Health secretary orders Medicare to reassess a big premium increase facing millions of seniors this year, attributed in large part to a pricey new Alzheimer's drug with questionable benefits.
The Associated Presssecretary Xavier Becerra on Monday ordered Medicare to reassess a big premium increase facing millions of enrollees this year, attributed in large part to a pricey new Alzheimer's drug with questionable benefits.
More than 50 million Medicare recipients who pay the $170.10 monthly “Part B” premium for outpatient care will see no immediate change to their costs, but Monday's move could open the way for a reduction later in the year. The Department of Health and Human Services says it is reaching out to the Social Security Administration, which collects the premium, to examine options.
In announcing the price cut just days before the Christmas holidays, Biogen acknowledged the high cost had become a stumbling block to uptake for its medication.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Medicare Told to Reassess Premium Hike for Alzheimer's DrugU.S. health secretary Xavier Becerra is ordering Medicare to reassess a big premium increase facing millions of seniors this year
Read more »
Three Fed rate hikes won't be enough to combat inflation, former White House economist saysFormer Council of Economic Advisers Acting Chairman Tyler Goodspeed argues the Federal Reserve is 'so far behind the curve' that three interest rate hikes won't be enough to combat inflation.
Read more »
U.S. stock futures drift lower as Goldman ups Fed rate-hike forecastU.S. stock futures drifted lower Monday, as worries about Federal Reserve policy reverberated, on the technology sector in particular.
Read more »
Fed's Barkin: A march rate rise is conceivableIn an interview with the Wall Street Journal, Richmond Federal Reserve Bank President Thomas Barkin said a rate hike in March would be conceivable, as
Read more »
Thousands arrested in Kazakhstan since riots erupted a week agoKazakhstan authorities arrest over 5,000 people for questioning as part of 125 separate investigations into the unrest that has caused millions of damage to property
Read more »
More workers would quit jobs, get raises if wages were more transparentA new study says knowledge is money: If workers knew how much they could make elsewhere, even more would quit their jobs — and low-wage roles would be forced to pay more
Read more »