News

Congress grilled little-known middlemen over the high cost of prescription drugs. Here’s how they defended themselves.

In February, Congress brought in a group of pharmaceutical CEOs and executives from seven companies to testify about the high price of prescription drugs. On Tuesday, Congress kept the conversation going, this time grilling pharmacy benefit managers, the little-known middlemen responsible for negotiating drug prices. During the hearing executives from […]
Congress grilled little-known middlemen over the high cost of prescription drugs. Here’s how they defended themselves.
News

The DOJ just approved Cigna’s $67 billion merger with Express Scripts

The Department of Justice just cleared Cigna‘s $US67 billion merger with Express Scripts. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. Cigna and Express Scripts said Monday that they expect the […]
The DOJ just approved Cigna’s $67 billion merger with Express Scripts
News

The DOJ is reportedly close to approving 2 healthcare megamergers

The Department of Justice is getting close to approving two healthcare megamergers, The Wall Street Journal reported Wednesday. The mergers – one between the pharmacy CVS Health and the insurer Aetna, and the other between the insurer Cigna and the pharmacy benefit manager Express Scripts – were announced at the […]
The DOJ is reportedly close to approving 2 healthcare megamergers
News

The $67 billion Cigna-Express Scripts merger just passed a key hurdle

Cigna and Express Scripts shareholders have voted to approve the companies’ $US67 billion merger. The deal combines a health insurer and a company that helps negotiate lower prices for prescription drugs in the form of rebates on behalf of health plans. The deal was in jeopardy for a week after […]
The $67 billion Cigna-Express Scripts merger just passed a key hurdle
Markets

‘There’s other s— in the vial’: Bombshell lawsuit claims no one knows exactly what’s in a drug that’s cost the US government over $1 billion

Mallinckrodt Pharmaceuticals’ blockbuster drug Acthar has been one of the biggest drug-related expenses for the government’s Medicare program. In 2015 alone Medicare spent $US500 million on it. The drug is primarily indicated to treat infantile spasms. Medicare is a program for the elderly. One whistleblower claims that Mallinckrodt has engaged […]
‘There’s other s— in the vial’: Bombshell lawsuit claims no one knows exactly what’s in a drug that’s cost the US government over $1 billion
Markets

The biggest healthcare mergers of the year shouldn’t happen — period

The two biggest healthcare mergers of the year so far (CVS and Aetna, Express Scripts and Cigna) would be a disaster for consumers. CVS and Express Scripts have already exhibited predatory behaviour without the added power of being part of health insurers. Making them more powerful is hardly an incentive […]
The biggest healthcare mergers of the year shouldn’t happen  —  period