Toms River fire destroys home on Keats Avenue
Toms River, NJ – A major house fire broke out Sunday afternoon on Keats Avenue, drawing a large response from all Toms River mainland fire …
Search Results for: PBMs
New Jersey judge rejects buyers’ bid to revive dismissed claims in insulin pricing fight
Trenton, NJ – A federal judge has denied consumers’ request to reconsider part of a ruling that trimmed their sweeping challenge to the alleged insulin …
New Jersey announces new prescription ‘equity’ pricing bill
TRENTON, NJ — A new bill introduced in the New Jersey Senate aims to set minimum reimbursement rates for pharmacies serving Medicaid patients and ensure …
Hobbs Man Arrested for Illegal Sale of Automatic Weapon Conversion Devices and Silencer
The criminal complaint alleges that undercover agents from the Lea County Drug Task Force purchased two Glock switches and one silencer from Tevon Wayne Davis …
Orlando Man Charged With Drug Trafficking
According to court documents, a federal search warrant was executed on April 9, 2024, at two residences – one in Orlando and one in Ocoee …
Biden, Senator Bernie Sanders push companies to cut cost of asthma inhalers, prescription drugs
By Steve Holland and Nandita Bose WASHINGTON (Reuters) -President Joe Biden hosted a White House event with U.S. Senator Bernie Sanders on Wednesday to tout …
Philadelphia DA Files Lawsuit Against Insulin Manufacturers for Price Gouging
PHILADELPHIA, PA – District Attorney Larry Krasner announced on Monday a significant legal move against nearly 20 pharmaceutical companies and pharmacy benefit managers (PBMs) for …
US Senate Democrats grill pharma CEOs on drug prices
By Ahmed Aboulenein WASHINGTON (Reuters) – U.S. Senate Democrats grilled three top pharmaceutical executives over the high cost of prescription drugs on Thursday but failed …
Eli Lilly to offer low-cost insulin, donate to clinics in Minnesota settlement
By Jonathan Stempel and Brendan Pierson (Reuters) -Eli Lilly agreed to provide low-cost insulin to patients and donate free insulin to clinics, to settle a …
Tyson Foods drops CVS for startup to manage staff pharmacy benefits
By Christy Santhosh (Reuters) -Tyson Foods has dropped CVS Health as its pharmacy benefit manager and replaced it with Rightway, the startup said on Wednesday, …
Rite Aid gets court approval for $575 million Elixir sale
By Dietrich Knauth NEW YORK (Reuters) – Pharmacy chain Rite Aid Corp on Tuesday received bankruptcy court approval to sell its Elixir pharmacy benefit manager …
Eli Lilly obesity drug now available in US pharmacies
By Patrick Wingrove and Manas Mishra (Reuters) -Eli Lilly on Tuesday said its recently approved obesity treatment Zepbound is now available in U.S. pharmacies and …
CVS sees upbeat 2024 revenue, plans to simplify drug pricing process
By Leroy Leo and Mariam Sunny (Reuters) -CVS Health on Tuesday forecast 2024 revenue above market estimates and said it would simplify the structure through …
US health insurers Humana, Cigna in talks to merge -source
By Anirban Sen and Deena Beasley (Reuters) -U.S. health insurer Cigna is in talks to merge with peer Humana, a source familiar with the matter …
CVS tempers 2024 profit forecast on elevated medical costs, shares fall
By Leroy Leo and Mariam Sunny (Reuters) -CVS Health Corp tempered its forecast for 2024 earnings on Wednesday to account for potentially higher medical costs …
Helena man admits possessing unregistered machine gun
GREAT FALLS — A Helena man today admitted to a firearms crime after law enforcement found an unregistered machine gun, along with other firearms and …
‘More Regulations’: Rift Emerges Among GOP Senators Over Bernie Sanders’ Drug Price Bill
‘More Regulations’: Rift Emerges Among GOP Senators Over Bernie Sanders’ Drug Price Bill Mary Lou Masters on September 13, 2023 Independent Vermont Sen. Bernie Sanders …
