All three PBMs are associated with the country's three largest health insurers and are accused of boosting prices of specialty generic drugs through their own pharmacies, generating more than $7.3 billion in revenue.
On their way out the door, the Biden administration's Federal Trade Commission (FTC) released another highly critical...National News
On Tuesday, August 20, U.S. District Judge Ada Brown in Dallas struck down the nationwide noncompete ruling by the U.S. Federal Trade Commission (FTC) set to take effect September 4. The U.S. Chamber of Commerce and the Texas-based tax firm Ryan LLC, which brought the lawsuit, warned the rule would retroactively invalidate millions of...National News
Pfizer continues it's post-COVID vaccine foray into investment and expansion with venture capital firm Flagship for the development of up to 10 new drugs. The companies announced that they would initially invest $100 million.
According to STAT, Pfizer will have first dibs on each drug for up to $700 million plus royalties and...National News
Capitol Hill has turned its eye to pharmacy benefit managers (PBMs), culminating in a new package of measures introduced by leaders of the Senate Health, Education, Labor and Pensions (HELP) Committee that seeks to bring PBMs under more careful regulatory authority.
In February, the Federal Trade Commission (FTC) enforced the very...
As cyberattacks on healthcare providers and industry services continue into 2023, the U.S. Department of Health and Human Services (HHS) announced that it reached a $1.25 million settlement with Banner Health following a federal probe into a 2016 data breach that disclosed the protected health information of 2.81 million...
The pandemic put a damper on merger and acquisition (M&A) activity among hospitals. Now, looking forward, the question is whether such activity is a lifeline for a reeling industry or a greedy practice bad for everyday patients.
The consulting firm Ernst & Young’s (EY) Global Capital Barometer found global M&A...Health Related Groups
According to an undercover audit completed by the nonpartisan Government Accountability Office, some health insurance brokers provided misleading or false information to potential customers about whether their plans covered preexisting conditions.
The audit was requested by Senate Democrats with the intention of determining whether...
