Healthcare Economics & Policy

Calico, a biotech firm backed by Google, announced a $1 billion extension to its partnership with AbbVie. Now with $2.5 billion in funding, the venture is aimed at finding cures for aging-related diseases, such as neurodegeneration and cancer.

Prices continue to climb on the Affordable Care Act exchanges, with some estimates calling for 30 percent increases to typical silver-level plans in 2019. But despite the additional challenges faced by individuals on the marketplaces, insurers see clear skies ahead.

After a year of soul searching and strategic review, GE announced its move today to spin off GE Healthcare into a standalone company over the next 12 to 18 months. The goal, the company said, is a leaner corporate structure with substantial reductions in debt.

In a 396-14 vote, the House of Representatives passed the Substance Use-Disorder Prevention that Promotes Opioid Recovery and Treatment (SUPPORT) for Patients and Communities Act, or H.R. 6—bipartisan opioid legislation that aims to curb drug abuse.

While debates about immigration—and the controversial approach to separating families at the southwestern border of the U.S.—dominate the news, advocates warn that children may be at risk for losing healthcare coverage through Medicaid, according to a recent report from Kaiser Health News.

Diabetes advocates and legislators on both sides of the aisle are calling for more transparency and government oversight in the insulin market because of skyrocketing costs.

New data from the Medical Group Management Association (MGMA)’s DataDive Management and Staff Compensation highlights a 19 percent increase in total compensation for nursing staff between 2015 and 2017.

For the first time in 110 years, General Electric won’t be a part of the Dow Jones Industrial Average, after S&P Dow Jones Indices announced the corporate giant will be delisted when the stock market opens June 26.

Blue Cross and Blue Shield of Minnesota and Mayo Clinic will enter into a five-year agreement that will keep all state-wide Mayo Clinic locations within network through 2023.

A majority of millennials—individuals between 18 and 34 years old—are willing to let health insurance companies access their social media, provided their premiums could be lowered, according to a survey from MuleSoft Inc.

PricewaterhouseCoopers released its report on medical cost trends, which estimates numbers for 2019. The good news? Cost increases have leveled off—rising 6 percent in 2019. But for employers, these increasing expenditures do not lead to improved productivity. Medical costs continue to jump, while growth in labor productivity should remain near 1.1 percent for 2019—below the average annual increase of 2.3 percent in recent decades.

After months of statements, speculation, trade talks, tweets and threats, the U.S. government has officially put tariffs in place on $50 billion worth of products imported from China, including medical imaging equipment. X-ray, CT and MRI equipment are all on the list of products included in this announcement.