article thumbnail

The Inflation Reduction Act: The Impact of Medicare Negotiation of Prescription Drug Prices on Hospitals and Health Systems

Electronic Health Reporter

The article The Inflation Reduction Act: The Impact of Medicare Negotiation of Prescription Drug Prices on Hospitals and Health Systems appeared first on electronichealthreporter.com. This article is copyrighted strictly for Electronic Health Reporter.

article thumbnail

Lower Prescription Drug Prices – A Tri-Partisan Call Across America

Health Populi

voters, across the three-party landscape, agree on two healthcare issues this year: coverage of pre-existing conditions, and lowering the consumer-facing costs of prescription drugs. A new poll jointly conducted by Politico and the Harvard Chan School of Public Health bolsters my read on the latter issue – prescription drug pricing, which has become a mass popular culture union. There’s growing evidence that a majority of U.S.

Insiders

Sign Up for our Newsletter

This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.

article thumbnail

Americans Across Political Party Worry About Prescription Drug Prices – Especially to Deal with COVID-19

Health Populi

Nine in ten Americans is concerned about the price of prescription drugs in the wake of the coronavirus pandemic, Gallup and West Health found in their survey on the cost of healthcare, published today. CMS defines specialty drugs as therapies with monthly costs over $670.

article thumbnail

Biden’s proposed HHS budget aims to make pandemic-era subsidies permanent

Healthcare Dive

Released Thursday, the budget also proposes to extend Medicare solvency and give the federal government more power to negotiate prescription drug prices

article thumbnail

Across All Political Parties, Likely Voters Over 50 Favor Cutting Prescription Drug Prices

Health Populi

that are likely to vote in the 2020 Presidential election are keenly interested in lowering the cost of prescription drugs, according to a survey conducted by AARP in February and March 2019. Most people over 50 take prescription drugs daily; one-third take two or three Rx’s regularly, and one in five older people take six or more prescription medicines regularly. consumers pay more for prescription drugs compared with peers in other wealthy countries.

article thumbnail

Senate Dems reach draft deal to extend ACA premiums, lower drug costs

Healthcare Dive

The bill, part of a more than $300 billion package, extends enhanced ACA premiums and allows Medicare to negotiate select prescription drug prices starting in 2026

article thumbnail

Prescryptive Health Acquires Full-Service PBM Northwest Pharmacy Services

HIT Consultant

What You Should Know: – Prescryptive Health , a health tech company empowering consumers with prescription drug pricing data, has acquired Northwest Pharmacy Services Inc, a full-service, non-profit Pharmacy Benefit Manager.

article thumbnail

Monthly Round-Up of What to Read on Pharma Law and Policy

Bill of Health

Food and Drug Administration (FDA) advisory committees, an analysis of the key patents covering drugs recently approved by the FDA, and an examination of high-risk cardiovascular devices approved by the FDA for use in children and adolescents.

article thumbnail

Wasted: $1 of Every $4 Spent on Health Care In America

Health Populi

Pricing failure, with waste ranging $231 bn – $241 bn. The second largest waste component was pricing failure, associated with medication pricing failure (the largest piece of three components), payer-based health services pricing failure, and lab and ambulatory pricing. Pricing failure as a waste-factor accounted for nearly another third of total waste in U.S.

article thumbnail

Vendor Notebook: new tools and acquisitions from OptumRx, ScionHealth, others

Healthcare IT News - Telehealth

OptumRx launched Price Edge, a tool that compares pricing for traditional generic drugs to ensure members get the lowest prescription drug prices. Food and Drug Administration.

article thumbnail

FTC Issues First Financial Penalty for a Health Breach Notification Rule Violation

HIPAA Journal

Yesterday, the FTC issued its first penalty for noncompliance with the Health Breach Notification Rule to the prescription drug provider, GoodRx Holdings Inc, which has been ordered to pay a financial penalty of $1.5

HIPAA 95
article thumbnail

Quick, Accessible, Inexpensive Health Care – A Retail Health Update from Amazon and Dollar General

Health Populi

” These two programs come from outside of the legacy health care system of so-called incumbents — hospitals, health systems, health insurance — leveraging two brand-names beloved to many consumers for convenience, price transparency, and sheer cost.

article thumbnail

New CDC Opioid Guidelines: Too Little, Too Late for Chronic Pain Patients?

