Thursday, July 21, 2022: Health IT

The Department of Justice (DOJ) charged 36 defendants with using telehealth to defraud Medicare. Allegedly, the defendants engaged conducted $1.2 billion in medical fraud, with much of that coming from phony telehealth claims for unnecessary genetic tests and medical...

Thursday, July 21, 2022: Life Sciences

Senate Finance Chairman Ron Wyden outlined several additional prescription drug reforms that he wants Democrats to tackle after the reconciliation bill. Wyden said that plans to allow Medicare to negotiate drug prices and to fine drugmakers that hike prices at a...

Thursday, July 21, 2022: Payers

Elevance CEO Gail Boudreaux informed investors that the insurer will no longer provide group Medicare Advantage coverage to New York City retirees. According to Boudreaux, the insurer “needed greater certainty” to continue with the contract amid delays and ongoing...