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.
Nearly 3 in 4 employed Americans would accept a job with a slightly lower salary if it offered better health care and medical coverage, including lower premiums and out-of-pocket costs, a new Voya Financial survey found.
The Internal Revenue Service has updated an important employee benefits tax compliance document: a list of answers to frequently asked questions about how to apply the rules for the Affordable Care Act premium tax credit.
The CEO of Novo Nordisk is set to appear before a Senate panel Tuesday to be grilled on the high cost of Ozempic and Wegovy, the popular drugs used to treat diabetes and obesity. But health economists say it’s unlikely that congressional pressure will be the driving force to get the prices down. Sen. Bernie ...
A U.S. appeals court revived a lawsuit on Friday by healthcare and drug industry groups challenging the first-ever U.S. law requiring pharmaceutical companies to negotiate drug prices with the government’s Medicare health insurance program that covers 66 million people. The decision from the New Orleans-based 5th U.S. Circuit Court of Appeals did not address the ...
The Federal Trade Commission took action Friday against the nation’s three largest pharmacy benefit managers, accusing the companies of artificially inflating insulin list prices that resulted in patients paying more for the medications. The agency alleges that CVS Health’s Caremark Rx, Cigna’s Express Scripts and UnitedHealth Group’s Optum Rx and their affiliated group purchasing organizations ...
The bill would extend pandemic-era telehealth flexibilities in Medicare for another two years, averting a looming year-end deadline.
The health system in the U.S. is failing, a startling new report finds. The U.S. ranks as the worst performer among 10 developed nations in critical areas of health care, including preventing deaths, access (mainly because of high cost) and guaranteeing quality treatment for everyone, regardless of gender, income or geographic location, according to the ...
U.S. employers expect health insurance costs to rise an average 5.8% in 2025, largely due to increased cost of medical services as well as higher use, according to a survey released by consulting firm Mercer on Thursday.
This year marked the expiration of certain pandemic-era policies that offered a temporary boost to insurers' star ratings, according to the report. However, the study notes that despite the decrease from 2023, bonus payments in 2024 are higher than any year from 2015 to 2022.
In the lawsuit, which was filed in Missouri federal court, the PBM argues that the report was filled with "false and misleading claims" about the industry. Express Scripts said that it cooperated in full with the FTC as it conducted its research over the course of two years.