The question elicited predictable and unexpected responses from panelists that included a senior executive from CVS Caremark and executives from startup companies working to change the pharmacy benefits landscape.
From July 2021 to July 2022, 1,216 prescription drugs saw price increases that soared past the inflation rate of 8.5% for that time period, one HHS report showed. Another reported that in 2021, the American healthcare system spent $603 billion on prescription drugs, of which $421 billion was spent on retail drugs.
Gabby Everett, the site director for BioLabs Pegasus Park, offered a tour of the space and shared some examples of why early-stage life science companies should choose North Texas.
Pharma companies often take the blame for high prescription costs. But a new, industry-sponsored survey shifts attention to insurance industry practices.
The Ohio attorney general has filed a lawsuit alleging that a Centene subsidiary, which provides Medicaid services in the state, hired multiple companies to administer pharmacy benefits in order to inflate costs. As a result, the state's Medicaid department paid millions in overcharges.
Vizient, a healthcare performance improvement company, will use its analytics and data capabilities to help Civica Rx anticipate gaps in drug availability and affordability.
The industry's main lobbying group, PhRMA, updated its direct-to-consumer ad guidelines to include pricing information, but HHS secretary says voluntary action is insufficient.
At the Abarca Forward conference earlier this year, George Van Antwerp, managing director at Deloitte, discussed how social determinants of health and a personalized member experience can improve medication adherence and health outcomes.
Determined to explore more avenues to curb price hikes, the Trump administration is signaling that it is willing to consider what the industry regards as something of a nuclear option to address a recalcitrant problem.
At MedCity CONVERGE on July 12, panelists discussed rising oncology costs and posed questions about how the nation is spending its healthcare dollars.
The rollout of the Rx Savings Finder is starting with CVS Caremark PBM members but will become more broadly available throughout 2018.
Beginning next month, Cerner customers will start implementing Surescripts' Real-Time Prescription Benefit tool into their Millennium EHRs. The Kansas City vendor's collaboration with Surescripts was initially announced last November.
Munck Wilson Mandala Partner Greg Howison shared his perspective on some of the legal ramifications around AI, IP, connected devices and the data they generate, in response to emailed questions.
Trinity Health is the first major user of emRxcelm, which integrates FamilyWize's prescription drug savings program with EHRs and into prescribers' workflows.
The abrupt rise is notable because many people think that life-threatening allergies are less common among the elderly. In addition, epinephrine — the active ingredient in EpiPens — can pose greater risks to older adults.
People who got insurance through the ACA were significantly more likely to get prescription medications than they were before. And when they did, they typically ended up spending less of their own money for those drugs.
The study, which appears in Health Affairs, is the first to examine whether legalization changes doctors’ clinical practice and whether it could curb public health costs.
The commission recommends an interrelated set of proposals it estimates could save at least $10 billion over five years, partly by encouraging more use of generic drugs and also by creating incentives for insurers to negotiate better prices from drug makers.