The Federal Trade Commission today set off a new round of debate about the role of big pharmacy benefit managers in shaping U.S. prescription drug prices by posting a second interim staff report. This time, the FTC focused on charges for high-cost specialty drugs at the pharmacies of the three biggest PBMS — Cigna’s Express Scripts ...
Dairy cattle in Nevada have been infected with a new type of bird flu that’s different from the version that has spread in U.S. herds since last year, Agriculture Department officials said Wednesday. The detection indicates that distinct forms of the virus known as Type A H5N1 have spilled over from wild birds into cattle at least ...
The hospital lobby is petitioning President Donald Trump to grant carve-outs for medical devices and pharmaceutical products to the tariffs his administration has enacted, or may soon enact, on Mexico, Canada and China. In a letter sent Tuesday, the American Hospital Association (AHA) told the president that the country’s hospitals “stand with you” on the ...
Moody’s Ratings is downgrading the insurance industry’s credit outlook to negative as elevated medical costs continue to batter payers. Moody’s analysts noted in a report that spending in the commercial market alone is set to increase by 8% this year, the fastest rate recorded in 13 years. Spending in the individual market, meanwhile, is set ...
Sen. Bill Cassidy (R-La.) said he secured significant concessions from the Trump administration on vaccine safety that led to his vote Tuesday morning to advance the nomination of Robert F. Kennedy Jr. to lead the Department of Health and Human Services (HHS). Cassidy voted with all other Finance Committee Republicans on Tuesday to advance Kennedy’s nomination to the floor. ...
Robert F. Kennedy Jr., President Donald Trump’s pick for health secretary, moved closer to securing the job on Tuesday, winning approval from a key Republican senator and a recommendation from the Finance Committee to advance him to a full Senate vote as soon as this week. The Republican-led committee voted 14-13 along party lines with ...