According to a study published in the American Journal of Health-System Pharmacy on April 24, the U.S. spent more than $722 billion on prescription drugs in 2023, a 13.6% increase from 2022. This is the largest uptick in spending in 20 years. Semaglutide (sold under brand names Ozempic, Wegovy, and Rybelsus) ranked No. 1 on the list of the ...

LexisNexis® Risk Solutions, a leading provider of data and analytics, today released its latest healthcare data brief highlighting new insights on key mental health trends including the continued increase in claims for mental health care, shifts in telehealth and in-person utilization, and specific diagnoses that have surged between 2019 and 2023. The brief analyzes de-identified medical claims and ...

Warren Buffett’s Berkshire Hathaway Inc. unveiled a $6.7 billion stake in insurer Chubb Ltd., ending months of suspense over its mystery position in a financial firm, previously kept concealed in regulatory filings. Berkshire disclosed the holding in a filing on Wednesday, reflecting its positions at the end of the first quarter. The conglomerate has been ...

More than 20% of Medicare Advantage patients could be affected by the rule, report finds.

We are in the middle of National Bike Month, and cycling enthusiasts love to talk up the benefits of their favorite activity. “It’s definitely my longevity drug,” says Brooks Boliek, 65, an avid cyclist of many decades, who used to commute to his office on a bicycle. A substantial body of evidence supports the health benefits ...

One of Newsom’s proposals is to sweep up an extra $7 billion from the state’s renewed tax on some health plans, called managed care organizations. These funds were initially promised to go toward pay raises for some health care workers and other health care investments.