News for Insurers
Top stories summarized by our editors
8/21/2017

Former HHS Secretaries Kathleen Sebelius, Mike Leavitt and Tommy Thompson urged President Donald Trump and Congress to make insurance market stability their immediate priority by dispelling political and legal uncertainties surrounding cost-sharing reduction payments to health insurers. Thompson urged Trump to hold a health care summit with Republican and Democratic congressional leaders, followed by intensive legislative work until they reach a compromise.

8/21/2017

Insys Therapeutics agreed to a $4.45 million settlement to resolve a lawsuit filed by the Illinois attorney general's office that accused the company of illegally marketing its fentanyl-based cancer pain drug Subsys for off-label uses to high-volume opioid prescribers.

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Reuters
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Insys Therapeutics, Insys
8/21/2017

So far in 2017, 7,350 insurance agents and brokers have registered on HealthCare.gov to sell Affordable Care Act policies for 2018. That number is about 47% of registrations compared to a year ago.

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ACA
8/21/2017

Offering employees onsite health care benefits can save companies money, West Tennessee Healthcare's Corporate Health and Wellness Manager Shelley Hayes told the organization's fourth annual Employer Forum. "Targeting your employee population with different health and wellness solutions is a huge return on investment for employers," Hayes said.

8/21/2017

Researchers surveyed 3,297 mothers of infants ages 2 months to 6 months across the US and found that 57.6% said they intended to put their babies in a supine sleeping position, which is recommended by the American Academy of Pediatrics, but only 43.7% of that group exclusively practiced the sleeping position. The findings were published in Pediatrics.

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2 Minute Medicine
8/21/2017

High-intensity interval training on a bike produced a higher heart rate and level of perceived exertion, along with a greater demand for oxygen, compared with the 7-Minute Workout, according to a study in the journal Strength and Conditioning Research. The 7-Minute Workout matched the intensity of the HIIT routine for parts of the workout but not all of it.

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heart rate
8/21/2017

Legislation in California "would impose the kind of transparency that the Federal Trade Commission and economists say will increase costs by giving drug companies and drugstores unprecedented power to tacitly collude with competitors and raise prices," said Pharmaceutical Care Management Association spokesman Greg Lopes.

8/21/2017

Hikma division West-Ward Pharmaceuticals raised prices on six drugs by 75% to 430%.

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West-Ward Pharmaceuticals
8/21/2017

Matthew Tedesco of Linwood, N.J., and Robert Bessey of Philadelphia face up to 10 years in prison after pleading guilty to conspiracy to commit health care fraud in what authorities described as a $25 million prescription drug scheme in New Jersey. Tedesco and Bessey, who agreed to pay $28,773,907 and $2,693,193 in restitution, respectively, were accused of coordinating phony prescriptions for unneeded drugs and receiving kickbacks from pharmacies.

8/21/2017

The FDA has approved a new oral formulation and an expanded indication for AstraZeneca and Merck's Lynparza ovarian cancer drug, putting the drug on par with Tesaro's Zejula.

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FiercePharma
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Tesaro, AstraZeneca, Merck, FDA