Tag: Price Transparency

HHS Secretary Azar outlines Trump administration’s drug pricing plan | CNBC

HHS Secretary Azar outlines Trump administration’s drug pricing plan | CNBC

Health and Human Services Secretary Alex Azar intensified the Trump administration’s attack on drug middlemen Tuesday, even suggesting the elimination of discounts that critics say inflate pharmaceutical prices. President Donald Trump unveiled his administration’s blueprint to lower drug prices last month. It includes rethinking rebates, or discounts that firms called pharmacy benefit managers negotiate with […]

How early retail health clinics set the stage for today’s mega-mergers | STAT

How early retail health clinics set the stage for today’s mega-mergers | STAT

We did recognize the novelty of health care delivered by the right caregiver, in a convenient setting, at an affordable price that the clinician and the patient both knew. At the time, these concepts were new to health care and we believed that together they held the potential to have long-term influences on how the […]

NJ Passes Healthcare Price Transparency Law to Stop Surprise Bills | RevCycle Intelligence

NJ Passes Healthcare Price Transparency Law to Stop Surprise Bills | RevCycle Intelligence

New Jersey policymakers intend to alleviate the financial burden of surprise medical bills for emergency services by changing provider medical billing practices. For out-of-network services administered on an “emergency or urgent basis,” the law mandates that providers cannot charge in excess of a patient’s deductible, co-payment, or co-insurance amount applicable to in-network services. Health plans […]

Amazon Could Still Disrupt The Prescription Drug Market | Forbes

Amazon Could Still Disrupt The Prescription Drug Market | Forbes

While list prices of drugs in the U.S. continue to grow at an annual clip of around 6%, real or net U.S. drug prices, including discounts and rebates, fell 5.6 percent in the first quarter of 2018. Pharmacy benefit managers (PBMs) appear to be successfully lowering net prices of drugs through higher rebates and co-payment […]

Lawmakers have sights on middlemen blamed for rising drug costs | TheHill

Lawmakers have sights on middlemen blamed for rising drug costs | TheHill

With public outrage growing over the rising costs of prescription drugs, Congress is targeting the middlemen they say are to blame. Specifically, lawmakers are moving to ban “gag clauses” that prohibit pharmacies from telling customers they can save money on a drug if they pay with cash instead of using their health insurance. These clauses […]

MultiBrief: New House bill focuses on Medicare drug price reduction | MultiBriefs

MultiBrief: New House bill focuses on Medicare drug price reduction | MultiBriefs

According to Health and Human Services (HHS) Secretary Alex Azar, “President Trump’s plan to curb drug prices will allow Medicare to negotiate prices in a more aggressive approach.” It is important for Medicare Part D participants to have a level of transparency when it comes to how they are priced for specific drugs that they […]

Medicare Part A will run out of funds in 8 years, Medicare trustee report says | Healthcare Finance News

Medicare Part A will run out of funds in 8 years, Medicare trustee report says | Healthcare Finance News

“Absent a change in the delivery system or level of update by subsequent legislation, access to Medicare-participating physicians may become a significant issue in the long-term under current law,” trustees said. They recommend the consideration of reforms to prevent the widening of this gap. If the health sector cannot transition to more efficient models of […]

Price transparency is sound health-care policy | TheHill

Price transparency is sound health-care policy | TheHill

Americans agree on one thing: health care costs too much, both individually and to our nation. In 1960, the average U.S. health care cost per person was $146. As a nation, we expended $27.2 billion, which represented 5 percent of GDP. Fast forward to 2016 when average per capita spending on health care was $10,348, […]

Conveyancers may have to publish prices, services and… | Estate Agent Today

Conveyancers may have to publish prices, services and… | Estate Agent Today

As the process of making buying and selling more transparent continues to gather pace, the body that regulates conveyancers says it is to mandate firms to publish their service standards and prices online. The Council for Licensed Conveyancers says this is to help consumers make informed choices when they need a lawyer, and to encourage […]

A Surgical Approach To High Prescription Drug Prices | Forbes

A Surgical Approach To High Prescription Drug Prices | Forbes

President Trump’s plan to lower prescription drug costs uses a surgeon’s scalpel to address a range of issues, offering nearly 30 policy recommendations to modernize payment policies, weed out counter-productive regulations, improve price transparency, and expand competitive price negotiations. The plan reflects the complexity of the industry and the regulatory system that governs government approval and […]