Health systems should expect a 4.57% increase in their drug spending in 2020, according to a new analysis by Vizient, a health care performance improvement company.

Why it matters: Some of the most expensive drugs on the market are administered in hospitals and doctors' offices, and they're folded into a patient's overall hospital bill.

By the numbers: The projected price increase is driven exclusively by brand-name drugs; spending on generics is projected to decrease by .02%.

  • The cost of specialty drugs, which already carry hefty price tags, is expected to rise by 4.23%.
  • Spending on biologics is expected to increase by 4.57%, while nonbiologic spending will go up by 3.87%.

Yes, but: Providers are often reimbursed based on a percentage of a drug's cost, which has led to accusations that they have an incentive to administer more expensive drugs even when cheaper options are available.

Go deeper: Think drug costs are bad? Try hospital prices

Go deeper

19 mins ago - Health

Coronavirus testing czar: Lockdowns in hotspots "should be on the table"

The Trump administration's coronavirus testing coordinator Adm. Brett Giroir said on ABC's "This Week" that "everything" — including the "stringent lockdowns" that many governors implemented in March and April — should be "on the table" in states where new infections are skyrocketing.

Why it matters: President Trump said in June that the U.S. "won't be closing down the country again" — a view shared by many Republicans who believe that the economic damage caused by stay-at-home orders was too great to justify a second round of lockdowns.

Updated 1 hour ago - Politics & Policy

Coronavirus dashboard

Illustration: Sarah Grillo/Axios

  1. Global: Total confirmed cases as of 8:30 a.m. ET: 12,740,971 — Total deaths: 565,716 — Total recoveries — 7,022,846Map.
  2. U.S.: Total confirmed cases as of 8:30 a.m. ET: 3,247,782 — Total deaths: 134,815 — Total recoveries: 995,576 — Total tested: 39,553,395Map.
  3. Politics: Trump wears face mask in public for first time.
  4. Public health: Fauci hasn't briefed Trump on the coronavirus pandemic in at least two months — We're losing the war on the coronavirus.
  5. States: Louisiana governor issues face mask mandate.
  6. World: India reimposes lockdowns as coronavirus cases soar.
2 hours ago - World

Hundreds of thousands vote in Hong Kong's opposition primaries

Photo: Isaac Lawrence/AFP via Getty Images

Organizers say more than 500,000 Hong Kong residents have voted in primary elections held by pro-democracy opposition groups on Saturday and Sunday, despite fears of a government crackdown under Beijing's draconian new national security law, Reuters reports.

Why it matters: The primaries, which aren't part of the city's official political process, are intended to whittle down the field of pro-democracy candidates in order to avoid splitting the vote against pro-China ruling politicians in September's legislative elections.