President Trump signed an executive order on Tuesday outlining a series of actions intended to lower drug prices, including helping states import drugs from Canada. The policies were more modest than proposals to reduce drug prices that Mr. Trump offered in his first term. And one of his new directives could increase drug prices. It…
Companies can set such high prices because of a quirk in Medicare pricing rules, industry experts said. For the first six months of a new bandage product’s life, Medicare will set the reimbursement rate at whatever price a company chooses. After that, the agency adjusts the reimbursement to reflect the actual price paid by doctors…
The Trump administration on Friday rejected a Biden plan that would have required Medicare and Medicaid to cover obesity drugs and expanded access for millions of people. Under the law that established Medicare’s Part D drug benefits, the program was forbidden from paying for drugs for “weight loss.” The Biden administration’s proposal last November had…
The Senate on Thursday confirmed Dr. Mehmet Oz, the celebrity TV doctor, 53-45 and mostly along party lines to lead Medicare and Medicaid, which insure nearly half of all Americans. The future of both programs is the subject of fierce debate: Republicans are contemplating significant cuts to Medicaid, which provides health care to low-income Americans….
In a hearing on Friday, senators pressed Dr. Mehmet Oz, the TV celebrity nominated to head Medicare and Medicaid, on Republican-led proposals that would significantly affect the health care coverage for nearly half of all Americans. At his confirmation hearing before the Senate Finance Committee, Dr. Oz bantered with senators in a friendly atmosphere, joking…
Dr. Mehmet Oz, the TV celebrity doctor, is expected to face a tense confirmation hearing on Friday, with Democratic senators planning to question how he would oversee Medicare and Medicaid now that Republicans and the Trump administration are weighing significant changes affecting millions of Americans. Among the possible plans being considered by Republican lawmakers and…
