Last month, President Joe Biden released his proposed budget for Fiscal Year 2022, and while the document contained a plethora of information, one paragraph in particular has the potential to change millions of lives and save billions of dollars in the process. The paragraph in question outlines President Biden’s support for reforms that would allow Medicare to negotiate the prices for prescription drugs.
Cigna Corp. reported Thursday second-quarter profit and revenue that topped forecasts, amid strength in the health insurers pharmacy business, while growth in customer relationships slowed from the previous quarter. The stock fell 2.8% in premarket trading. Net income fell to $1.47 billion, or $4.25 a share, from $1.75 billion, or $4.73 a share, in the year-ago period.
Rising health insurance costs are leading many more small employers to shift away from Affordable Care Act coverage for their workers, according to a study released Wednesday on the impact of Covid-19 and recent policy changes on small business.
For the better part of a decade, a time bomb has been ticking at Oakland-based Kaiser Permanente — an accumulation of allegations that the giant health plan systematically defrauded Medicare by overstating the severity of its patients’ medical conditions. On July 30, the bomb detonated. That’s when the Department of Justice joined six lawsuits filed by Kaiser employees since 2013 asserting that they witnessed the alleged fraud.
Tensions are near a breaking point between the White House and Gov. Brian Kemp over Kemp’s plan to block Georgians’ access to the Affordable Care Act’s federal health insurance shopping website, healthcare.gov.
Individual rates for health insurance sold in Pennsylvania’s online marketplace will rise an average 2%, and small group coverage rates will increase an average of 4.8% in 2022, if approved by regulators in September.