Healthcare Economics & Policy

A new not-for-profit startup aimed at producing generic drugs will introduce 20 products in 2019, Reuters reported. The supplier, Civica Rx, initially expected to offer just 14 drugs in 2019, but will now likely exceed that after working with companies to produce additional medicines, company officials told Reuters.

The U.S. adult uninsured rate for healthcare reached 13.7 percent at the end of 2018––a four-year high, according to a recent Gallup poll. The findings underscore the actions of the Trump administration to undermine the Affordable Care Act over the last two years.

 

In an effort to curb “unexpected and outrageous bills,” President Trump invited patients and others to the White House to discuss their experiences with such pricing, Kaiser Health News reported. The discussion is part of Trump’s overall goal to impact drug prices and transparency in healthcare.

Walgreens Boots Alliance has settled two fraud cases with the Department of Justice, shelling out $269.2 million. In both cases, which arose from whistleblowers, Walgreens admitted and accepted responsibility for conduct alleged by the government in its complaint under the False Claims Act.

Rural hospitals in the United States have been closing at a rapid clip over the last several years––nearly 100 since 2010, according to one estimate. Another 600-plus rural hospitals are at risk of closing, with many clustered in the 14 remaining states that have not expanded Medicaid under the Affordable Care Act, according to the Pew Institute.

The trade group for the U.S.'s top drugmakers spent a record amount—$27.5 million—on lobbying efforts in 2018, according to Bloomberg.

Medicare payments in 2019 aren’t likely to cover the cost of delivering care for two-thirds of medical practices, according to a survey from the Medical Group Management Association (MGMA).

The average annual cost of managing type 1 diabetes has skyrocketed, with the rising cost of insulin being a main contributor, according to a new issue brief from the Health Care Cost Institute.

CVS Health and Walmart have reached a new, multiyear deal to continue their pharmacy business relationship. CVS announced the agreement Jan. 18, three days after the companies stated they would no longer be in the same network for filling prescription drugs after a pricing dispute.

It was a record-breaking year for global venture capital (VC) funding in digital health, with more than $9.5 billion raised in 698 deals for 2018, according to a report by Mercom Capital Group. The previous record was set last year, with $7.2 billion raised in 778 deals.

The Trump administration’s CMS has proposed a number of changes to the 2020 coverage year, including making changes to the individual health insurance exchange and qualified health plan provisions.

Walgreens Boots Alliance (WBA) has teamed up with technology company Microsoft to develop new healthcare delivery models, the companies announced Jan. 15.