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President Biden issued an executive order detailing new payment and delivery models intended to lower the prices of prescription drugs, reports Healthcare Finance News. The order follows August's passage of the Inflation Reduction Act of 2022, which was intended to protect beneficiaries from high drug costs by phasing in a cap for out-of-pocket costs at the pharmacy, and establishing a $35 monthly cap per prescription for insulin covered by a Medicare prescription drug plan, as well as insulin delivered through traditional pumps.
1. Hacking group Ransomhub claims to have stolen UnitedHealth data
2. Hackers leak stolen data from Change Healthcare on dark web
3. UnitedHealth estimates $1.6 billion loss from Change cyberattack
4. Ex-NBA player Will Bynum sentenced in insurance fraud scandal
5. Teladoc Health CEO Jason Gorevic steps down amid stock plunge
6. Biden administration limits Medicare Advantage broker compensation