California Gov. Gavin Newsom had agreed to allocate $300 million each year for the state’s chronically underfunded public health system. Two years later and facing a $45 billion deficit, Newsom proposes to slash the funding entirely.

A cybersecurity expert said that the ransomware attacks on Change Healthcare and St. Louis-based Ascension has highlighted the healthcare industry's cybersecurity weakness, CNN reported May 15.

The new model, Optum Rx Clear Trend Guarantee, will provide value-based pricing of drugs per member combining the cost of these medicines from various sources such as retail pharmacy, home delivery, specialty drug and rebates.

With drug shortages at an all-time high, the Senate Finance Committee wants to create a new program to incentivize improved contracting and purchasing practices in the supply chain by offering bonuses to hospitals and providers.

Following the Change Healthcare and Ascension breaches, this new HHS program will solicit proposals from companies that can create tools to ensure internet-connected hospital equipment is kept safe and functional.

Facing the wrath of upset investors following its first quarter earnings, CVS Health has promised to value margins over members going forward. First apologizing for last quarter’s earnings, which were plagued by higher-than-expected Medicare Advantage (MA) utilization, CFO Thomas Cowhey told the Bank of America Securities 2024 Health Care Conference crowd that CVS remains a big ...