Kaiser Health News

“They say things like ‘We don’t treat drug addicts.’” Many have struggled to get opioid prescriptions written and filled since 2016 guidelines from the Centers for Disease Control and Prevention inspired laws cracking down on doctor and pharmacy practices.

Doctors 107
article thumbnail

Magnolia Regional used price transparency IT to get more CHF patients to fill their prescriptions

Healthcare It News

Cost is a major determining factor for patients deciding whether to pick up prescriptions from the pharmacy. But what if prescribers and patients could view prescription drug costs and discuss options at the point of care to avoid "sticker shock" at the pharmacy counter?

article thumbnail

Addressing Lives and Livelihoods with a Whole-of-Government Approach – The First Wave of Biden Health Policy

Health Populi

health citizens support attacking COVID-19 through testing, federal support for vaccines, expanding telehealth, expanding the ACA, and reforming (lowering) prescription drug prices.

article thumbnail

Capital Rx, Independa, and LG TV Partner to Bring Discount Prescription Meds to Older Adults

HIT Consultant

What You Should Know: – Capital Rx is partnering with Independa , a telehealth engagement platform for seniors, to bring its prescription savings card to the older adult population via LG TVs. High Cost of Prescription Meds on Older Adults.

article thumbnail

Comments to CMS Guidance on the Medicare Prescription Drug Inflation Rebate Program Due March 11, 2023

Health Law Advisor

To advance these efforts, CMS established a Medicare Drug Rebate and Negotiations Group dedicated to the IRA and set forth the agency’s intended overarching timeline to implement the various IRA provisions, such as the Medicare Drug Price Negotiation Program and the Part D redesign.

article thumbnail

In 2023, the U.S. Will Still Be the #1 Prescription Drug Spender in the World, IQVIA Forecasts

Health Populi

Today, as Congress kicks off hearings about the cost of prescription drugs in the United States, IQVIA published its 2019 report on The Global Use of Medicine in 2019 and Outlook to 2023. will continue to be the number 1 prescription drug spender in the world to 2023, IQVIA forecasts, shown in the first chart where I clipped the top 20 to 10 top spenders. paid for prescription drugs in 2018, with roughly four times the number of health citizens.

article thumbnail

Democrats Didn’t Achieve All Their Goals, but Inflation Reduction Act Makes Historic Medicare Changes

Kaiser Health News

The giant health care, climate, and tax bill expected to pass the House on Friday and be sent to the president for his signature won’t be as sweeping as the Democrats who wrote it had hoped, but it would help millions of Americans better afford their prescription drugs and health insurance.

Medicare 103
article thumbnail

Gallup Reveals Americans’ Views on Industry Are the Lowest Since 2008 – Implications for Healthcare and Pharma

Health Populi

Grocery stores, in 2021 top of the positively-perceived sectors along with agriculture/farming and restaurants, fell a dramatic 14 points — probably due to food shoppers confronting high prices at the food chain. Americans’ positive views of 25 industries in the U.S.

article thumbnail

Most Americans Across Party ID Favor U.S. Government Negotiation to Lower Rx Drug Costs

Health Populi

is prescription drug prices — that they’re too high, that the Federal government should negotiate to lower costs for Medicare enrollees, and that out-of-pocket costs for drugs should be limited. It’s not that patients who take prescription drugs don’t appreciate them – most (58%) say medicines have made their lives better, but most — 8 in 10 people — believe Rx costs are unreasonable.

article thumbnail

KHN’s ‘What the Health?’: Drug Price Bill Is a Go in the Senate

Kaiser Health News

But work continues, particularly on a Senate bill that could, for the first time, allow Medicare to negotiate prescription drug prices and cap seniors’ out-of-pocket medication costs. Pharma Cash To Congress Podcasts Prescription Drugs Texas U.S.

article thumbnail

How Will the “New” Health Economy Fare in a Macro-Economic Downturn?

Health Populi

Aside from care for COVID-19, volumes are down except for services related to mental and behavioral health (with rates of mental health prescribing increasing for antidepressant and anti-anxiety drugs). On the supply side, these health care incumbents are also faced with growing competition for some aspects of their services from new entrants, competing on the basis of price and programs. That level of service and price satisfaction builds health consumers’ loyalty and trust.

article thumbnail

Support for Drug Price Negotiation Brings Partisans Together in the U.S.

