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News You Need to Know Today
Weekly Update: US ranks last | 6% premium hike | Landmark opioid trial | Serious FDA recall | Snapchat ad-click chaos
Sunday, September 22, 2024
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This Week’s News

Study ranks US health system dead last among wealthy nations

Low rankings for accessibility and outcomes earned the country the overall lowest ranking in an analysis of healthcare systems across 10 nations.

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Pricing for coronary artery bypass grafting (CABG) varies significantly throughout the United States, according to new findings published in the Journal of the American Heart Association.[1] Researchers emphasized that higher prices were not necessarily associated with better patient outcomes. Photo by Karolina Grabowska via Pexels
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Study ranks US health system dead last among wealthy nations

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Pricing for coronary artery bypass grafting (CABG) varies significantly throughout the United States, according to new findings published in the Journal of the American Heart Association.[1] Researchers emphasized that higher prices were not necessarily associated with better patient outcomes. Photo by Karolina Grabowska via Pexels
Low rankings for accessibility and outcomes earned the country the overall lowest ranking in an analysis of healthcare systems across 10 nations.
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Companies face 6% spike in insurance premiums, will pass cost onto employees

Without deploying cost-saving measures, the price to provide workers with insurance could rise as much as 9%, a report from Mercer found. 

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Companies face 6% spike in insurance premiums, will pass cost onto employees

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hb_costs.jpg
Without deploying cost-saving measures, the price to provide workers with insurance could rise as much as 9%, a report from Mercer found. 
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CVS subsidiary Oak Street Health fined $60M for kickback scheme

Oak City Health paid $200 for every Medicare Advantage patient refereed to its clinics for services, the U.S Department of Justice said. 

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CVS subsidiary Oak Street Health fined $60M for kickback scheme

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Department of Justice DOJ
Oak City Health paid $200 for every Medicare Advantage patient refereed to its clinics for services, the U.S Department of Justice said. 
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Landmark opioid trial in Baltimore set to begin; Johnson & Johnson settles to avoid jury

Six companies have settled with the city for as total of over $402M. Two remaining defendants, McKesson and AmerisourceBergen, will test their luck in court.

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pain pills opioids
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Landmark opioid trial in Baltimore set to begin; Johnson & Johnson settles to avoid jury

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pain pills opioids
Six companies have settled with the city for as total of over $402M. Two remaining defendants, McKesson and AmerisourceBergen, will test their luck in court.
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Walgreens pays $107M to resolve fraud accusations brought by DOJ

The company was accused of billing the government for prescriptions patients never received. Walgreens said the oversight was a result of a software error. 

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Walgreens pays $107M to resolve fraud accusations brought by DOJ

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The company was accused of billing the government for prescriptions patients never received. Walgreens said the oversight was a result of a software error. 
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Coalition of 86 healthcare groups calls for change to Affordable Care Act rule

In a letter to Congress, the groups are urging lawmakers to support HR 9001 and lift the ban on physician-run hospitals.

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Coalition of 86 healthcare groups calls for change to Affordable Care Act rule

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In a letter to Congress, the groups are urging lawmakers to support HR 9001 and lift the ban on physician-run hospitals.
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AMA study shows four pharmacy benefit managers control 70% of the market

The study from the American Medical Association is based on data from commercial and Medicare Part D plans. The analysis found market share for PBMs is heavily concentrated, leading to higher drug costs. 

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AMA study shows four pharmacy benefit managers control 70% of the market

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The study from the American Medical Association is based on data from commercial and Medicare Part D plans. The analysis found market share for PBMs is heavily concentrated, leading to higher drug costs. 
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FDA issues recall on infusion pump parts due to risk of uncontrollable drug flow

Due to a risk of fatal overdose, the recall is labeled as the most serious of its type. While no patients have died, two have reportedly been injured. 

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Recall
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FDA issues recall on infusion pump parts due to risk of uncontrollable drug flow

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Recall
Due to a risk of fatal overdose, the recall is labeled as the most serious of its type. While no patients have died, two have reportedly been injured. 
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Social media ads led 200K patients to unwittingly drop their insurance

Users on Facebook and Snapchat clicked on ads promising free cash, only to find out their health plan changed.

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Social media ads led 200K patients to unwittingly drop their insurance

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Users on Facebook and Snapchat clicked on ads promising free cash, only to find out their health plan changed.
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Association of 300 telehealth groups urges Congress to extend COVID-era rules

The American Telemedicine Association, an industry lobby representing companies and providers, fears a crackdown from the DEA would harm patients who rely on virtual care to get vital treatments. 

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Association of 300 telehealth groups urges Congress to extend COVID-era rules

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The American Telemedicine Association, an industry lobby representing companies and providers, fears a crackdown from the DEA would harm patients who rely on virtual care to get vital treatments. 
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