A $160 billion megamerger announced Monday would turn U.S. pharmaceutical behemoth Pfizer Inc. into an Irish drug company, using a controversial tactic that allows companies to dodge billions of dollars in corporate taxes by renouncing their U.S. citizenship. Pfizer’s deal with Botox-maker Allergan, which would create the world’s largest drugmaker, immediately sparked criticism from Democrats ...
Many primary care practitioners will be a little poorer next year because of the expiration of a health law program that has been paying them a 10 percent bonus for caring for Medicare patients. Some say the loss may trickle down to the patients, who could have a harder time finding a doctor or have to wait ...
The Obama administration began building a political case Friday for government actions to protect people against high pharmaceutical costs, saying millions of Americans were unable to afford lifesaving prescription drugs. “As costs go up, so does everyone’s anxiety about their continued access to their prescription medicine,” said Andrew M. Slavitt, the acting administrator of the ...
They may have no love for Obamacare, but a new poll shows that more than half of Americans now think that it is the responsibility of the federal government to ensure that all Americans have health insurance overage. A new Gallup poll finds that more than half of Americans agreed with that sentiment, up six ...
The Senate on Thursday fast-tracked a House-passed effort to repeal parts of the Affordable Care Act. Senate Majority Leader Mitch McConnell (R-Ky.) used a procedural move to let the House bill skip over the Senate’s committee process and be placed directly on the Senate calendar, where it could be teed up for action on the ...
Officials with Gov. Jerry Brown’s (D) administration say that efforts to rework the expiring managed care organization tax are ongoing, Capital Public Radio’s “KXJZ News” reports (Orr, “KXJZ News,” Capital Public Radio, 11/19). Background The current MCO tax expires in June 2016. In July, federal officials said they would not reauthorize the formula California uses. ...