CVS warns about PBM reforms leading to 'higher costs'; Ezekiel Emanuel on out-of-pocket costs for cancer care

Taking stock of the drug industry, from the lab to the medicine chest

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By Ed Silverman Pharmalot Columnist, Senior Writer

Justin Sullivan/Getty Images STAT+ | CVS warns PBM reforms 'could lead to higher costs' A top executive at CVS Health said the company would find ways to maintain its level of PBM profits if Congress makes reforms. By Bob Herman Opinion: Listen: Ezekiel Emanuel explains why cancer patients shouldn't pay out-of-pocket costs Financial toxicity doesn't just set cancer patients back economically. It actually hurts their health, and even costs lives. By Torie Bosch House Republicans demand career scientist explain pathogen research Republicans want a career scientist to explain his work, stoking a long-running argument about gain-of-function research. By Sarah Owermohle Adobe Opinion: Newly diagnosed cancer patients need help navigating the system Cancer navigation support is a rare intervention that truly seems to achieve a win for every stakeholder – patients, providers, and payers. By Samyukta Mullangi and Vinayak Venkataraman

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Racism is a huge problem in nursing, survey finds; House Republicans demand scientist explain pathogen research

In a new survey, 80% of nurses said they have seen or experienced racism from patients, and 60% from colleagues.

May 31, 2023 Check out STAT+

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Ann Arbor Miller for STAT 'A target on my back': New survey shows racism is a huge problem in nursing Fewer than 1 in 4 nurses reported racist incidents, and more than half of those said relationships with supervisors suffered as a result. By Usha Lee McFarling House Republicans demand career scientist explain pathogen research Republicans want a career scientist to explain his work, stoking a long-running argument about gain-of-function research. By Sarah Owermohle STAT+ | CVS warns PBM reforms 'could lead to higher costs' A top executive at CVS Health said the company would find ways to maintain its level of PBM profits if Congress makes reforms. By Bob Herman Adobe Opinion: Newly diagnosed cancer patients need help navigating the system Cancer navigation support is a rare intervention that truly seems to achieve a win for every stakeholder – patients, providers, and payers. By Samyukta Mullangi and Vinayak Venkataraman Opinion: Listen: Ezekiel Emanuel explains why cancer patients shouldn't pay out-of-pocket costs Financial toxicity doesn't just set cancer patients back economically. It actually hurts their health, and even costs lives. By Torie Bosch

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How employers can get started with food as medicine

The latest stories trending on MedCity News.

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Top Story How Employers Can Get Started in the Food as Medicine Movement Employers have a responsibility to support the food as medicine movement and help employees who are food insecure, said Jay Bhatt, managing director of Deloitte Services and managing director of the Center for Health Solutions and Health Equity Institute. He made these comments last week at the MedCity INVEST conference in Chicago. Sponsored Content Canada and the Midwest in Life Sciences, 75 Years in the Making Presented by MedCity News & Consulate General of Canada The Consulate General of Canada in Chicago is currently celebrating the 75th anniversary of its diplomatic presence in the Midwest. Learn More>> Get Your Digital Health Tickets Now Enjoy extra savings when you purchase your extreme early bird INVEST Digital Health 2023 ticket now. Priced at only $295. Join us at Pegasus Park in Dallas, TX for a riveting day of content and networking. Register Now

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Clinicians Offer Snapshot from Day in the Life of Delivering Care at Teladoc Health In a series of interviews, two Teladoc Health physicians and a therapist offered a window into a day in the life of delivering virtual care. After FDA Miss in Diabetes, Lexicon Lands Long-Awaited Approval in Heart Failure Lexicon Pharmaceuticals drug Inpefa is now FDA-approved for heart failure. Inpefa is third in its class, but the biotech says its pill can reach a specific subset of patients, enabling it to stand apart from rival medicines from AstraZeneca and partners Eli Lilly and Boehringer Ingelheim. Carrum Health Secures $45M To Expand Cancer Care Offerings for Employers Carrum Health's $45 million funding round was led by OMERS Growth Equity and included participation from Revelation Partners, Tiger Global, Wildcat Venture Partners, Cross Creek and SpringRock Ventures. It brings the company's total financing to about $96 million. Federal Agencies Release New Guidelines to Help Providers Fend Off Ransomware A group of federal agencies recently released an updated set of guidelines to help healthcare organizations protect themselves from ransomware attacks and the data breaches that often follow. The guidance lays out best practices to prevent the six major ways that bad actors gain access to providers' systems, which include compromised credentials and phishing. Digital Health Funding Steadied in Q1 After a Year of Decline Global funding for digital health companies finally stabilized in Q1 of this year. The sector raised $3.4 billion — this marks the first time the digital health world didn't experience a quarter-over-quarter funding decline since Q4 of 2021. By holding steady, digital health startups defied the dwindling fundraising totals seen across the broader venture capital landscape, where funding dropped by 13% quarter-over-quarter. Burnout Continues To Crush Clinicians, But Voice Tech and AI Could Help In addition to reducing workload, NLP and ambient voice technology can also improve the quality of care that clinicians provide. By analyzing EHRs and other patient data, NLP algorithms can identify potential health risk factors and recommend preventative measures. Pfizer Hemophilia Drug Reduces Bleeding in Key Study; Regulatory Filings Are Planned Marstacimab, a Pfizer drug for both hemophilia A and B, met the main goal of a Phase 3 study and the company now plans to discuss the data with regulators. The Pfizer drug could beat to the market a Novo Nordisk drug that addresses the same novel target.

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