Health Populi

adults across political parties favor allowing the Federal government authority to negotiate for drug prices — even after hearing the arguments against the health policy. The post Support for Drug Price Negotiation Brings Partisans Together in the U.S. Most U.S.

article thumbnail

The Reputation of Pharma Among U.S. Consumers Is Tied More to Pricing Than to Innovation

Health Populi

price and the cost of medicines is tied to how people feel about the pharma industry, evidenced in the Global Pharma Study 2023 from Caliber. though, price trump everything for trust — including safety and innovation which ranked second in a virtual tie. In the U.S.,

article thumbnail

Growing Support for Medicare for All – But Do People Really Understand What It Means?

Health Populi

In fact, Democrats’ keen concern for several health care issues — at the top of that list, prescription drug prices, guaranteed coverage for pre-existing conditions, and women’s health care access — drove many voters to the polls in the 2018 mid-term elections. And, Part D, which covers prescription drugs, is an add-on to Medicare sold through private insurance companies for an average of just under $40.

article thumbnail

New York Enacts Landmark Legislation Regulating PBMs

Health Care Law Brief

On December 31, 2021, New York Governor Kathy Hochul signed landmark legislation to increase the transparency of prescription drug pricing and to establish requirements on pharmacy middlemen. Price transparency.

article thumbnail

Drug Price Transparency: Planning for Change

HIT Consultant

Currently, some 22 states have enacted prescription drug transparency laws that require entities across the drug supply chain to report pricing information to state officials. of adults have delayed refilling a prescription after running out, and 16.4%

article thumbnail

Spending on Medicines In and Post-COVID Say a Lot About Patients and Larger Healthcare Trends – an IQVIA Update

Health Populi

Between 2021 and 2025, the annual growth global growth rate for prescription drugs spending is expected to range from 3% to 6%, a $1.6 As such, the debate on prescription drug pricing in the U.S.

article thumbnail

The United States of Diabetes: a $1,240 Tax on Every American

Health Populi

Congress this week on the topic of prescription drug costs. In typical markets, as products mature and get mass adoption, prices fall. But then prescription drug pricing doesn’t conform with how typical markets work in theory. So would rational drug pricing for the key supply item people with diabetes need: insulin. “No He said, “I’m going to bring down drug prices. I don’t like what’s happening to drug prices.”

article thumbnail

Healthcare Policies We Can Agree On: Pre-Existing Conditions, Drug Prices, and PillPack – the June 2018 KFF Health Tracking Poll

Health Populi

Among various specific health care factors, protecting pre-existing conditions is highly important for voters across political party, followed by passing legislation to reduce the price of prescription drugs. Another unifying health care issue is prescription drug prices, which KFF has tracked for several years. Most voters across party have told previous KFF polls they believe in more government regulation or intervention on drug costs.

article thumbnail

CMS.gov - Untitled Article

CMS.gov

Under the leadership of President Trump, CMS is committed to lowering prescription drug prices for all Americans. A key component of our strategy is strengthening competition among generic and biosimilar medicines

article thumbnail

Americans’ Trust in U.S. Healthcare Lags Tech — and Women Are Particularly Cynical

Health Populi

At the same time, women have borne a “pink tax” for household goods and, indeed, healthcare prices, a topic I covered here in the Huffington Post a while ago in an essay I titled, “The Gender Disparity of Taxes: Toys, Tech and Tampons.” This data point gives further impetus to prescription drug price hearings in Congress and various proposals promulgated on Capitol Hill to address the cost of medicines.

article thumbnail

Will Consumers Cross the Cost-and-Trust Chasm Between Prescription Drugs and Hospitals?

Health Populi

rank prescription drugs, lab tests, emergency room visits, dental and vision care, preventive services, chronic disease management and mental health care as the “most essential” health care services, according to the 2019 Survey of America’s Patients conducted by The Physicians Foundation. When asked what factors contribute to rising health care costs in America, most consumers cite the cost of prescription drugs. People in the U.S.

article thumbnail

Americans’ Top Sources of Stress are Money, Money, Money and Family

Health Populi

Cost concerns create barriers for some people who don’t visit doctors or fill/take prescription drugs: 27% of Americans cancelled a medical appointment due to expected health care costs, and 22% said they did not take their prescription meds in the past year because the cost of the drugs was too high, TransAmerica’s survey found.