• Why Insulin Is So Expensive in the U.S.-And What the Inflation Reduction Act Does About It

    1 month ago - By Time

    President Joe Biden signed the Inflation Reduction Act into law this afternoon, with a package that includes sweeping climate and tax initiatives and the biggest change to health care policy since the Affordable Care Act was passed in 2010.
    The new law works to bring down skyrocketing drug prices, one of the most intractable problems in the U.S. health care system. It will allow Medicare to negotiate some drug prices and place a $2,000 yearly out-of-pocket maximum for beneficiaries' medicine costs. One drug in particular became the focus of intense debate in Congress: insulin.

    The drug...
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  • Tick Tock for US Health Care

    Tick Tock for US Health Care

    1 month ago - By THCB

    BY KIM BELLARD
    Yes, I know Congress just passed the Inflation Reduction Act, a big step forward in combating climate change that also has some important healthcare provisions (Medicare negotiating drug prices, anyone?), but, come on, TikTok is buying hospitals! I can't pass that up.
    To be more accurate, TikTok's parent company ByteDance is actually buying hospitals, through two of its health subsidiaries. As first reported by South China Morning Post , and subsequently confirmed as a $1.5b deal by Bloomberg , ByteDance bought Beijing-based Amcare Healthcare, which runs eight women's and...
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