Healthcare provider Nascentia Health says it has been forced to lay off dozens of its staff in Syracuse and elsewhere around Upstate New York because of state Medicaid spending cuts that will cost it $400 million in revenue this year.
A few weeks ago, Perla Ni went to the Stanford Health Care hospital system for a breast biopsy. Days later she was given the procedure’s price: $143,396.66. I know everything costs more in California, but this was ridiculous. I’ve performed hundreds of those operations. They take about 45 minutes.
A coalition of consumer groups and unions hopes to convince the Federal Trade Commission to alter the terms of AbbVie’s (ABBV) proposed $63 billion acquisition of Allergan (AGN) by arguing the deal — as currently conceived — would thwart competition and unfairly maintain higher drug prices for consumers.
A financial services company accused in the U.S. District Court in Johnstown by UPMC of malpractice stated in a pretrial document that the hospital suffered no financial damages despite a company report that allegedly understated UPMC’s pension liability.
Hospital and healthcare workers across the US are launching union drives and organizing protests in order to win higher wages and better working conditions, saying their industry exploits them and leaves them often unable to afford healthcare, despite working in the sector.
A former senior executive at Novartis AG generics unit Sandoz pleaded guilty on Friday for conspiring to fix prices of generic drugs, the latest in a long-running U.S. criminal antitrust probe. Hector Armando Kellum, who was responsible for overseeing generic-drug prices and contracts at Sandoz, a New Jersey-based generic and biosimilar company run by the Swiss pharmaceutical giant, pleaded guilty to conspiring with other drug executives to fix prices from 2013 to 2015.