Latest Prescription drug costs News

Dems want to tax high earners to protect Medicare solvency

Jul. 07, 2022 05:43 AM EDT

WASHINGTON (AP) — Senate Democrats want to boost taxes on some high earners and use the money to extend the solvency of Medicare, the latest step in the party's election-year attempt to craft a scaled-back version of the economic package that collapsed last year, Democratic aides told The...

Editorial Roundup: Minnesota

Jul. 06, 2022 10:25 AM EDT

Minneapolis Star Tribune. June 30, 2022. Editorial: Minnesota’s smart step to ease access to COVID drug The state is using an innovative strategy to fill Paxlovid prescriptions. Other states are lagging or worse. A pioneering move to ease access to a...

McConnell warns Dems of fallout for reviving Biden bill

Jun. 30, 2022 20:22 PM EDT

WASHINGTON (AP) — Senate Republican leader Mitch McConnell threatened Thursday to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled package of energy and economic initiatives. The rejuvenation of the Democratic...

High court rules against government on drug reimbursement

Jun. 15, 2022 12:42 PM EDT

WASHINGTON (AP) — The Supreme Court said Wednesday that the federal government improperly lowered drug reimbursement payments to hospitals and clinics that serve low-income communities, a reduction that cost the facilities billions of dollars. The high court ruled unanimously in a...

Liz Weston: How to afford your meds and support your health

Jun. 13, 2022 09:03 AM EDT

The cost of prescription drugs in the U.S. can be enough to make you sick. What you pay varies enormously depending on the drug, the pharmacy, your insurance plan and your deductible, among many other factors. A drug that may have been cheap or at least affordable the last time you...

Medicare recipients to see premium cut — but not until 2023

May. 27, 2022 18:37 PM EDT

WASHINGTON (AP) — Medicare recipients will get a premium reduction — but not until next year — reflecting what Health and Human Services Secretary Xavier Becerra said Friday was an overestimate in costs of covering an expensive and controversial new Alzheimer's drug. ...

Arkansas sues drug companies over high insulin prices

May. 11, 2022 16:55 PM EDT

LITTLE ROCK, Ark. (AP) — Arkansas on Wednesday sued several drug manufacturers and pharmacy benefit managers over the cost of insulin for diabetes, accusing the companies of conspiring to inflate the price of the medication. The lawsuit filed in state court accuses manufacturers...

COVID coverage for all dries up even as hospital costs rise

May. 06, 2022 00:04 AM EDT

WASHINGTON (AP) — For the first time, the U.S. came close to providing health care for all during the coronavirus pandemic — but for just one condition, COVID-19. Now, things are reverting to the way they were as federal money for COVID care of the uninsured dries up, creating a...

COVID coverage for all dries up even as hospital costs rise

May. 05, 2022 18:21 PM EDT

WASHINGTON (AP) — For the first time, the U.S. came close to providing health care for all during the coronavirus pandemic — but for just one condition, COVID-19. Now, things are reverting to the way they were as federal money for COVID care of the uninsured dries up, creating a...

Change at the top for Biogen after Alzheimer's drug flops

May. 03, 2022 13:29 PM EDT

Biogen will replace its CEO and largely abandon marketing of its controversial Alzheimer's drug Aduhelm less than a year after the medication's launch triggered a backlash from experts, doctors and insurers. CEO Michel Vounatsos will continue to lead the Biogen until a successor is...