Morning Briefing
Summaries of health policy coverage from major news organizations
FTC Finds Top Three PBMs Took In Billions From Inflated Drug Costs
The three largest drug middlemen inflated the costs of numerous life-saving medications by billions of dollars over the past few years, the Federal Trade Commission said in a report Tuesday. The top pharmacy benefit managers (PBMs) 鈥 CVS Health鈥檚 Caremark Rx, Cigna鈥檚 Express Scripts and UnitedHealth Group鈥檚 OptumRx 鈥 generated roughly $7.3 billion through price hikes over about five years starting in 2017, the FTC said. (Kopack and Kaplan, 1/14)
More on the high cost of health care and prescription drugs 鈥
President-elect Trump鈥檚 threat to tariff Denmark if it resists his acquisition plans for the island territory of Greenland could disrupt one export that is wildly popular in America: Ozempic.聽... Danish multinational pharmaceutical giant Novo Nordisk is the sole owner of semaglutide, the active ingredient in both Ozempic and Wegovy. A month鈥檚 supply of Ozempic is close to $1,000 without insurance, though manufacturer coupons and patient assistance programs are available.聽Novo Nordisk was estimated to be responsible for half of Denmark鈥檚 gross domestic product growth聽in 2024.聽(Choi, 1/14)
Nearly half of Americans don鈥檛 believe that the incoming Trump administration will lower health costs, according to a new Gallup poll.聽The research, conducted after the presidential election, found 48 percent of Americans are pessimistic about the new administration鈥檚 ability to lower healthcare costs, while 45 percent feel the same about prescription drug costs.聽But much of the public鈥檚 opinion is colored by partisanship. The poll found 84 percent of Democrats said they think any future policy from the Trump administration on health costs is headed in the wrong direction, along with nearly half of independents. (Weixel, 1/15)
The Baltimore City Board of School Commissioners is suing Eli Lilly and Co., UnitedHealth Group, CVS and several other drug manufacturers for allegedly colluding to inflate the cost of insulin. Baltimore City Schools offers聽health insurance to more than 9,000 employees and their dependents, and one of the benefits is paying a 鈥渟ubstantial share of the purchase price of their pharmaceutical drugs, including the diabetes medication,鈥 according to the complaint. (Karpovich, 1/15)
Novant Health billed a Huntersville dad $41 for a MyChart message exchange about a medication refill, despite a published policy that says prescription refill requests are free. (Crouch, 1/15)聽
Soon after being diagnosed with metastatic breast cancer, Virginia King sat in an outpatient clinic in Santa Fe, N.M, while a nurse injected her with a powerful drug to slow damage to her spine, where the disease had spread. Even though the drug had a list price of about $2,700, the hospital that owned the cancer center billed Mrs. King鈥檚 insurance company $22,700. Her insurer paid $10,000, but the hospital wanted more. She got a bill for over $2,500 鈥 鈥渕ore than half my take-home salary for a month,鈥 said Mrs. King, 65. (Gabler, 1/15)
麻豆女优 Health News: Listen To The Latest '麻豆女优 Health News Minute'
This week on the 麻豆女优 Health News Minute: Small interventions at the doctor鈥檚 office, such as removing a splinter, can be billed as surgeries, and billing problems with the Indian Health Service are leaving Native American communities with significantly higher medical debt than the national average. (1/14)
Also 鈥
The number of Americans receiving psychotherapy increased by 30 percent during the pandemic, as virtual sessions replaced in-person appointments 鈥 but new research dampens the hope that technology will make mental health care more available to the neediest populations. In fact, the researchers found, the shift to teletherapy has exacerbated existing disparities. (Barry, 1/15)
Beth Israel Lahey Health has found a way to save millions of dollars while being a good corporate citizen. The Boston health system reprocesses some devices used in its in-patient settings, operating rooms and labs, sending them off to be reprocessed, made like-new again and then buying back some to use. In 2023, the reprocessing program at its 14 hospitals saved Beth Israel $1.7 million, and supported its goal of keeping 80% of its waste out of landfill or incinerators by 2030. (Dubinsky, 1/14)
Bankrupt hospital chain Prospect Medical Holdings Inc. won court permission to start drawing from its $100 million Chapter 11 financing despite a challenge from landlord Medical Properties Trust Inc. Judge Stacey G.C. Jernigan said late Tuesday she鈥檇 authorized Prospect鈥檚 request after company advisers testified that the hospital operator鈥檚 cash dwindled to about $3 million before filing for protection on Jan. 11. MPT challenged the financing, saying it improperly puts the new debt ahead of its liens. (Ma and Randles, 1/15)