by Jordana Choucair | Sep 22, 2021 | Payers
A report from the HHS Office of the Inspector General found that health insurers received $9.2 billion from Medicare in one year through controversial billing methods that may have allowed the companies to “inappropriately” inflate their payments. The...
by Jordana Choucair | Sep 22, 2021 | Opioid/Substance Use Disorders
The AMA released a new report calling on lawmakers to “act now” on climbing rates of fatal and nonfatal drug overdoses. More than 93,000 people died of drug overdoses in 2020, representing a record high and an almost 30 percent increase in overall fatal overdoses from...
by Jordana Choucair | Sep 22, 2021 | M&A
Walgreens announced that it paid $970 million to increase its investment in Shields Health Solutions (Shields) — a company that helps hospitals run their own specialty pharmacies. The deal will increase Walgreens’ total ownership in Shields from 23 percent to 71...
by Jordana Choucair | Sep 22, 2021 | Life Sciences
The Biden administration is buying 187 million rapid COVID-19 tests from Abbott Laboratories and Celltrion Inc. for $1.2 billion. According to an HHS official, the deals also include options for the federal government to buy more tests. Demand for rapid tests has...
by Jordana Choucair | Sep 22, 2021 | D.C. News
President Joe Biden plans to announce at a meeting of the United Nations General Assembly that the U.S. will buy another 500 million doses of the Pfizer/BioNTech COVID-19 vaccine to distribute globally, doubling his earlier commitment. The latest purchase represents a...
by Jordana Choucair | Sep 22, 2021 | Access & Coverage
A new analysis from Kaiser Family Foundation shows that 53 percent (31.3 million) of Medicare beneficiaries utilized dental services in 2018, with an average spending of $874. Thirty-five percent (20.3 million) used vision services and 8 percent (4.6 million) used...
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