by Jordana Choucair | Dec 21, 2021 | M&A
Oracle will buy Cerner, one of the largest vendors of electronic health record systems, for $28.3 billion in cash. The move positions Oracle as an even bigger health care player, as 25 percent of all hospitals use Cerner’s electronic records system. Oracle could...
by Jordana Choucair | Dec 21, 2021 | Life Sciences
Biogen said that it has reduced the price of its Alzheimer’s drug Aduhelm by half. The moves follow a disappointing commercial launch of Aduhelm, as well as anger over the drug’s high price. Biogen also said it is planning a series of cost-cutting measures across the...
by Jordana Choucair | Dec 21, 2021 | D.C. News
President Biden will announce today that his administration is purchasing half a billion rapid tests. The first shipment will arrive in January, after which Americans will be able to get tests delivered by mail to them for free via a federal website. The president...
by Jordana Choucair | Dec 20, 2021 | Public Health/Prevention
Dr. Anthony Fauci said that the U.S. is likely in for a hard winter as the Omicron COVID-19 variant spreads rapidly. “It’s going to take over,” Fauci said, urging Americans to get vaccinated and get their booster shots. According to the World Health...
by Jordana Choucair | Dec 20, 2021 | Payers
According to the CMS, insurers gave out approximately $2 billion in rebates for 2020 to nearly 10 million consumers under the ACA’s medical loss ratio provision. Health insurers provided approximately $1.3 billion in rebates in the individual market, $384 million in...
by Jordana Choucair | Dec 20, 2021 | Opioid/Substance Use Disorders
A new HHS Office of the Inspector General report found that less than 16 percent of more than one million Medicare beneficiaries diagnosed with opioid use disorder in 2020 received medication to treat the condition. Furthermore, less than one third of those who...
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