Tag Archives: Price

Biogen CEO says $56,000 annually for Alzheimer’s drug is ‘fair,’ promises not to hike price for at least 4 years

Biogen CEO Michel Vounatsos told CNBC on Monday that the list price of $ 56,000 per year for the company’s FDA-approved Alzheimer’s disease drug aducanumab is “fair.” That being said, the Massachusetts-based biotech company has vowed to not increase the price of the medication, which is marketed under the name Aduhelm, for the next four… Read More »

Price transparency can stop health insurers’ gain off patient pain

CEO pay disclosures this spring show what many patient advocates already suspected: Health insurance company executives gained from ordinary people’s 2020 pain. While patients avoided hospitals and doctors’ offices last year for fear of catching COVID-19, health insurers laughed all the way to the bank by paying out far fewer claims. Compensation data filed so… Read More »

Malaysian glove makers are ‘too cheap to ignore’ after recent fall in share price, analyst says

SINGAPORE — The recent plunge in share prices of Malaysian rubber gloves makers is “unjustified,” said an analyst who’s predicting further upside for the stocks. Shares of Top Glove, the world’s largest rubber gloves producer, have fallen 17.7% this year as of Monday’s close. Its smaller peers Hartalega, Supermax and Kossan have dropped between 18%… Read More »

UnitedHealth says Q3 volume rebounds, net income down on consumer price breaks

Dive Brief: UnitedHealth Group bested Wall Street expectations and reported a lower-than-expected medical cost ratio of 81.9% for the third quarter as members continue to delay care amid the pandemic. Although utilization is not back to normal, it is hovering around 95% of pre-pandemic levels, considerably higher than the second quarter, executives said Wednesday. The… Read More »

Health care price transparency to become requirement – Sentinel & Enterprise

Starting in 2021, hospitals around the country will be required to make all of their prices publicly available online, including those they negotiate with insurers. The federal mandate is part of a rule change aimed at increasing price transparency in health care. The finalized rule for hospitals, announced in November, also requires them to display… Read More »

Payers, employers protest price transparency rule as wrong-headed

Dive Brief: The nation’s health insurance lobby pushed back against the Trump administration’s attempt to wrangle insurers into a broader effort to force the secret, negotiated rates with hospitals out into the open, according to comments submitted to the federal government on the proposed rule.  Employer groups also expressed skepticism, worried the disclosure will clash… Read More »