| Medical billing and insurance in the news.
Cross-border healthcare in European Union
European Union citizens will be able to shop for medical care around the 27-nation bloc without prior authorization from their insurer, under the new proposal.
S.E.C. Backs Health Care Balloting
The Securities and Exchange Commission, shifting its position, has told companies they must allow shareholders to vote on a proposal for universal health insurance coverage.
Wal-Mart Widens Drug Discounts
Wal-Mart Stores Inc. is expanding its cut-rate prescription-drug program and will sell 90-day supplies of more than 300 generic drugs for only $10. The retailer is also adding a second pricing tier to the discounted program for more-expensive medications geared toward women's health. It is adding $9 generic prescriptions for up to a 30-day supply on a handful of drugs for treating osteoporosis, breast cancer, menopause and hormone deficiency. For instance, 30-day prescriptions of alendronate, the generic version of osteoporosis medication Fosamax will be offered for $9 and a 90-day supply for $24, compared with the previous price of $54 and $102, respectively. Tamoxifen, a breast-cancer treatment, will sell for $9 for a 30-day supply.
Medicare Plans Affected by Rising Drug Costs
Employers and patients in corporate health plans are not the only ones affected by the soaring prices of specialty drugs. Enrollees in Medicare drug plans are also feeling the pressure.
President Is Rebuffed on Program for Children
The Bush administration violated federal law last year when it restricted states. ability to provide health insurance to children of middle-income families, and its new policy is therefore unenforceable, lawyers from the Government Accountability Office said Friday.
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