Month: August 2023
The 25 drugs that accounted for the highest Medicare Part D spending in 2021 more than tripled in price since they first entered the market, according to a new report from AARP.
The price of nursing home care increased by an average of 2.4 percent each year between 2012 and 2019, for a cumulative increase of 20.7 percent, according to data from the health research group Altarum Institute.
Drug shortages are rife across hospital and health system pharmacies and forcing most pharmacists to rely on alternatives that drive up costs and sometimes impede care, particularly when it comes to cancer care, according to new survey data of more than 1,100 provider pharmacy specialists. The membership poll, fielded this summer by the American Society ...
Amazon has been focused on ways to make prescription drugs more affordable for consumers as it works to carve out a piece of the retail pharmacy market. The online retail giant’s pharmacy arm is now taking aim at easing access to affordable insulin. Amazon Pharmacy will automatically apply drug-manufacturer-sponsored coupons on more than 15 insulin and ...
The aim is aspirational: Hospital executives shouldn’t make more than the president of the United States. Next spring, Los Angeles city voters will have a chance to put the brake on runaway salaries by capping hospital executives’ pay at $450,000 a year. The measure, proposed by a local union and approved by the City Council in June, ...
“How much is the ice cream?” A simple enough question, featured on a new TV and online advertisement, posed by a man who just wants something cold. A woman behind the counter responds with a smile: “Prices? No, we don’t have those anymore. We have estimates.” The satirical ad pretends to be a news report highlighting ...
The pharmaceutical industry has taken most of the heat in Congress and the public’s mind for high drug prices. But increasingly, scrutiny is shifting to a different part of the supply chain: pharmacy benefit managers. Why it matters: PBMs may not resonate with the average person the way big drugmakers like Pfizer do, but they play an important role in determining how ...
The Department of Justice (DOJ) lambasted the Chamber of Commerce’s request for an injunction to block the Medicare drug price negotiation program, arguing in court filings that the organization had no standing to file the lawsuit and that pausing the program would harm the public. The rebuttal comes weeks before the federal government is expected ...
If you had to guess, how much time would you say it takes to prepare for open enrollment every year? Your answer probably sounds something like, “Too many hours to count.” The brokers I work with will spend the next several months crafting benefits guides, reminder emails, and Powerpoint presentations, all in an effort to ...
California’s largest public hospital plans to start notifying 43,000 former patients Monday that they may be eligible for refunds or billing corrections, part of what advocates called a major legal settlement that will help force the hospital to fulfill its charity care obligations. Santa Clara Valley Medical Center, along with other units of county-owned Santa ...