From The Associated Press

CVS Gets a 3Q Booster Shot From Aetna as Revenue Soars

November 6, 2019

CVS Health revenue surged in the third quarter as the drugstore chain and pharmacy benefits manager added health insurance and pushed ahead with a plan to change how many of its stores operate.

The company said Wednesday its roughly $69 billion acquisition of the insurer Aetna helped its top line climb 36% in the quarter while earnings rose 10%.

Overall, CVS Health booked $1.53 billion in net income on $64.81 billion in revenue. Adjusted earnings totaled $1.84 per share.

CVS Health revenue surged in the third quarter as the drugstore chain and pharmacy benefits manager added health insurance and pushed ahead with a plan to change how many of its stores operate.

The company said Wednesday its roughly $69 billion acquisition of the insurer Aetna helped its top line climb 36% in the quarter while earnings rose 10%.

Overall, CVS Health booked $1.53 billion in net income on $64.81 billion in revenue. Adjusted earnings totaled $1.84 per share.

Those results easily topped Wall Street’s expectations for earnings of $1.77 per share on $63.03 billion in revenue, according to Zacks Investment Research….

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Stable Costs but More Uninsured as ‘Obamacare’ Sign-Ups Open

October 31, 2019

More Americans are going without health insurance, and stable premiums plus greater choice next year under the Obama health law aren’t likely to reverse that.

As sign-up season starts on Friday, the Affordable Care Act has shown remarkable resiliency, but it has also fallen short of expectations. Even many Democrats want to move on.

More Americans are going without health insurance, and stable premiums plus greater choice next year under the Obama health law aren’t likely to reverse that.

As sign-up season starts on Friday, the Affordable Care Act has shown remarkable resiliency, but it has also fallen short of expectations. Even many Democrats want to move on.

President Donald Trump doesn’t conceal his disdain for “Obamacare” and keeps trying to dismantle the program.

During President Barack Obama’s tenure, open enrollment involved a national campaign to get people signed up. The program’s complexity was always a problem, and many lower-income people didn’t understand they could get financial help with premiums….

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Overhaul Is Proposed for Decades-Old Medicare Fraud Rules

October 9, 2019

The Trump administration on Wednesday proposed overhauling decades-old Medicare rules originally meant to deter fraud and abuse but now seen as a roadblock to coordinating better care for patients.

The rules under revision were intended to counter self-dealing and financial kickbacks among service providers such as hospitals, clinics and doctors.

The Trump administration on Wednesday proposed overhauling decades-old Medicare rules originally meant to deter fraud and abuse but now seen as a roadblock to coordinating better care for patients.

The rules under revision were intended to counter self-dealing and financial kickbacks among service providers such as hospitals, clinics and doctors.

Those regulations are now seen as an obstacle to progress because Medicare has put a premium on coordination among care providers. The complex requirements of the original rules can have a chilling effect on hospitals and doctors working together, officials say….

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Trump and Pelosi Aides Talk Drug Costs Despite Impeachment

October 1, 2019

Even as the impeachment battle rumbled, senior White House and Democratic aides sat down Tuesday to discuss details of drug pricing legislation, officials on both sides said.

Passing a law to curb prescription drug prices remains a top policy priority for President Donald Trump and House Speaker Nancy Pelosi, despite her decision to launch an impeachment inquiry into the president’s efforts to get a foreign leader to investigate political rival Joe Biden.

Even as the impeachment battle rumbled, senior White House and Democratic aides sat down Tuesday to discuss details of drug pricing legislation, officials on both sides said.

Passing a law to curb prescription drug prices remains a top policy priority for President Donald Trump and House Speaker Nancy Pelosi, despite her decision to launch an impeachment inquiry into the president’s efforts to get a foreign leader to investigate political rival Joe Biden.

Both sides stressed they were not negotiating during Tuesday’s meeting at the White House, but instead were exchanging information and asking questions. Joe Grogan, a top domestic policy adviser to Trump, called it “a very cordial and productive working session….”

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Medicare, Social Security Face Shaky Fiscal Futures

April 22, 2019

The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security.

It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035, one year later than previously estimated.

The financial condition of the government’s bedrock retirement programs for middle- and working-class Americans remains shaky, with Medicare pointed toward insolvency by 2026, according to a report Monday by the government’s overseers of Medicare and Social Security.

It paints a sobering picture of the programs, though it’s relatively unchanged from last year’s update. Social Security would become insolvent in 2035, one year later than previously estimated.

Both programs will need to eventually be addressed to avert automatic cuts should their trust funds run dry. Neither President Donald Trump nor Capitol Hill’s warring factions has put political perilous cost curbs on their to-do list….

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