Report: Health Law Ups Taxes On Insurers With Big Pay Packages

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While average compensation for top health insurance executives hit $5.4 million each last year, a little-noticed provision in the federal health law sharply reduced insurers’ ability to shield much of that pay from corporate taxes, says a report out today. As a result, insurers owed at least $72 million more to the U.S. Treasury last […]

Advocacy Groups Say Medicare Should Negotiate With Drugmakers

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Medicare could save billions if Congress overcame its reluctance to anger the drug industry and allowed the program to demand rebates or negotiate prices, Rep. Henry Waxman, D-Calif., said Wednesday. He added that’s something polls show many Americans support. Expensive new blockbuster drugs, such as a $1,000-a-pill hepatitis C treatment called Sovaldi, highlight the need to […]

Premiums For Many In The Individual Market May Change Next Year

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Health insurance premiums for people with subsidies could increase substantially in some markets – but consumers who shop around may not end up paying more, a new report out Thursday says. Shopping around may not be as likely, however, under proposed rules also released Thursday by the Obama administration which will automatically re-enroll the vast majority […]

Consumer Group Urges Hospitals To Stop Promoting Questionable Screenings

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Consumer advocacy group Public Citizen on Thursday called on 20 hospital systems to stop partnering with companies that offer low-cost screenings for heart disease and stroke risk, saying the promotions are “unethical” and the exams are more likely to do harm than good. In recent years, more hospitals have paired with firms offering such testing packages, partly to […]

‘National Dialogue’ Urged On Cost Of New Hepatitis C Drug

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The outcry continues over the $1,000-a-pill hepatitis C drug made by California-based Gilead Sciences. While the drug is a significant advance over older treatments for the viral liver disease, the price set by the company “represents an abuse of market power,” said John Rother, president and CEO of the National Coalition on Health Care, which […]

IRS Urged To Broaden Preventive Coverage In High-Deductible Plans

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High deductible health plans paired with tax-free savings accounts — increasingly common in job-based insurance and long a staple for those who buy their own coverage – pose financial difficulties for people with chronic health problems. That’s because they have to pay the annual deductible, which could be $1,250 or more, before most of their medications […]