Blue Shield of California looks to cut reliance on CVS, taps Amazon
By Bhanvi Satija and Patrick Wingrove (Reuters) -Blue Shield of California plans to stop using most of CVS Health’s pharmacy benefit management services and work …
Biden’s Burdensome Regulations Are Contributing To Lackluster Economic Productivity, Experts Say
Biden’s Burdensome Regulations Are Contributing To Lackluster Economic Productivity, Experts Say Will Kessler on August 7, 2023 Labor productivity reached 1.3% growth year-over-year for the …
AbbVie trims forecast for Humira sales drop on favorable coverage
By Leroy Leo and Patrick Wingrove (Reuters) -AbbVie on Thursday trimmed its 2023 view for declining sales of its flagship arthritis drug Humira despite new …
Analysis-Launch of arthritis drug biosimilars ramps up US pressure on pricing ‘middlemen’
By Patrick Wingrove (Reuters) – Cheaper versions of one of the most costly and widely used arthritis treatments in the U.S. are likely to fuel …
US FTC expands probe into pharmacy benefit managers
(Reuters) -The U.S. Federal Trade Commission said it had sought information from two privately held companies that negotiate drug rebates on behalf of pharmacy benefit …
Insulin makers testify on Capitol Hill over prices
By Ahmed Aboulenein WASHINGTON (Reuters) – Leaders of major insulin makers and pharmacy benefit managers (PBMs) traded blame for the life-saving drug’s high price on …
CVS digs into primary care with $9.5 billion Oak Street Health deal
By Bhanvi Satija and Raghav Mahobe (Reuters) – CVS Health Corp will buy Oak Street Health Inc for about $9.5 billion in cash, joining rivals …
Cigna expects revenue gains from launches of Humira biosimilars
By Leroy Leo (Reuters) -Cigna Corp expects its pharmacy benefit management unit to earn more from the second half of 2023 as makers of cheaper …
AbbVie’s Humira gets a U.S. rival, but costs could stay high
By Patrick Wingrove (Reuters) – U.S. patients will finally get access to cheaper versions of AbbVie Inc’s blockbuster arthritis drug Humira this year, but the …
Mark Cuban’s pharmaceuticals startup ties up with RxPreferred
(Reuters) – Billionaire entrepreneur Mark Cuban’s pharmaceuticals startup has tied up with pharmacy benefits manager RxPreferred Benefits, the companies said on Wednesday, in a move …
MURDOCK: Meet The Senate’s Spendthrift Seven — IRS Agents’ Best Friend And Taxpayers’ Worst Enemy
MURDOCK: Meet The Senate’s Spendthrift Seven — IRS Agents’ Best Friend And Taxpayers’ Worst Enemy Deroy Murdock on November 6, 2022 Aug. 7 was a …
Hiring and data: how the U.S. will set up new Medicare drug price talks
By Ahmed Aboulenein WASHINGTON (Reuters) – The U.S. government will soon begin hiring experts and collecting the data needed to launch direct negotiations over prescription …
PRICE: Here’s How The Inflation Reduction Act Breaks The Prescription Drug Pipeline
PRICE: Here’s How The Inflation Reduction Act Breaks The Prescription Drug Pipeline Former Rep. Tom Price on August 16, 2022 The pharmaceutical innovation pipeline, which …
WILCOX: Until We Reform Prescription Drug Pricing, Cash Is King
WILCOX: Until We Reform Prescription Drug Pricing, Cash Is King Terry Wilcox on July 15, 2022 Senate Democrats are currently coalescing around a slimmed-down Build Back …
CARTER: Democrats’ Heads Are In The Clouds When It Comes To Lowering Drug Prices
CARTER: Democrats’ Heads Are In The Clouds When It Comes To Lowering Drug Prices Rep. Buddy Carter on July 10, 2022 Republicans have a plan …
Surging drug prices targeted in U.S. study of pharmacy giants
By Diane Bartz and Leroy Leo (Reuters) -The U.S. Federal Trade Commission is looking into how big pharmacy benefit managers like CVS Caremark affect pricing …
