Latest Prescription drug costs News

Medicare evaluating coverage for $56,000 Alzheimer's drug

Jul. 12, 2021 18:33 PM EDT

WASHINGTON (AP) — Medicare on Monday launched a formal process to decide whether to cover Aduhelm, the new Alzheimer's drug whose $56,000-a-year price tag and unproven benefits have prompted widespread criticism and a congressional investigation. A final decision isn't...

EXPLAINER: Dental, vision and hearing benefits for Medicare

Jun. 26, 2021 08:56 AM EDT

WASHINGTON (AP) — Many working-age people assume that Medicare covers just about every kind of health care that an older person may need. It doesn't. Some of the biggest gaps involve dental, vision and hearing services. Medicare does not cover...

Democrats see springboard for health care in high court win

Jun. 19, 2021 08:44 AM EDT

WASHINGTON (AP) — With the Affordable Care Act now secure in the framework of the nation's health care programs, Democrats are eager to leap above and beyond. They want to expand insurance coverage for working-age people and their families, add new benefits to Medicare...

Colorado health care, prescription drug bills are now laws

Jun. 16, 2021 13:15 PM EDT

DENVER (AP) — Colorado Gov. Jared Polis on Wednesday signed into law legislation requiring insurers to offer a standard state-supervised health plan to people and small business. The law also provides for sanctions for hospitals and other health care providers that don't participate in...

Centene settles Ohio suit alleging Medicaid fraud for $88M

Jun. 14, 2021 15:30 PM EDT

COLUMBUS, Ohio (AP) — Centene Corp. has agreed to pay Ohio $88.3 million to settle a lawsuit alleging the pharmacy benefit manager overbilled the state's Medicaid department for pharmacy services it provided, the state's top lawyer announced Monday. Republican Attorney...

To curb drug prices, Democrats still seeking a balance

Jun. 12, 2021 09:40 AM EDT

WASHINGTON (AP) — Democrats are committed to passing legislation this year to curb prescription drug prices, but they're still disagreeing on how to cut costs for patients and taxpayers while preserving profits that lure investors to back potentially promising treatments. ...

Georgia families hope Alzheimer’s drug helps loved ones

Jun. 12, 2021 00:08 AM EDT

ATLANTA (AP) — Every day Arthena Caston prays for more time. More time to get to know her grandchildren and for them to know their “Iya.” More time to share many Christmases with her family. In March 2016, Caston, who lives...

Medicare copays for new Alzheimer's drug could reach $11,500

Jun. 10, 2021 20:33 PM EDT

WASHINGTON (AP) — A new $56,000-a-year Alzheimer’s drug would raise Medicare premiums broadly, and some patients who are prescribed the medication could face copayments of about $11,500 annually, according to a research report published Thursday. The drug, called...

EXPLAINER: How will insurers cover a new Alzheimer's drug?

Jun. 08, 2021 01:26 AM EDT

Federal regulators have approved the first new drug for Alzheimer’s disease in nearly 20 years, leaving patients waiting to see how insurers will handle the pricey new treatment. Health care experts expect broad coverage of the drug, which was approved Monday. But what...

White House asks court to dismiss lawsuit over drug imports

May. 31, 2021 00:17 AM EDT

TALLAHASSEE, Fla. (AP) — The Biden administration is urging a federal court to dismiss a lawsuit that could stand in the way of Florida and other states importing prescription drugs from Canada. In a legal brief filed Friday, the White House argues that the lawsuit...