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A Rare Loss for U.S. Pharma Lobby Will Cost the Industry Billions

April 9th, 2018

Bloomberg reports:

“Deep in a budget deal Congress passed earlier this year — just 118 words in Section 53116, a little before passages on prison reporting data and payment yields for seed cotton — was a hit to pharmaceutical companies that will cost them billions, and could signal more losses to come.  Read More..

Scammers Are Using New Medicare Cards to Try to Trick Seniors

April 5th, 2018

The Motley Fool reports:

“If you’re a senior on Medicare, new cards are coming soon. New cards will be mailed out between April 2018 and April 2019, and these new cards will no longer have your Social Security number on them.

Read More..

Medicare Advantage Plans Cleared To Go Beyond Medical Coverage — Even Groceries

April 5th, 2018

The Washington Post reports:

“Air conditioners for people with asthma, healthy groceries, rides to medical appointments and home-delivered meals may be among the new benefits added to Medicare Advantage coverage when new federal rules take effect next year.

Read More..

Medicare Out-of-Pocket Costs You Should Expect to Pay

April 5th, 2018

Yahoo Finance reports:

“Medicare provides valuable health insurance for individuals 65 or older and certain people with disabilities who are under age 65. But it also comes with complex rules and sometimes significant out-of-pocket costs. Here’s what you can expect to pay for Medicare:

Read More..

Trump administration releases association health plan rule

February 2nd, 2018

Axios reports:

“The Department of Health and Human Services has posted its long-awaited proposed rule to make it easier to form “association health plans,” aimed at groups of workers who team up to get better deals on health insurance. Among other things, the rule would encourage these kinds of plans by removing the requirement that says associations have to have a purpose besides health insurance.

The bottom line: The rule says its goal is to help small businesses buy health coverage more easily, but the bigger question is whether they’d pull healthy people out of the Affordable Care Act exchanges.”

Amazon Takes Aim at Disrupting the Healthcare Industry

February 1st, 2018

Consumer Reports reports:

“The e-commerce giant becomes the latest corporation trying to tackle the high cost of employee medical care

Read More..

ACA Marketplace Plan Issues Threaten Consumers’ Financial Well-Being

February 1st, 2018

The Observer reports:

“If you bought health insurance during the Affordable Care Act open enrollment, congratulations. Your major health care needs, known and unknown, should be covered without risk of financial ruin. You may feel you are set until the next open enrollment. But you might actually have more work to do to make sure you are truly protected.

Read More..

Amazon, JPMorgan, Berkshire create new company to tackle health care costs

February 1st, 2018

The Chicago Tribune reports:

Three of corporate America’s heaviest hitters — Amazon, Warren Buffett and JPMorgan Chase — sent a shudder through the health industry Tuesday when they announced plans to jointly create a company to provide their employees with high-quality, affordable care.

The announcement was short on details about precisely what the independent company will do. But given the three players’ outsize influence — and Amazon’s ability to transform just about everything it touches — the alliance has the potential to shake up how Americans shop for health care, and the stocks of insurance companies, drug distributors and others slumped in reaction.

Read More..

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