Pharmacy benefit managers’ profits targeted by new U.S. bill
WASHINGTON – Senators Maria Cantwell, chair of the Commerce Committee, and Chuck Grassley, the top Republican on the Judiciary Committee, introduced a bill on Tuesday …
This week, a federal judge in Greeneville, Tennessee, sentenced seven individuals and seven related corporate entities for their roles in a multimillion-dollar health care fraud …
Defendants Sentenced In Tennessee For Multimillion-Dollar Nationwide Telemedicine Pharmacy Fraud Scheme
GREENEVILLE, Tenn. This week, a federal judge in Greeneville, Tennessee, sentenced seven individuals and seven related corporate entities for their roles in a multimillion-dollar health …
A federal judge in Greeneville, Tennessee, sentenced two Florida men for their roles in a multimillion-dollar health care fraud scheme. Peter Bolos, 44, of Tampa, …
Arkansas sues drugmakers, pharmacy benefit managers over insulin costs
By Brendan Pierson (Reuters) -Arkansas’s attorney general on Wednesday accused drugmakers and pharmacy benefit managers of colluding to drive up the price of insulin drugs, …
New Orleans Man Sentenced to Twenty-Eight Months of Imprisonment for Health Care Fraud Scheme
NEW ORLEANS – The U.S. Attorney for the Eastern District of Louisiana, Duane A. Evans announced that JOSEPH CAMPO (“CAMPO”) was sentenced on April 14, …
Metairie Man Sentenced to Three Years of Probationfor Health Care Fraud Scheme
NEW ORLEANS – The U.S. Attorney for the Eastern District of Louisiana, Duane A. Evans, announced that MARIO DELUCA (“DELUCA”) has been sentenced on April …
U.S. health insurer Anthem plans to rebrand as Elevance Health
– Anthem Inc said on Thursday it intends to change its name to Elevance Health Inc, as the company looks to shift its focus beyond …
U.S. FTC seeks comments on how benefits managers affect small pharmacies
By Diane Bartz WASHINGTON – The U.S. Federal Trade Commission said on Thursday it was seeking public comment on how pharmacy benefit managers (PBMs) affect …
U.S. FTC eyes rule to claw back money from companies that lie about gig worker earnings
WASHINGTON – The U.S. Federal Trade Commission, which enforces consumer protection rules, voted on Thursday to embark on regulations that would allow it to win …
Owner Of Blair Pharmacy Sentenced to a Year and a Day in Federal Prison for Providing Illegal Payments to Independent Marketers to Induce Them to Refer Business to His Pharmacy
Baltimore, Maryland – U.S. District Judge Ellen L. Hollander today sentenced Matthew Edward Blair, age 48, of Timonium, Maryland, to a year and a day …
Owner of Blair Pharmacy Pleads Guilty to Providing Illegal Payments to Independent Marketers to Induce Them to Refer Business to His Pharmacy
Baltimore, Maryland – Matthew Edward Blair, age 48, of Timonium, Maryland, pleaded guilty today to payment of illegal remunerations to encourage independent marketers to refer …
Tulare jury finds Jeremy Kechloian guilty of 2018 Kmart murder
Tulare County juries have found Visalia man Jeremy Kechloian, age 47, guilty of the 2018 murder of a man at the former Visalia Kmart store …
Two Plead Guilty to Health Care Fraud Scheme
NEW ORLEANS – U.S. Attorney Duane A. Evans announced DONALD PETER AUZINE (“AUZINE”) and BONNIE JEAN LAWLESS DIAZ (“DIAZ”) have each pled guilty in federal …
54-year-old shot last night in Columbus in critical condition
COLUMBUS, OH – On May 2, 2021, at 10:0 1pm, Columbus Police Patrol Officers were dispatched to 4652 Glen Grove Lane on a report of …
Hours after locking down Los Angeles, county supervisor who voted for ban goes out to dinner in Santa Monica
LOS ANGELES, CA – Hours after declaring a total lockdown in Los Angeles, County Supervisor Sheila Kuehl, who had just voted to ban outdoor dining …