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The Latest Breaking News from Medicare

As drugmakers cut off discounts, providers fret for low-income patients

Hospitals and community and rural health clinics that serve low-income patients say drug manufacturers have threatened their financial stability by dramatically cutting back their participation in a federal drug discount program that saves those health providers millions of dollars a year.

Tribune News Service

Doctors' meagre 65 cent rise in Medicare consultation rebate 'insulting'

GPs are warning a marginal pay rise could further accelerate the loss of doctors from rural and regional Australia after a Medicare rebate increase left them with just 65 cents more for a bulk-billed appointment.

ABC News

McConnell warns Dems of fallout for reviving Biden bill

Senate Republican leader Mitch McConnell is threatening to derail a bill designed to boost semiconductor manufacturing in the United States if Democrats revive their stalled climate and social policy package

The Independent UK

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Senate drafts last-ditch drug pricing plan ahead of midterms

WASHINGTON — Senate Democrats are scraping together a last-minute plan to let Medicare negotiate prices directly with manufacturers for some prescription drugs ahead of the midterm elections, according to a summary of the plan obtained by CQ Roll Call.

Tribune News Service

Senate drafts last-ditch drug pricing plan ahead of midterms - Roll Call

Plan would allow HHS to negotiate prices within certain limits for up to 20 of the highest-cost drugs as well as insulin.

Roll Call

Medicare Advantage plans face criticism at congressional hearing for denying care, overcharging

Witnesses sharply criticized the fast-growing health plans, citing audits and other reports that described plans denying access to health care.

Chicago Sun-Times

Government watchdogs attack Medicare Advantage for denying care and overcharging

Congress should crack down on Medicare Advantage health plans for seniors that sometimes deny patients vital medical care while overcharging the government billions of dollars every year, government watchdogs told a House panel this week.

Tribune News Service

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Heart checks soar post-Warne, Kitching

The number of Australians coming forward for heart checks has soared since the sudden deaths of cricket legend Shane Warne and politician Kimberley Kitching.

AAP

Conscripting doctors to towns just the tonic for chronic GP shortages

Email letters@newcastleherald.com.au or send a text message to 0427 154 176 (include name and suburb).

Newcastle Herald

He and his wife both got cataract surgery. His bill was 20 times higher than hers

Whether a simple operation is performed under the auspices of a hospital or at an independent surgery center can make a huge difference in cost.

WEKU

Highlights of bipartisan gun violence bill signed by Biden

The bipartisan bill signed by President Joe Biden that aims to address gun violence will incrementally toughen requirements for young people to buy guns, deny firearms from more domestic abusers and help local authorities temporarily take weapons away from people judged to be dangerous

The Independent UK

Gun control: What is in the new bipartisan firearms legislation passed by the Senate?

Breakthrough bill drafted after Buffalo and Uvalde atrocities voted through upper chamber 65-33

The Independent UK

Highlights of bipartisan gun violence bill OK'd by Senate

The gun violence bill nearing congressional approval is wide-ranging but chiefly makes modest changes in existing programs

The Independent UK

Proposed insulin price cap poses test for Dems

A Senate deal to cap the cost of insulin at $35 a month for individuals with private insurance and Medicare poses a new test of whether Democrats can make good on campaign pledges to rein in drug costs, Axios' Adriel Bettelheim writes.

Axios

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ABC News

Regional clinics sweep in changes to bulk-billing amid rising costs and doctor shortages

Medical clinics are flagging doctor burnout and financial reasons for the changes, which will mean out-of-pocket expenses for many people.

StockNews.com

3 Stocks That Are Thriving With Higher Rates

Rising rates are a headwind for most stocks. However, for a handful, they are leading to an earnings boom,. Here are 3 stocks benefitting from higher rates: Humana (HUM), Everest RE (RE), and Silvercrest Asset Management (SAMG).

The Guardian - AU

On jobseeker, I often just had one meal a day. Now I am worried I’ll need to get used to that again

Poverty is a political choice. The new Labor government must raise jobseeker payments to protect our most vulnerable

Tribune News Service

Mark Cuban’s pharmacy could have saved Medicare $3.6 billion, researchers find

Medicare could have saved $3.6 billion in a single year if it had bought generic drugs from Mark Cuban’s online pharmacy, according to a Harvard University report.

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Tribune News Service

Senators release bill targeting insulin prices

WASHINGTON — Two key senators on Wednesday released a widely anticipated bill aimed at lowering insulin prices and capping monthly copays under commercial and Medicare insurance plans.

Roll Call

Senators release bill targeting insulin prices - Roll Call

The bill would cap insulin copays at the lesser of $35 or 25 percent of the list price per month in commercial and Medicare Part D plans.

Benzinga

TPG Capital Takes Healthcare Technology Convey Health Private In $1B Deal

TPG Capital, private equity, has agreed to acquire Convey Health Solutions Holdings Inc (NYSE:CNVY) for $10.50 per share in cash, representing an enterprise value of approximately $1.1 billion. The purchase price represents approximately 99% over Convey's 30-day volume-weighted average price per share as of June 17 and a premium of approximately 143% to…

Roll Call

Supreme Court sides with insurer in dialysis coverage case - Roll Call

The Supreme Court decides in favor of an insurer in a case focused on reimbursement rates for kidney dialysis.

ABC News

WA bulk-billing clinics not being covered by Medicare rebates, doctors say

The federal government is undervaluing general practices around the country, according to a doctor who says cost pressures are pushing patients to hospital emergency departments.

Tribune News Service

Editorial: The time to save Social Security and Medicare is now

Sometimes good news comes with a cloudy lining.

Tribune News Service

Buy and bust: When private equity comes for rural hospitals

MEXICO, Missouri — When the new corporate owners of two rural hospitals suddenly announced they would stop admitting patients one Friday in March, Kayla Schudel, a nurse, stood resolute in the nearly empty lobby of Audrain Community Hospital: “You’ll be seen; the ER is open.”

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