Latest Prescription drug costs News

$3.5M gene therapy for hemophilia gets FDA approval

Nov. 22, 2022 18:23 PM EST

WASHINGTON (AP) — U.S. health regulators on Tuesday approved the first gene therapy for hemophilia, a $3.5 million one-time treatment for the blood-clotting disorder. The Food and Drug Administration cleared Hemgenix, an IV treatment for adults with hemophilia B, the less common...

Biogen tabs veteran pharma leader Viehbacher as next CEO

Nov. 10, 2022 11:09 AM EST

Biogen has picked former Sanofi CEO Christopher Viehbacher to become its next leader, as the drug developer continues to recover from its failed launch of the Alzheimer’s treatment Aduhelm. The company said Thursday that the 62-year-old Viehbacher will become president and CEO on...

New Hampshire Democrats Pappas, Kuster reelected to Congress

Nov. 09, 2022 01:27 AM EST

CONCORD, N.H. (AP) — Democrats Annie Kuster and Chris Pappas both won reelection to Congress in New Hampshire’s 1st and 2nd Districts, defeating two pro-Trump Republicans. Pappas defeated Karoline Leavitt, who worked in the White House press office under former President Donald...

How to change Medicare plans — and why you might want to

Oct. 18, 2022 15:11 PM EDT

Medicare open enrollment starts soon, but 7 in 10 Medicare beneficiaries say they don’t compare Medicare plans during this period, according to a 2021 analysis by KFF, a health policy nonprofit. That’s not great, since Medicare Advantage plans — which operate much like the...

Biden pushing lower prescription drug costs in midterm press

Oct. 14, 2022 22:36 PM EDT

IRVINE, California (AP) — President Joe Biden is highlighting his administration’s efforts to lower prescription drug costs on Friday as part of his three-state Western tour this week, as he confronts a sobering inflation report in the waning weeks before midterm elections. Biden...

Black representation in Alabama tested before Supreme Court

Oct. 03, 2022 05:16 AM EDT

MONTGOMERY, Ala. (AP) — The invisible line dividing two of Alabama's congressional districts slices through Montgomery, near iconic sites from the civil rights movement as well as ones more personal to Evan Milligan. There’s the house where his grandfather loaded people into his...

NIH to fund unproven ALS drugs under patient-backed law

Oct. 01, 2022 08:03 AM EDT

WASHINGTON (AP) — When patients with a deadly diagnosis and few treatment options have tried to get unapproved, experimental drugs, they have long faced a dilemma: Who will pay? Responsibility for funding so-called compassionate use has always fallen to drugmakers, though many are...

Progressive Democrats frustrated with 2022 primary losses

Sep. 28, 2022 00:09 AM EDT

NEW YORK (AP) — With less than two months until the midterm elections, progressive Democrats are facing a test of their power. Their party is heading into the final stretch of the campaign with a robust set of legislative accomplishments that include long-term progressive...

Millions of Americans will save on Medicare fees next year

Sep. 27, 2022 18:00 PM EDT

WASHINGTON (AP) — For the first time in a decade, Americans will pay less next year on monthly premiums for Medicare’s Part B plan, which covers routine doctors’ visits and other outpatient care. The rare 3% decrease in monthly premiums is likely to be coupled with a...

Nevada gov. announces digital prescription discount card

Sep. 22, 2022 21:02 PM EDT

RENO, Nev. (AP) — Nevada's governor on Thursday said the state is launching a prescription discount card, a method of softening the rising costs of medications that is also used in Washington and Oregon. The digital card, called ArrayRX, saves an average of 80% on generic...