Health
Kaiser Permanente Affiliates Agree to Pay $556 Million to Resolve False Claims Act Allegations
NegativeHealth
Kaiser Permanente has agreed to pay $556 million to resolve allegations under the False Claims Act, stemming from a 2021 complaint that accused the company of pressuring physicians to modify medical records of Medicare Advantage Plan enrollees to secure higher government payments.
Health Care Roundup: Market Talk
NeutralHealth
The latest Market Talks provide insights into several key players in the health care sector, including Danaher, Merck & Co., Monash IVF, and Disc Medicine. These discussions highlight current market trends and developments affecting these companies.
Heard on the Street: Hospital stocks have outperformed insurers in recent years. That may not last.
NeutralHealth
Hospital stocks have shown strong performance compared to insurers in recent years, but this trend may be changing as market dynamics evolve. Analysts suggest that the outperformance of hospital stocks could face challenges ahead, potentially altering the investment landscape in the healthcare sector.
Nearly 15,000 New York City nurses walked off the job on Monday in the city’s largest nurses strike in history
PositiveHealth
Thousands of nurses in New York City have gone on strike, demanding improved benefits and better hospital staffing standards amid ongoing challenges in the healthcare sector. The strike highlights the urgent need for reform in working conditions as healthcare workers face increasing pressures.
UnitedHealth Group deployed aggressive tactics to collect payment-boosting diagnoses for its Medicare Advantage members, a Senate committee investigating the company’s practices said
NegativeHealth
A Senate committee, led by Sen. Chuck Grassley, is investigating UnitedHealth Group for allegedly using aggressive tactics to collect payment-boosting diagnoses for its Medicare Advantage members, following reports from the Wall Street Journal. This inquiry highlights concerns over the company's practices in the Medicare Advantage program.
If everyone you know seems to have the flu, there’s a reason for that
NeutralHealth
Influenza is spreading rapidly, prompting doctors to emphasize the importance of antiviral drugs, their appropriate use, and the critical timing for administration to mitigate the virus's impact.
Abivax Surges on Report Eli Lilly is Preparing $17.5 Billion Bid
PositiveHealth
Abivax's stock has surged following reports that Eli Lilly is preparing a $17.5 billion bid for the French biopharmaceutical company, reflecting a significant increase of up to 30% in early trading on Monday. This rise in stock value is part of a broader trend that began in late July, indicating growing investor confidence in Abivax's potential.
Merck is in talks to acquire Revolution Medicines in a deal that could value the cancer-drug biotech at around $30 billion
PositiveHealth
Merck is currently in discussions to acquire Revolution Medicines, a biotechnology company focused on developing cancer-targeting drugs, in a potential deal valued at approximately $30 billion. This acquisition could significantly enhance Merck's portfolio in the oncology sector.
Amazon Pharmacy Begins Offering Wegovy Pill
NeutralHealth
Amazon Pharmacy has begun offering Wegovy in pill form, with customers paying a minimum of $25 for a one-month supply if they have commercial insurance, while those without insurance will pay starting at $149 per month. This marks a significant expansion in the availability of Wegovy, which was previously only available as an injection.
