Author Archives: health

JPMorgan Chase to acquire payments technology company InstaMed

JPMorgan Chase announced today that it is buying health payments technology company InstaMed. The acquisition is for more than $ 500 million, making it the bank’s biggest buy since the financial crisis, CNBC reported. The deal is expected to close by the end of the year, according to Stuart Hanson, managing director and head of… Read More: JPMorgan Chase to acquire payments technology company InstaMed »

Wyden introduces price transparency bill targeting payers

Dive Brief: Senate Finance Committee Ranking Member Ron Wyden, D-Ore., introduced a bill Wednesday that would require health insurers to tell beneficiaries what the out-of-pocket costs would be for any in-network procedure or prescription drug they seek. The Health Care Price Check Act stipulates that commercial insurers, as well as Medicare plans, provide an online tool… Read More: Wyden introduces price transparency bill targeting payers »

Novartis could settle for $1B as part of federal kickback lawsuit: report

Six years after federal prosecutors first targeted Novartis for an alleged kickback scheme involving $ 10,000 dinners and fishing trips for doctors, signs pointed to the Swiss drugmaker finally having its day in court. Now, it looks like that may not happen. Novartis could be approaching a billion-dollar settlement with the U.S. government as part… Read More: Novartis could settle for $1B as part of federal kickback… »