Arthur Allen| KFF Health News. Medicare and Medicaid patients will make up 92% of the market for lecanemab, according to Eisai Co., which sells the drug under the brand name Leqembi. In addition to the company's $26,500 annual price tag for the drug, treatment could cost U.S. taxpayers $82,500 per patient per year, on average, for genetic tests and frequent brain…
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Hospitals are scrambling to halt a nearly $1 billion cut the Biden administration made to their Medicare payments for treating low-income and uninsured patients. Why it matters: The reduction to fiscal year 2024 payments announced earlier this month was far larger than what Medicare had originally proposed, catching hospitals by surprise. And though Medicare already finalized the…
Yet earlier this month, a board appointed by Florida Gov. Ron DeSantis to govern Disney's special tourism district voted to outlaw all DEI programs and job duties. That parallels an effort by Texas Gov.
Goldman Sachs predicts that rate cut relief won't come until the second quarter of next year as the Federal Reserve scrambles to tame inflation despite worries that the US economy is growing increasingly wobbly. The report notes Fed Chair Jerome Powell will likely err on the side of caution and make sure inflation has abated before enacting additional cuts.
However, recent data from Bank of America has revealed an increasing number of Americans are tapping into their 401 savings early due to financial distress. Bank of America's Participant Pulse report shed light on the growing prevalence of hardship withdrawals from 401 accounts. Also, The New York Federal Reserve reported credit card debt in households has…
The Record and NorthJersey.com have attempted to reach Cesar Pina on several occasions, including via text messages, phone calls, emails and Instagram. In the Aug. 4 suit, Englewood resident Enisa Berisha accuses the Pinas of defrauding her of $750,000 after she was introduced to Cesar Pina by a mutual friend who had invested with him previously.
It’ s been reported that the“ redeterminations” process for Medicaid in Massachusetts could create $1.9 billion in the state’ s budget for other purposes. Between 300,000 and 400,000 Massachusetts residents who no longer qualify will be kicked off of MassHealth. As of July, about 70,000 were cut off in Massachusetts, and half of those cut-offs occurred in the…
An increasing number of economists— including the Federal Reserve’ s own staff— are predicting the United States will escape a recession, though it’ ll be well into 2024 before anyone can be sure of it. “Unfortunately, I don’ t think the picture on any of this will be clear for at least two quarters, though the fact that inflation has come down has bought the Fed some time,…
While local childcare centers continue to grapple with harsh economic realities, some now find themselves confronting an additional burden as a spate of insurance companies have recently dropped or altered their liability insurance policies. In March, Heather Wells, the director of The Growing Garden Childcare Center in Tarentum, received a letter from her insurance provider saying…
If you own a business, you probably already know that offering a company-sponsored retirement plan offers many benefits to you and your company. But in case you’ re in the dark, here’ s a quick breakdown of what you can expect: 1) Employer contributions are tax-deductible. 2) There are numerous, flexible plan options available. Let’ s face it— Social Security benefits, by…
During the summer months, the freeways are jammed with all sorts of vehicles hauling bikes and boats. It's also a time when our roads are littered with construction zones, lined with orange cones and dotted with detours every few miles. They factor in our nation's resilient consumers, and the fact that China's economy is beginning to regain steam, which increases…
Maryland state officials and health insurers are reviewing how to run and fund a program that aims to keep individual health insurance premiums low. The state-operated reinsurance program — a special fund through which insurers are reimbursed for a portion of the costs of patients requiring the most expensive care — was recently reapproved by the federal government. By helping…
Paul McGonigle, 67, of Middleborough, starting in 2015 pretended to be his clients on calls with their annuity companies and signed their names on forms requesting withdrawals from their annuities, the U.S. attorney’ s office in Boston said Wednesday. “What Paul McGonigle did is despicable, " Christopher DiMenna, acting Special Agent in Charge of the FBI' s Boston…
These are two of the 25 brand-name drugs that accounted for the highest Medicare Part D spending in 2021, according to a new study by AARP. They cost the Medicare program $80.9 billion in one year. By Sept. 1, the Centers for Medicare& Medicaid Services will announce the first 10 drugs selected for negotiation.
U.S. headline inflation rose slightly in July from June, a smaller-than-expected increase that supports the case for the Federal Reserve to hold interest rates steady at its next policy meeting in September. The Bureau of Labor Statistics reported that the consumer price index rose 0.2 percentage points in its monthly comparison, matching June's…
Utah Fourth District Judge Thomas Low rejected a probation recommendation for Holzapfel, 44, overturning a plea agreement his attorneys negotiated with prosecutors. According to the Utah prosecutors' charging documents, the married Holzapfel struck up romantic relationships with "vulnerable" women he met on dating apps, then persuaded them to turn over…
Congress will consider changing Medicare to cover weight loss drugs in an effort "to combat the obesity epidemic." Bill Cassidy, MD, introduced the bill in the Senate. Raul Ruiz, MD, and Rep.
The Federal Reserve Board is looking for individuals to serve on its Insurance Policy Advisory Committee, or IPAC.© Shutterstock For these roles, the Federal Reserve Board is seeking individuals that possess a diverse set of expertise in the insurance industry to serve on this committee. More specifically, the board is looking for professionals with knowledge on various types of…
More cardholders are carrying more credit card debt than ever before, and they're paying a steep price for the privilege, a Bankrate survey on credit card debt finds. According to new data, 47% of credit cardholders currently carry debt from month to month— up slightly from 46% in December 2022 and 39% in December 2021. According to the Federal Reserve Bank of New…
