Healthcare reporter for Bloomberg News

The blues singer who created America's hated drug-pricing model

The blues singer who created America's hated drug-pricing model
chicagotribune.com — To patrons of the Rum Boogie Cafe in Memphis, he's Mick, a skilled guitarist with a bushy white beard who favors fedoras and sings soulful tunes about fishing and drinking. To Americans outraged by pharmaceutical prices, he just might be the guy to blame. Not that they would know him.

The Blues Singer Who Created America's Hated Drug-Pricing Model

The Blues Singer Who Created America's Hated Drug-Pricing Model
bloomberg.com — To patrons of the Rum Boogie Cafe in Memphis, he's Mick, a skilled guitarist with a bushy white beard who favors fedoras and sings soulful tunes about fishing and drinking. To Americans outraged by pharmaceutical prices, he just might be the guy to blame. Not that they would know him.

Sewer or Not? Valeant Pits Ackman Against Buffett in Clash

Sewer or Not? Valeant Pits Ackman Against Buffett in Clash
bloomberg.com — Billionaires Warren Buffett and Bill Ackman couldn't be further apart on Valeant Pharmaceuticals International Inc. In back-to-back television interviews Monday on CNBC, Buffett lambasted the embattled drugmaker over its price increases and business practices, while Ackman -- whose firm Pershing Square Capital Management LP is one of Valeant's biggest holders -- praised its great products.

Valeant Falls After Buffett Calls Business `Enormously Flawed'

bloomberg.com — Valeant Pharmaceuticals International Inc. declined as much as 13 percent, the most in a month and a half, after billionaire Warren Buffett criticized the drugmaker's strategy at the annual meeting of his company, Berkshire Hathaway Inc. Valeant was down 12 percent to $29.38 at 11:11 a.m. in New York.

Aetna raises 2016 forecast after profit tops estimates

Aetna raises 2016 forecast after profit tops estimates
benefitspro.com — Aetna Inc. , the No. 3 U.S. health insurer by membership, raised its earnings forecast for the year after first-quarter profit topped analysts' estimates, helped by rising premiums. The health insurer now expects 2016 earnings of $7.90 to $8.10 a share, excluding some items, up from a February forecast of at least $7.75, according to a statement Thursday.

Aetna Raises 2016 Forecast After Profit Tops Estimates

bloomberg.com — Aetna Inc., the No. 3 U.S. health insurer by membership, raised its earnings forecast for the year after first-quarter profit topped analysts' estimates, helped by rising premiums. The health insurer now expects 2016 earnings of $7.90 to $8.10 a share, excluding some items, up from a February forecast of at least $7.75, according to a statement Thursday.

Abbott to Buy St. Jude Medical in Deal Valued at About $25 Billion

bloomberg.com — Abbott Laboratories agreed to buy St. Jude Medical Inc. in a deal that values the maker of heart devices at $25 billion, expanding its cardiovascular offerings as the industry consolidates to gain bargaining power with hospitals. St.

Valeant Sets Incoming CEO Joe Papa's Pay at $67.4 Million

bloomberg.com — Valeant Pharmaceuticals International Inc. will pay incoming Chief Executive Officer Joe Papa about $67.4 million in cash, options and restricted stock for this year.

Anthem Profit Beats Estimates as Insurer’s Enrollment Increases

bloomberg.com — Anthem Inc., the No. 2 U.S. health insurer, posted first-quarter profit that beat analysts' estimates as medical membership increased. Earnings were $3.46 a share, excluding some items, Anthem said Wednesday in a statement, compared with the $3.32 average of 19 predictions compiled by Bloomberg.

UnitedHealth Quits More Obamacare Markets, Exiting Kentucky

bloomberg.com — UnitedHealth Group Inc. will pull out of Kentucky's individual marketplace for Obamacare plans, bringing to 26 the number of states the health insurer is quitting next year. The company plans to halt sales of individual plans in Kentucky for 2017, both inside and outside the state's Affordable Care Act exchange, as well as the small-business exchange, UnitedHealth said in a letter to the state's insurance department.
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May 04, 2016

RT @samanthann: Missouri insurance dept. says it has NOT received any information that #Humana is withdrawing any of its insurance offerings here.

May 03, 2016

RT @larry_levitt: Oregon individual market health insurers are requesting 2017 rate increases of 0 to 32.3% (subject to state review). httporegon.gov/newsroom/Pages…://t.co/oXJbn5QzXd

May 03, 2016

MetLife pays record Finra fine for misleading like 3/4 of replacement annuity customers bloomberg.com/news/articles/… via @k_chiglinsky

May 03, 2016

when your commute is a lede anecdote, or why I walk to work nytimes.com/2016/05/04/nyr… @emmagf

May 03, 2016

RT @RobertLangreth: “It is theoretically possible to set a price that is too high. We have yet to identify such a situation.” https://t.cobloom.bg/1SKjtgXvnXRxJSm56

May 02, 2016

Mammas don't let your babies grow up to be Valeant CEOs, Buffett says bloomberg.com/news/articles/…

May 02, 2016

RT @mkmcollins: Valeant Falls as Buffett Calls Business `Enormously Flawed' bloom.bg/1VH2ZMx via @business and @ZTracer


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