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Modern Healthcare Modern Healthcare business news, research, data and events

Modern Healthcare Modern Healthcare business news, research, data and events

Following the public outcry over steep increases in price for an emergency allergy treatment, Hillary Clinton is pledging to better protect patients from such costs.Clinton is rolling out a plan Friday designed to give the federal government more power to push back against what she calls "excessive unjustified costs" for medications that have long been on the market.In a statement, Clinton said that "all Americans deserve full access to the medications they need," adding that she is "ready to hold drug companies accountable when they try to put profits ahead of patients, instead of back into research and innovation."Clinton plans to create a drug-pricing oversight group that will monitor price increases.If this group of federal officials decides that an increase is excessive, it could take a number of enforcement actions, including making emergency purchases of an alternate version of the drug, allowing emergency imports of a similar product from other developed countries, and imposing penalties on the companies, such as fines.The announcement comes amid criticism for pharmaceutical company Mylan over the list price of the EpiPen , which has grown to $608 for a two-pack, an increase of more than 500 percent since 2007.


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Modern Healthcare Modern Healthcare business news, research, data and events

Modern Healthcare Modern Healthcare business news, research, data and events

About 71% of healthcare spending in California this year will be covered by taxpayers, according to a new report (PDF) The study, published by the UCLA Center for Health Policy Research, found that of the $367 billion to be spent on healthcare in the state, about $260 billion will be from taxpayer dollars.The figure slightly outpaces the national average.In 2015, taxpayers accounted for 65% of total healthcare spending nationally.The majority of California taxes, 38%, will pay for Medi-Cal, the state's Medicaid program.Medicaid spending in California is higher than the rest of the nation, accounting for 27% of state spending compared to 17% nationally.California taxpayers likely contribute more to Medi-Cal because of high enrollment in the program, said Dr. Gerald Kominski, lead author of the study and professor of health policy and management at UCLA.


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Modern Healthcare Modern Healthcare business news, research, data and events

Modern Healthcare Modern Healthcare business news, research, data and events

After a year of strong hiring growth in the healthcare industry, job creation significantly decelerated in August but still remained on the plus side.The healthcare sector added 14,400 jobs in August, much less than the average 39,000 jobs added every month for the past 12 months, according to preliminary figures from the Bureau of Labor Statistics (PDF) .The BLS also released revised figures from July, showing 45,300 healthcare jobs were added that month, up from the 43,200 that were originally reported Hiring slowed down slightly among hospitals.Hospitals added 10,700 jobs in August, less than the 13,200 jobs added in July.