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The “Lock-In” Pharmacy Approach to Rx Drug Abuse
A proposal to restrict certain Medicare beneficiaries to use only a dedicated, “lock-in” pharmacy for their controlled substances is now a part of legislation introduced by two House lawmakers.
House Ways and Means Health Subcommittee Chair Kevin Brady (R-Texas) and Ranking Member Jim McDermott (D-Wash.) recently proposed the Protecting the Integrity of Medicare Act (PIMA). The broad bill is comprised of a range of proposals intended to reduce Medicare fraud, waste and abuse. Its features include the “lock-in” pharmacy idea.
Read Full Article Here: http://ncpanet.wordpress.com/2014/12/10/the-lock-in-pharmacy-approach-to-rx-drug-abuse/
Posted by: Wall Street Analyzer
View the post and listen to the interview here: http://wallstreetanalyzer.com/
National Health Expenditure Projections, 2013–23: Faster Growth Expected With Expanded Coverage And Improving Economy
Posted by: Healthaffairs.org
In 2013 health spending growth is expected to have remained slow, at 3.6 percent, as a result of the sluggish economic recovery, the effects of sequestration, and continued increases in private health insurance cost-sharing requirements. The combined effects of the Affordable Care Act’s coverage expansions, faster economic growth, and population aging are expected to fuel health spending growth this year and thereafter (5.6 percent in 2014 and 6.0 percent per year for 2015–23). However, the average rate of increase through 2023 is projected to be slower than the 7.2 percent average growth experienced during 1990–2008. Because health spending is projected to grow 1.1 percentage points faster than the average economic growth during 2013–23, the health share of the gross domestic product is expected to rise from 17.2 percent in 2012 to 19.3 percent in 2023.
Read Full Article Here: http://content.healthaffairs.org/content/early/2014/08/27/hlthaff.2014.0560.full.html
Fracking Development Could Strengthen U.S. Manufacturing Exports
Weighted by confidence, the experts responded with opinions split nearly right down the middle. Thirty-four percent agreed with the statement, and 34 percent did not. Eighteen percent were uncertain, 9 percent strongly agreed and 5 percent strongly disagreed.
Out of 32 experts on the panel who responded, eight noted that while lower prices might or will increase U.S. exports, they did not expect the rate of growth to be substantial. Four experts also wrote that additional fracking development could have environmental impacts that could lead to broader negative economic impacts.
“Energy costs are set largely in the world market,” said Janet Currie, professor of economics at Princeton University. “Moreover, environmental degradation could make areas less competitive in the long run.”
In August, the panel again responded to the same statement. Responses were not received from all the same experts as responded to the May survey.
The previously split opinions had shifted in favor of agreement with the statement: 59 percent of the experts who responded either agreed or strongly agreed with the statement. Nineteen percent disagreed, 8 percent strongly disagreed and 15 percent were uncertain.
Some experts changed their answers: Currie and Alan Auerbach, professor of economics and law at Berkeley University, switched responses from “Disagree” to “Uncertain.” Marianne Bertrand, professor of economics at University of Chicago, switched from “Uncertain” to “Agree,” with a low confidence rating of 3, while Raj Chetty, professor of economics at Harvard University, changed his response from “Agree” to “Uncertain.” Some noted that while costs may fall initially, the long-term effects were not clear.
“I agree that energy cost should fall, which will increase U.S. competitiveness,” said Oliver Hart, professor of economics at Harvard University. “The effects on growth are more subtle, and harder to predict.”
Read full article here: http://www.mdm.com/blogs/4/post/32469-fracking-development-could-strengthen-us-manufacturing-exports
Wockhardt’s earnings devastated by FDA bans
Wockhardt reported Tuesday that its April-June net profit was 199.5 million rupees ($3.26 million), compared with 3.23 billion rupees ($52.9 million) a year earlier, Reuters reported. Net sales fell 27% to 9.91 billion rupees ($162 million) and were off 60% in the U.S., the company said in its earnings report.
The drugmaker had two of its manufacturing plants in India banned last year from exporting to the U.S. after inspectors found that it had been manipulating its testing data and passing for sale drugs that were not up to specs. The agency has since followed up with an intensive review of Wockhardt’s Morton Grove plant near Chicago, which was helping the drugmaker prop up its U.S. sales, citing it for many of the same kinds of problems.