Industry Updates
This broad category includes articles concerning health insurance costs, carrier and health plan news, changing benefits technology, and surveys by the Kaiser Family Foundation and others on employee benefits.
New Biden administration rule could impose stricter test for Uber, Lyft and others to classify workers as contractors
The agency authorized Florida to purchase medicines directly from wholesalers in Canada, where prices are far cheaper. Pharmaceutical companies oppose the plan.
While public and political scrutiny around drug pricing has reached a fever pitch in the wake of 2022’s Inflation Reduction Act (IRA), that hasn’t stopped pharma majors from ringing in 2024 with their favorite New Year tradition: a hefty round of medication price hikes. Altogether, companies such as Pfizer, Sanofi and Takeda are raising prices on more than ...
Cigna is in advanced talks to sell its Medicare business in an about-face for the health-insurance giant, which had been expanding its footprint in the fast-growing sector. Cigna, which has been running an auction for the business, known as Medicare Advantage, is now in exclusive talks to sell it to Health Care Service Corp. for ...
Amazon plans to collaborate with digital health companies to connect customers with virtual care benefits for managing conditions like diabetes and hypertension. The online retail giant tapped virtual-first chronic care provider Omada Health as its first partner. Amazon’s new health conditions program, which officially launched on Monday, aims to help customers find and enroll in virtual care ...
In his first earnings call since taking over as CEO of Walgreens, Tim Wentworth signaled the drugstore retail giant is exploring new pharmacy models as cost-plus drug pricing gains momentum. “We welcome and will work with payer and PBM partners on any model that recognizes and reimburses pharmacies for the unmatched value we provide patients, ...
A price cap on insulin from one of the three major manufacturers took effect on New Year’s Day, giving more Americans with diabetes more affordable treatments. In March, Sanofi became the last of three companies that make up 90% of the world’s insulin market by value to announce price cuts. Novo Nordisk and Eli Lilly Co.’s plans had slashed U.S. prices by ...
Legal experts indicated they will be paying close attention to lawsuits surrounding the Medicare drug price negotiation program and Braidwood v. Becerra. Both topics could have massive ramifications on the healthcare industry and set new precedents.
The average per-employee cost of employer-sponsored health insurance rose by 3.2% in 2022, according to the survey. This relatively modest increase was only about half the rate of general inflation for 2022, which ended the year at 6.5%.
As personal insurance rates continue to increase for a myriad of reasons, around 70% of U.S. consumers are actively reviewing their insurance policies in an effort to find savings, according to a survey from Trusted Choice, national brand representing the members of the Independent Insurance Agents & Brokers of America (the Big “I”). Among those shopping around, 45% ...