering better, more affordable care. The idea is that a company can put forward a proposal to a payor — like the government…” Read the full article here.
Source: The guy who battled Republicans over Obamacare is investing in health tech for the 99 percent – By Christina Farr, March 4, 2018. MSN.
