Tag: Medicare

Commentary: Congress Should Support Site-Neutral Reforms

The Center Square

The recent Health Equity Report by BlueCross BlueShield of Tennessee offers a glimpse into the health challenges faced by Tennesseans. Among many concerning statistics, one stands out: 100 people are diagnosed with cancer in the state every day.

Sadly, the financial toll of chronic illnesses like cancer is staggering. It can saddle seniors, families and patients across Tennessee with decades of debt. Nationwide, 23 million Americans are confronting the burdensome reality of medical debt, which can wreck credit scores, send seniors to debt collections, and thwart patients from getting the timely, quality care they need.

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Big Pharma Raises Hundreds of Drug Prices Despite Biden Admin Efforts to Keep Costs Down

South Carolina Sun Staff
Pharmacist

Top pharmaceutical companies raised the list price on 775 brand-name drugs in just the first half of January, even as President Joe Biden aims to keep prices low, according to The Wall Street Journal.

The median price hike of the drugs was around 4.5%, with some rising by 10% or more, despite an inflation rate of 3.4% year-over-year in December, according to data from 46brooklyn Research acquired by the WSJ. The price hikes are in contrast to the president’s efforts to tame rising drug prices, taking actions such as imposing automatic rebates to Medicare for drugmakers that raise their prices faster than the price of inflation, which first went into effect in December, affecting 48 drugs covered under Medicare Part B.

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