Health care

The cost of unnecessary ER visits

We waste more than $30 billion per year on emergency-room care that could be better delivered in a primary-care setting, according to new data out today from UnitedHealth Group.

By the numbers: According to United's analysis of its own claims data, about two-thirds of ER visits are avoidable, and those visits cost on average $1,800 more than they would at the appropriate venue.

AbbVie blocked competition with patents and M&A to protect sales

Pharma CEOs, including AbbVie's Richard Gonzalez, testify on Capitol Hill. Photo: Win McNamee/Getty Images
Pharma CEOs, including AbbVie's Richard Gonzalez, testify on Capitol Hill. Photo: Win McNamee/Getty Images

Humira is the world’s most profitable drug, but it’s also a prime example of Big Pharma's business model, as Sy Mukherjee lays out well in a big Fortune story.

The big picture: "These companies became like great big record labels: reliant on talent spotters going out and finding new artists," SVB Leerink analyst Geoffrey Porges tells Fortune.