Month: May 2024
California announced a tentative settlement agreement Friday with a pharmaceutical company over its alleged role in perpetuating the opioid addiction crisis battering the state — the same company Gov. Gavin Newsom is partnering with to produce lower-cost opioid overdose reversal drugs. That means the state could hand any funds it receives from the settlement right ...
Rite Aid Corp. is working to complete a deal with lenders to exit bankruptcy. But even with a rescue deal in hand, the ailing pharmacy chain is poised to to be significantly smaller. Since filing Chapter 11 in October, Rite Aid has said it will close more than 520 locations, according to a Bloomberg News ...
CVS Health missed first-quarter expectations and chopped its 2024 outlook more than a dollar below Wall Street’s forecast. Shares of the health care giant plunged Wednesday after the company said it was still struggling with rising costs from care use in its Medicare Advantage business. Company leaders told analysts they were still dealing with rising use ...
Caregivers for older adults and people with disabilities could see a bump in their wages in the coming years, thanks to a forthcoming rule by the Centers for Medicare and Medicaid Services. The new rule brings sweeping changes to a bevy of Medicaid programs throughout the country, including fee-for-service and managed care delivery systems. One ...
Families of people with intellectual and developmental disabilities say Gov. Gavin Newsom is reneging on a scheduled raise for the workers who care for their loved ones, and advocates warn of potential lawsuits if disability services become harder to get. Citing California’s budget deficit, the Democratic governor wants to save around $613 million in state funds by ...
The go-broke dates for Medicare and Social Security have been pushed back as an improving economy has contributed to changed projected depletion dates, according to the annual Social Security and Medicare trustees report Monday. Still, officials warn that policy changes are needed lest the programs become unable to pay full benefits to retiring Americans. Medicare’s go-broke date ...
Sharp-eyed grocery shoppers may notice new labels in the dairy aisle touting yogurt as way to reduce the risk of Type 2 diabetes. That’s because the U.S. Food and Drug Administration recently said it’s OK for producers of yogurt to make that claim — even though the agency acknowledged that it’s based on limited evidence. ...
The 2018 rule sought to expand opportunities for smaller employers to join together to serve as the sponsor of a single, multiemployer health plan but was never implemented after a court ruling blocked it.
The Biden administration on Friday finalized a rule that would expand healthcare coverage for immigrants who came to the US as children and are shielded from deportation under the Deferred Action for Childhood Arrivals program, known as Daca. Under the new rule, recipients of the Obama-era Daca program would be newly eligible to access healthcare coverage through ...