Tag: Prescription Drugs

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal
World

Diet Company Medifast, Once an Ozempic Skeptic, Embraces Weight Loss Drugs With LifeMD Telehealth Deal

Medifast, the weight-loss company that uses coaches and low-calorie shakes and bars to help customers slim down, is diving into the Ozempic and Wegovy market.The company is investing $20 million in LifeMD, a telehealth company that provides access to doctors and nurse practitioners who can prescribe the drugs. Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Same Drug, Two Prices: Why The Higher Price Prevails
World

Same Drug, Two Prices: Why The Higher Price Prevails

The way medicines are paid for in the U.S. has become so convoluted that some drugmakers are setting two prices for the same drug—and many health plans are choosing to cover the more expensive version.The decisions mean some patients are paying hundreds of dollars more in out-of-pocket charges to fill a prescription for an identical medicine made by the same company.Copyright ©2023 Dow Jones & Company, Inc. All Rights Reserved. 87990cbe856818d5eddac44c7b1cdeb8
Why GOP Contenders Avoid Discussing Biden’s Signature Prescription Drug Policy
Politics

Why GOP Contenders Avoid Discussing Biden’s Signature Prescription Drug Policy

In the weeks since the White House announced the first 10 prescription drugs subject to Medicare’s new power to negotiate drug prices and signaled their intention to make it a major part of President Joe Biden’s reelection campaign, the normally divided field of Republican presidential challengers has been united in its response: Silence.Rather than contest a Democratic president’s biggest health care achievement, as they did with a bitter, campaign-defining fight against Obamacare in 2012, Republicans have mostly pretended Biden’s achievement doesn’t exist. The party’s reluctance to speak about Biden’s prescription drug policy, let alone campaign on an alternative, speaks to just how much the contemporary GOP has abandoned the pretense of interest in an array of burning domestic policy i...
Biden Set To Start Medicare Drug Price Negotiations
Politics

Biden Set To Start Medicare Drug Price Negotiations

Joe Biden is preparing to launch one of his presidency’s most far-reaching reforms ― an initiative that could make a significant difference in the lives of everyday Americans and that consistently polls well, although at this point relatively few people seem to realize it’s happening.The initiative seeks to make prescription drugs cheaper for Medicare and its beneficiaries by instructing the Department of Health and Human Services, or HHS, to negotiate the prices of certain medications directly with their manufacturers. The process formally starts with the naming of the 10 drugs that will be subject to negotiation in the initiative’s first year. Administration officials intend to make that announcement early this week, probably on Tuesday morning in advance of a White House event, accordi...