Latest Prescription drug costs News

White House backs emerging deal on consumer health costs

Dec. 9, 2019 5:34 PM EST

WASHINGTON (AP) — The White House endorsed an emerging bipartisan agreement Monday on legislation aimed at curbing rising health care costs, including taking steps to limit “surprise” medical bills that can plague patients treated in emergency rooms. While the deal's fate remained uncertain,...

UnitedHealth plans bargain bid for Diplomat Pharmacy

Dec. 9, 2019 10:35 AM EST

UnitedHealth plans to acquire Diplomat Pharmacy at a steep discount about a month after the specialty drug provider said it may not be able to make its debt payments. United Health Group's OptumRx said Monday that the company will spend $4 for each share of Diplomat in a cash tender offer. That’s 31%...

West Virginians head to Canada to find affordable insulin

Dec. 9, 2019 7:50 AM EST

MORGANTOWN, W.Va. (AP) — A group of West Virginians left the country Sunday in search of affordable insulin — they went to Canada, where insulin prices are reported to be about a tenth of what it costs people in the United States. Across the border, no prescription is even necessary to purchase the...

Bipartisan Medicare drug bill gets makeover to lower copays

Dec. 6, 2019 9:11 PM EST

WASHINGTON (AP) — A bipartisan Senate bill to curb prescription drug costs for Medicare recipients got a makeover Friday to lower copays and make it easier for seniors to budget for their expenses. The updated legislation unveiled by Sens. Chuck Grassley, R-Iowa, and Ron Wyden, D-Ore., would lower the...

Pelosi sets Medicare showdown on drug costs and new benefits

Dec. 5, 2019 5:02 PM EST

WASHINGTON (AP) — The House will hold a showdown vote next week on Speaker Nancy Pelosi's bill empowering Medicare to negotiate drug prices, expanded Thursday to provide seniors with dental, vision and hearing benefits not currently covered. Leading Democratic committee chairmen said the Congressional...

US report: Prescription drug prices down slightly last year

Dec. 5, 2019 4:03 PM EST

WASHINGTON (AP) — Prices for prescription drugs edged down by 1% last year, a rare result driven by declines for generics and slow, low growth in the cost of brand-name medications, the government said Thursday. Though modest, it was the first such price drop in 45 years, according to nonpartisan economic...

Health program offers free HIV prevention drug to uninsured

Dec. 3, 2019 9:39 AM EST

WASHINGTON (AP) — The government launched a new program on Tuesday to provide an HIV prevention drug for free to people who need the protection but have no insurance to pay for it. Taking certain anti-HIV drugs every day dramatically reduces the chances that someone who is still healthy becomes infected...

Labour says UK health service ‘for sale’ in US trade talks

Nov. 27, 2019 12:41 PM EST

LONDON (AP) — Britain’s health system became a battleground in the country’s election campaign on Wednesday, as opposition Labour Party leader Jeremy Corbyn accused Conservative Prime Minister Boris Johnson of secretly seeking a post-Brexit trade deal with the United States that would drive...

EU drug agency sees rising gang violence amid steady prices

Nov. 26, 2019 5:33 AM EST

LISBON, Portugal (AP) — The European Union agency that monitors drug use says it has detected a trend of escalating violence between gangs operating on the continent. The development of new synthetic drugs and changes to traditional supply routes feeding drugs into Europe are bringing gangs into conflict,...

Medicare drug plan finder can steer seniors to higher costs

Nov. 21, 2019 6:40 PM EST

WASHINGTON (AP) — Medicare’s revamped prescription plan finder can steer unwitting seniors to coverage that costs much more than they need to pay, according to people who help with sign-ups as well as program experts. Serving some 60 million Medicare recipients, the plan finder is the most commonly...