An insurer and health system prominent in Lancaster County have signed a letter of intent for a strategic partnership they say will lead to better care and lower costs. Highmark and WellSpan Health said they are looking to leverage their strengths "to better coordinate care for WellSpan Health patients who are also Highmark Blue Shield members."
The Dow Jones fell sharply on Thursday as the coronavirus stock market correction continues. Stocks across the board whipsawed lower after the Dow gained nearly 1,200 points on Wednesday. Among the major Dow Jones components, JPMorgan Chase and Disney were among the worst performers, each falling more than 4%.
(Reuters) - The United States sued a unit of the drugmaker Mallinckrodt Plc on Tuesday, accusing it of defrauding Medicaid out of hundreds of millions of dollars as a result of “meteoric” price increases for its biggest-selling drug, Acthar Gel.
The U.S. stock market rally Wednesday is very much driven by huge gains in large healthcare insurers, as Joe Biden had an impressive showing on Super Tuesday. The S&P 500 rose as much as 1.76%, with all three major U.S, indexes up considerably as well. importantly, the rally still wasn’t completely risk on, as the 10-year treasury yield continued falling, remaining a touch below 1%, although still with a positive spread over the 3 month’s yield of 0.81%.
It’s no secret the growing prevalence of high-deductible health plans falls hardest on those with chronic diseases. A survey by the Los Angeles Times and the Kaiser Family Foundation found thatpeople covered by an employer high-deductible health plan, who have at least one family member with a chronic disease, are twice as likely to struggle to pay bills, delay care or ration medicine.
About 27.5 million Americans live without health insurance, leaving them vulnerable to high out-of-pocket costs for medical, dental, and vision care. But having insurance in our current system doesn’t mean you’ll avoid exorbitant fees—regardless of how high your premiums and copays are. Americans can pay upwards of $4,000 a year just for healthcare coverage, and, still, their insurance plans might not cover mental healthcare, dental, or life-saving surgeries that insurance companies deem “elective.”