Delayed care is beating COVID-19 cases right now.May 21, 2020
Health care is eating up more and more of Americans’ paychecks every year.Dec 22, 2019
These bills can be financially devastating for patients.Aug 13, 2019
It can be enormously frustrating for patients — and profitable for everyone else.Nov 17, 2018
Almost one-fifth of the American economyJun 16, 2018
Gilead will charge U.S. hospitals $3,120 for the shortest treatment course of its coronavirus drug remdesivir for typical patients with private insurance, according to an open letter from CEO Daniel O’Day.
Why it matters: It is the first antiviral drug shown to effectively treat coronavirus in a major clinical trial, and Gilead's pricing decision may set the bar for how future treatments will be priced.
Pharmaceutical companies raised the price of 245 drugs between January 20 and June 20, according to a new analysis by Patients for Affordable Drugs.
Between the lines: Some of these drugs are directly related to the pandemic. And the hikes occurred against the backdrop of economic calamity hitting many American families.
A federal judge upheld Tuesday the Trump administration's rules requiring hospitals to publicly disclose the prices they've negotiated with insurers — information that both hospitals and insurers would very much prefer to keep secret.
The state of play: The American Hospital Association sued to block the rules, arguing that they exceeded the administration's legal authority and infringed on hospitals' First Amendment rights. The court rejected both arguments.
Hospitals that have pocketed tens of millions of dollars in federal coronavirus bailouts are still pursuing big-ticket mergers and acquisitions.
Why it matters: The pandemic has dried up big parts of hospitals' businesses, and that's why Congress established a $175 billion bailout fund to help them. At the same time, they're spending millions on lawyers and advisers to explore deals that expand their business empires.
Three of New Jersey's largest tax-exempt hospital systems — Atlantic Health System, Hackensack Meridian Health and RWJBarnabas Health — have hired Chris Christie to lobby the federal government on federal health care bailout funds and Medicare payment policies.
Between the lines: Those three organizations have received more than $1 billion combined from the coronavirus bailout fund so far, according to data analyzed by Axios, and they oppose proposed Medicare rules that would force them to disclose negotiated prices.
As the elderly, especially those in nursing homes, bear the brunt of deaths from COVID-19, new approaches and tools to keep them safe are emerging.
Why it matters: Seniors are much more susceptible to the novel coronavirus, and the conditions in many long-term care homes facilitate the spread of COVID-19. Independent of the current pandemic, America and much of the world is aging rapidly and is in need of technologies to care for them.
Advocate Aurora Health and Beaumont Health have started formal merger discussions, the systems said today. The combined system would control 34 hospitals across Illinois, Michigan and Wisconsin, and would generate $17.5 billion in annual revenue, which would be larger than companies like Salesforce or Mastercard.
Why it matters: This transaction — which is being initiated during a pandemic that hospitals say has stretched them financially — would create one of the largest hospital systems in the Midwest. But the evidence has been thorough in showing hospital mergers don't lower prices and don't improve care quality.
Why it matters: Walmart now has the technology to mail prescription drugs to customers' homes or to arrange more pickups at its own pharmacies, which makes the retail giant more competitive in the multi-billion-dollar business of drug delivery.
A coalition of state attorneys general has sued more than two dozen generic drug companies and high-ranking executives, accusing them of conspiring to fix prices of their prescription pills and creams. Health insurer Cigna similarly filed a lawsuit of its own, arguing the price-fixing schemes led to massive "overcharges."
The CEOs of 179 health care companies took home almost $2.5 billion in 2019, a majority of which came from cashing out stock, according to an Axios analysis of financial filings.
The big picture: That amount is four times what the Centers for Disease Control and Prevention had to study and prepare for all "emerging and zoonotic infectious diseases" last year, right before the novel coronavirus outbreak turned into a global pandemic.