The court battle surrounding Medicare’s drug price negotiation program is intensifying as the deadline for determining which drugs will be included approaches. Currently, there are five organizations, including three pharmaceutical companies and two trade groups, that are suing the federal government over the Medicare Drug Price Negotiation Program. This program is an essential component of …
President Biden’s video highlighting Rep. Marjorie Taylor Greene’s speech has garnered over 30 million views within 12 hours of its release. This is the second-highest number of impressions for a Biden video since his inauguration, with only his reelection campaign launch video surpassing it. By Wednesday morning, the video had reached over 34 million views, …
The Centers for Medicare and Medicaid Services (CMS) have announced revisions to their guidance for the Medicare drug price negotiation program, which was established under the Inflation Reduction Act (IRA). These changes appear to be a response to multiple lawsuits challenging the program’s constitutionality. The negotiations for the Medicare Drug Price Negotiation Program are scheduled …
The Department of Justice (DOJ) made a significant announcement on Wednesday, stating that they have brought charges against 78 individuals for their alleged involvement in defrauding care programs for elderly and disabled individuals, resulting in the loss of over $2.5 billion. The charges filed against these individuals include telemedicine fraud, pharmaceutical fraud, and the illegal …
Former New Jersey Governor Chris Christie expressed his stance on Social Security and commitment to entitlement reform if he becomes the 2024 Republican presidential nominee. In an interview on CNBC’s “Squawk Box,” Christie emphasized the need for means testing for wealthy individuals who don’t require Social Security benefits. He also suggested considering raising the retirement …
Despite baseless objections from city Comptroller Brad Lander, City Hall has successfully registered the contract with Aetna to administer a Medicare Advantage plan that will result in annual savings of $600 million for the city. However, City Councilman Charles Barron (D-B’klyn) is now attempting to disrupt this progress. Starting in September, the plan will cover …
Pharmaceutical companies and House Republicans have come together to launch a comprehensive and aggressive assault on President Joe Biden’s new Medicare drug reforms. These reforms, which have already begun to lower prescription costs for seniors, are considered to be one of Biden’s major accomplishments. However, the pharmaceutical industry and House Republicans argue that these reforms …
The pharmaceutical industry is launching a legal attack on Medicare’s newly granted authority to negotiate drug prices. In a move that could impede a key Biden initiative, Merck & Co., the U.S. Chamber of Commerce, and Bristol Myers Squibb have all filed lawsuits against the Biden administration in an attempt to block Medicare’s price negotiation …
Retired city workers are understandably upset about the city’s decision to change their health insurance plan, which will result in less flexibility starting in September. However, this change should not come as a surprise. The city had to make adjustments to save costs. Fortunately, the retirees are still benefiting from the new plan, which was …
Drugmaker Merck has filed a lawsuit against the U.S. government, claiming that its plan to allow Medicare to negotiate drug prices is a form of “extortion.” The plan, known as the Inflation Reduction Act, aims to save taxpayers billions of dollars by enabling the government to negotiate prices for 10 drugs without generic or biosimilar …