All articles tagged with #health care costs
CVS Health’s CEO David Joyner says private employers aren’t ready to broadly cover GLP-1 weight-loss drugs like Ozempic because of high costs and uncertain long-term savings; prices need to come down and there must be clear evidence they reduce overall health care costs before broader coverage resumes, even as Medicare moves to cover GLP-1s.
Fortune’s Penn Wharton Budget Model analysis argues the U.S. faces an outer solvency bound of about 210% of GDP and a 20-year runway before debt swells beyond feasible financing. Health‑care cost growth and the aging of the baby boomer generation concentrate federal outlays on older Americans, with Social Security’s trust fund projected to run dry in the early 2030s (benefits cut to about 83% thereafter). The piece emphasizes a political economy that rewards passing big bills to future generations, making small fixes unlikely, and notes radical ideas like scrapping the 401(k) deduction to redirect retirement savings. It also warns that financial markets could discipline policy before the limit is reached, risking disruptive social consequences similar to historic fiscal crises.
A government inspector general report finds that for-profit Medicare Advantage insurers—CVS Health (Aetna), UnitedHealthcare and Humana—denied about 80% of long-term hospital care and inpatient rehab requests, raising concerns that some elderly patients may have been refused medically necessary care and prompting CMS to review coverage practices.
Lorena Alvarado Hill, a Florida teacher’s aide, was billed for medical care after her government-subsidized insurance was canceled over a 1-cent premium, leading to thousands in bills; she fought back under state and federal law and ultimately had her balances reduced to zero, highlighting flaws in automated billing and the need to monitor small debts.
A new AP News poll finds that many Americans are sacrificing basic necessities to pay for ACA health insurance, highlighting the financial squeeze from rising health-care costs for households.
Two Gallup polls show that roughly one-third of Americans are cutting daily spending to cover medical costs, and about half of middle-income households have delayed major life events such as buying a home or starting a family because of health-care expenses, as premiums rise and Medicaid spending is trimmed.
President Trump is rolling out TrumpRx.gov, a government site intended to help Americans buy discounted prescription medicines as part of his broader bid to extract price concessions from drugmakers; experts say the plan could offer some savings but is unlikely to dramatically lower costs or reshape the pharmaceutical market.
A Washington Post poll finds health care costs are Americans’ top pocketbook worry, surpassing food and rent, with rising premiums and out‑of‑pocket costs shaping concerns ahead of the 2026 midterms.
Five Ohio lawmakers backed a Democratic bill to restore expired Affordable Care Act subsidies for three years, with three Republicans joining Democrats in defying Trump on the measure. Most Ohio Republicans opposed extending the subsidies, and the bill now heads to the Senate where prospects are uncertain. Supporters say reviving the tax credits could relieve about half a million Ohioans facing higher premiums, while critics warn about cost and debt.
A Manhattan man paid $2,500 for a Prenuvo full-body MRI that reportedly declared him healthy, then suffered a catastrophic stroke; a lawsuit alleges the scan missed signs of the stroke, highlighting ongoing concerns that full-body scans may cause unnecessary alarm or a false sense of security.
Many Americans face rising health insurance premiums, with costs increasing significantly since 2010, despite the ACA's success in reducing the uninsured rate. The law focused on expanding coverage rather than controlling costs, which continue to grow due to systemic issues like provider pricing and lack of comprehensive reform. Political disagreements hinder effective solutions, leaving many Americans struggling with affordability and underinsurance, highlighting the need for more substantial health care reforms.
A potential government shutdown led by Trump and MAGA Republicans threatens to significantly impact Californians through increased health care costs, furloughs of federal workers, cuts to education, delays in social services, and broader economic harm, reminiscent of previous shutdowns that caused billions in losses.
A study by the American Society for Nutrition suggests that providing medically tailored meals (MTMs) to patients with diet-sensitive chronic diseases could lead to substantial health care cost savings and reduced hospitalizations. The research, presented at NUTRITION 2024, indicates that MTMs could generate net cost savings across nearly all U.S. states, with additional benefits such as increased independence and quality of life for patients. The study advocates for integrating MTMs into health care plans and expanding access through insurance coverage and public health initiatives.
Many older Americans, including baby boomers, are finding that their accumulated wealth may end up being depleted by health care costs, leaving little to pass on to younger generations. Rising out-of-pocket health care expenses, including premiums, copays, and uncovered services, are taking a toll on retirees' savings. With the significant wealth transfer predicted to occur in the coming years, researchers suggest that a large portion of this wealth may ultimately end up in the medical system. As health care costs continue to rise, many individuals are struggling to afford necessary care and are facing financial stress as they navigate retirement and aging.
President Biden visited New Hampshire to address health care costs, marking his first visit in nearly two years. The visit is seen as an attempt to mend relations with the state after a contentious primary season. Biden's event in Goffstown focused on lowering health care costs, and analysts believe this signals a shift towards the general election. The visit follows Biden's decision not to put his name on the ballot in New Hampshire and his subsequent win in the Democratic primary through a write-in campaign. This visit is likely the beginning of increased attention to New Hampshire as the general election approaches.