Month: November 2023
President Joe Biden on Monday invoked a Cold War-era measure to boost investment in U.S. manufacturing of medicines and medical supplies that he has deemed important for national defense. Biden used the first meeting of his supply chain resilience council to boast about his administration efforts to improve supply chains upended by the COVID pandemic ...
President Barack Obama famously told Americans they could keep their doctors. At the rate things are going, it won’t be long before many Americans don’t have one in the first place — at least not the way they’re used to. The math is simple: Medical schools just aren’t churning out doctors fast enough to keep ...
A new law is poised to cap seniors’ prescription drug costs covered under Medicare, starting in 2025. But retirees may be in for a shock next year — significantly higher Medicare Part D premiums for prescription drug coverage. The cost of the average premiums will rise between 42% and 57% in 2024 compared to 2023 in five states with the ...
Recent disruptions in OpenAI’s top brass have sparked intense dialogue within the healthcare sector, emphasizing the urgent need for robust standards governing the implementation of generative AI technologies. With Microsoft recruiting former OpenAI executives Sam Altman and Greg Brockman, concerns are growing that few corporations may soon dictate the trajectory of healthcare AI, potentially molding ...
Mark Cuban Cost Plus Drug Company has inked its latest partnership, joining forces with Expion Health to address the rising cost of specialty drugs. Cost Plus Drugs’ pricing model will integrate into Expion’s dynamic pricing technology, harnessing the power of both for speciality medications. Expion’s tool and Cost Plus Drugs’ approach together “equips payers with ...
As the weather transitions from warm to chilly to downright cold, you may notice that you feel a bit achier — and medical evidence suggests it’s more than just a feeling of the winter blues. Doctors shared insights into why and how the cold weather affects your body — and what you can do to lessen the ...
In the thick of cold and flu season in the winter, U.S. death rates have ranged 8% to 12% higher than in warmer months, according to the Environmental Protection Agency (EPA). Given this higher risk, experts say it’s more important than ever for people to take care of their health. Jamie Winn, a South Carolina pharmacist and medical director ...
A health Flexible Spending Account (FSA) is an employer-sponsored benefit that allows eligible employees to save pre-tax dollars to pay for qualified medical expenses. Employees can elect a specific dollar amount, up to a certain limit, to set aside annually.
Starting Jan. 1, two groups of people that had not been eligible for full-scale Medi-Cal will gain access: low-income adults ages 26-49 and some people who are disabled or older than 64. On the other hand, some current Medi-Cal enrollees will lose coverage.
The House Committee on Energy and Commerce health subcommittee pushed forward 21 proposals on Tuesday, some of which will restrict the power of pharmacy benefit managers (PBMs). Democrats supported many of the proposals put forward by Republicans, including legislation reining in PBMs that had support from 60 organizations representing patients, providers, pharmacists, small businesses and ...