Pharmacy
The Centers for Medicare and Medicaid Services on Thursday finalized a rule on the rebate and reimbursement of prescription drugs, a move aimed at bringing down consumer costs and which is expected to save federal and state governments an estimated $2.7 billion over five years.
WellCare is a provider of managed care services for government-sponsored healthcare programs; CVS health is the nation's second-largest PBM company, and will administer pharmacy benefits and process claims for about 3.8 million WellCare members who participate in the company's nationwide Medicare, Medicaid and Prescription Drug Plan programs.
Despite advice to shop around before selecting a plan, consumers may find that getting answers about drug coverage can be an exercise in frustration, despite a federal health law requirement that insurers provide lists of the prescription medications included in their plans.
As prescription drug prices continue to drive up healthcare spending, the Centers for Medicare and Medicaid Services is creating a new online dashboard to increase transparency and address affordability. Read the story for the full price breakdown.
Former Turing Pharmaceutical CEO Martin Shkreli, who was arrested last week on charges of securities fraud and who has been reviled for hiking the price of a life-saving drug by 5,000 percent, has been terminated as CEO of KaloBios, the company announced Monday.
Martin Shkreli, the Turing Pharmaceutical CEO reviled by many for hike 5,000 percent price hike of AIDS drug Daraprim, was arrested Thursday on securities fraud, according to several published reports.
Capital Blue Cross will provide a second round of funding to help put a life-saving overdose antidote into the hands of Pennsylvania police officers by donating $100,000 to help local and campus police departments purchase Naloxone.
There's a prescription drug abuse problem sweeping the United States, but fixing it will require a systematic change focused on how most health professionals prescribe drugs, rather than changing the practices of a few bad apples.
Six groups who represent a wide swath of biologic-prescribing physicians are urging Congress to press the Centers for Medicare and Medicaid Services to make unique codes for biosimilar medicines for billing and payment purposes.
The Miami owner of eight pharmacies will spend nine years in prison, the Department of Justice announced this week, for is part in a healthcare fraud that saw him spending the money he scammed on luxury cars for himself and his family.