The Centers for Medicare and Medicaid Services (CMS) made an exciting announcement on Tuesday, revealing the first 10 drugs that have been selected for Medicare price negotiation under the Inflation Reduction Act (IRA). These drugs were chosen based on their eligibility under the IRA and their status as the highest-cost drugs covered by Medicare Part …
Joe Biden is preparing to launch a groundbreaking initiative that will have a significant impact on the lives of everyday Americans. This initiative aims to lower the cost of prescription drugs for Medicare and its beneficiaries by negotiating directly with drug manufacturers. The process will begin with the announcement of the 10 drugs that will …
Vivek Ramaswamy’s confidence is undeniable, especially after his strong performance in the GOP debate and the overall success of his presidential campaign. However, this overconfidence could be his downfall. While we appreciate his energy and unconventional thinking, he sometimes ventures into the realm of clickbait politics, which can become tiresome for people. At the debate, …
Caring for ailing or aging family members can be financially burdensome for many American caregivers. As the baby boomer generation ages, the costs associated with caring for older adults are becoming more apparent and expensive. Data from the Altarum Institute shows that the price of nursing home care increased by an average of 2.4 percent …
Efforts to expand Medicare coverage for obesity care services are gaining momentum in Congress, driven by the growing popularity of newer medications and recognition of the substantial cost of chronic health problems associated with obesity. Since the enactment of the Medicare Modernization Act in 2003, Medicare has been prohibited from covering weight loss medications due …
COVID-19 hospitalizations continue to rise for a second consecutive week, with a significant increase of over 12%. According to the Centers for Disease Control and Prevention (CDC), an additional 9,056 individuals were hospitalized with the virus last week, marking a 12.5% surge. This upward trend in hospitalizations began a few weeks ago. In the previous …
A contentious battle is underway between the Biden administration and the influential nursing home industry over the introduction of a minimum staffing requirement for the nation’s 15,500 nursing homes. President Biden had previously announced plans for nursing home reforms, with staffing minimums being a key component. However, the specifics of the new rules are still …
The announcement of the first 10 drugs selected for Medicare price negotiation on September 1st marks a significant step towards government regulation of drug costs. This process, which has faced legal challenges, will initiate negotiations with the manufacturers of these drugs, who will have one month to agree to engage in the negotiation process. Companies …
The regulation of pharmacy benefit managers (PBMs), the intermediaries in the prescription drug supply chain, took a significant step forward on Wednesday as a key Senate committee advanced bipartisan legislation. The Senate Finance Committee approved the measure by a vote of 25-1, highlighting the broad bipartisan interest in PBM reform. The lone dissenter, Sen. Ron …
A medical clinic in Calgary that plans to charge patients for faster access to a family doctor would be violating medicare laws, according to Health Canada. The federal agency warns that Alberta could lose federal transfer health payments if the issue is not addressed. Premier Danielle Smith says that if rules are being broken, action …