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Rite Aid comes out of Chapter 11 bankruptcy
The Rite Aid Corporation said it has successfully completed its financial restructuring and emerged from Chapter 11 bankruptcy, cutting about $2 billion worth of total debt and adding $2.5 billion in exit financing.
The company said it would now have a…
Large PBMs control 70% of the market, report finds
Newly published data suggests low competition among middling players in the pharmaceutical supply chain, with numbers showing that the four largest pharmacy benefit managers in the country control roughly 70% of the national market.
Evernorth making Stelara biosimilar available for $0 out-of-pocket
Evernorth Health Services, a subsidiary of Cigna, plans to have a Stelara biosimilar available for $0 out-of-pocket cost for eligible patients of its specialty pharmacy, Accredo, beginning in early 2025.
Feds’ final rules address equitable access to mental health benefits
In a push to shore up access to mental health and substance use disorder care, the departments of Labor, Health and Human Services and the Treasury have issued final rules meant to clarify protections and expand equitable access to those benefits.
Elevance subsidiary Wellpoint adding ACA plans in three states
Floridians looking for individual or family health plans will have new options from Elevance Health subsidiary Wellpoint during open enrollment for coverage beginning January 2025.
The company will be debuting new individual marketplace plans in three …
Henry Ford, Ascension Michigan to launch combined organization on October
Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on September 30 and launch their newly combined organization on October 1.
The joint venture will bring together Ascension’s southeast Michigan and Gen…
Henry Ford, Ascension Michigan to launch combined organization on October
Henry Ford Health and Ascension Michigan today announced plans to close their proposed joint venture on September 30 and launch their newly combined organization on October 1.
The joint venture will bring together Ascension’s southeast Michigan and Gen…
Mayo Clinic launching AI education program
Minnesota-based Mayo Clinic is launching a new artificial intelligence education program using $10 million in funds from the Harper Family Foundation.
The Mayo Clinic Harper Family Foundation Artificial Intelligence Education in Medicine Program will t…
Former HHS leader joins Stanford Health Care as chief health equity officer
Stanford Health Care, based out of Palo Alto, California, has tapped Health and Human Services official Dr. Nazleen Bharmal to serve as its first chief health equity officer.
Bharmal, who begins her new role effective this month, will also join the Dep…
Prescription drug spending grew even after rebates
Speaking to a lack of transparency in pharmaceutical pricing, a new Health Affairs study has found that, over time, out-of-pocket drug prices for consumers have grown more quickly than those encountered by insurers.
