CVS Health Corp. is hiring a senior executive from a startup that specializes in primary-care clinics, a sign that the drugstore chain is serious about providing more medical services directly to consumers as it moves toward acquiring health insurer Aetna Inc.
A federal whistleblower complaint alleges that a major California insurer failed to pay an estimated $89 million in taxes on premium revenue as required under the Affordable Care Act.
Rumors have been swirling that Amazon might try to break into the pharmacy business. On Monday, CNBC reported that Amazon (AMZN) has put its plans to sell and distribute pharmaceutical products on hold. An Amazon representative told CNNMoney that the company does not comment on rumors or speculation.
A fleet of major coffee brands is gearing up for a long haul fight against California’s coffee warnings. The companies say that the trace amounts of acrylamide — a cancer-causing chemical — found in coffee do not warrant a label, according to the Wall Street Journal.
A study by the Urban Institute says the average monthly premium for healthcare insurance in Nevada increased 45.6 percent this year.
The state’s health exchange under the Affordable Care Act is moving off the federal platform for signing up for insurance, relying on lessons learned in the past and in other states.