Morning Briefing
Summaries of health policy coverage from major news organizations
'Pharmageddon' Staff Walkout Had Low Impact, Say CVS And Walgreens
CVS Health Corp and Walgreens Boots Alliance on Wednesday said that a work action by some U.S. pharmacists this week had minimal impact on operations, with most stores remaining open. CVS Chief Executive Karen Lynch said in an interview that employees had called in sick at a few stores this week, but there were no store closures or disruptions to shifts due to the action. The company has about 30,000 pharmacists across stores and operates over 9,000 retail locations. (11/1)
CVS Health beat third-quarter forecasts thanks partially to its growing pharmacy benefits management side, but the health care giant is cautious about next year. Interim Chief Financial Officer Tom Cowhey told analysts Wednesday that it would be 鈥減rudent for investors to ground their expectations鈥 for adjusted earnings at the low end of a range of $8.50 to $8.70 per share. That鈥檚 also what the company expects for full-year earnings this year. (Murphy, 11/1)
In other pharmaceutical industry news 鈥
A pharmaceutical company and its chief executive 鈥 who once defended Martin Shkreli for raising drug prices to controversial heights 鈥 agreed to pay up to $50 million to settle allegations of purposely underpaying Medicaid rebates. (Silverman, 11/1)
More health care industry developments 鈥
A Chicago nonprofit just got a $9 million donation 鈥 but it almost didn't happen, because the recipient thought the initial call was a scam. Billionaire MacKenzie Scott is the ex-wife of Amazon founder Jeff Bezos. Scott has made it her mission to give away millions to worthy nonprofits. Aunt Martha's helps more than 100,000 people in Illinois every year. It is also the only Federally Qualified Health Center in Illinois that is also licensed by the Illinois Department of Children and family Services for young people in out-of-home placements. (Kraemer, 11/1)
Legislators and health care workers gathered at the state capitol on Wednesday to advocate for increased health care workplace safety measures following the murder of a visiting nurse in Willimantic. The calls for action focused particularly on home settings, where many health care workers are behind closed doors with patients and vulnerable to dangerous conditions, including physical and verbal abuse. (Golvala, 11/1)
Year after year, nurses top the list of the most trusted professions. At the same time, politicians rank at the bottom when it comes to the public鈥檚 trust. That fact didn鈥檛 deter nearly three dozen nurses from participating in a program earlier this year to prepare them to run for public office. (Hoban, 11/2)
Also 鈥
In 2011, a startup called Avolonte Health set up shop in a small office park in Palo Alto, California. ... Avolonte wasn鈥檛 just any health-care company. It was a project of Apple Inc., and its mission came directly from Steve Jobs. Apple鈥檚 co-founder and then-chief executive officer, ill with the pancreatic cancer that would take his life near the end of that year, had tasked a group of his key executives to develop a noninvasive blood sugar monitor. (Gurman and Bennett, 11/1)