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UnitedHealthcare CFO says high demand for elective care is expected to affect medical cost ratios
Pent up demand among seniors for medical care is expected to affect medical care cost ratios in the second quarter, UnitedHealth Group CFO John Rex said during the Goldman Sachs investor conference, according to Seeking Alpha.
Inflation Reduction Act is destabilizing to investment in drug innovation, execs say
The Inflation Reduction Act has the consequence of limiting investment in new drugs at a time when the science is there to innovate, pharma executives said during a call with J.P. Morgan analysts this week.
National health spending is expected to grow 5.4% annually over the next decade
The Centers for Medicare and Medicaid Services projects that over 2022-2031, average annual growth in National Health Expenditures of 5.4% will outpace average annual growth in gross domestic product of 4.6%, resulting in an increase in the health spe…
Over 1 million people in 21 states disenrolled from Medicaid
At least 1,149,000 Medicaid enrollees have been disenrolled as of June 14, based on the most current data from 21 states, according to the latest
AMA agrees to develop principles on the benefits and consequences of AI-generated medical advice
At the Annual Meeting of the American Medical Association House of Delegates, the nation’s physicians agreed to develop principles and recommendations on the benefits and unforeseen consequences of relying on AI-generated medical advice and content tha…
Sola launches in growing employer self-funded health plan market
Goodroot, which represents numerous companies, has announced the launch of Sola Health, which offers self-funded health plans to employers. While Sola serves groups of all sizes, their primary focus is on those with 25-200 employees.
HHS urges governors to adopt new flexibilities to keep Medicaid members covered
Health and Human Services Secretary Xavier Becerra has sent a letter to governors urging them to adopt new flexibilities to minimize avoidable Medicaid coverage losses among children and families.
AI can help hospitals bill complete medical record
Billing inaccuracies are estimated to cost hospitals billions annually, but physician-trained artificial intelligence can help hospitals recover millions in lost revenue by reducing denials, according to Dr. Michael Gao, CEO and cofounder of SmarterDx….
CMS expands Extra Help program for savings on Medicare Part D premiums and cost-sharing
Beginning January 1, 2024, eligible seniors and people with disabilities will be eligible for additional benefits to lower prescription drug costs through the expansion of the Extra Help program, according to the Department of Health and Human Services.
Walgreens Boots Alliance sells remaining shares of Option Care Health
In the midst of layoffs and two opioid settlements, Walgreens Boots Alliance has announced the sale of its remaining shares of Option Care Health for approximately $330 million
