Wednesday, January 5, 2022: Payers

A report from the HHS Office of Inspector General found that roughly 20 percent of the $8 billion Medicare spent on lab tests in 2020 went toward COVID-19 tests. COVID-19 drove up Medicare’s overall spending on tests by 4 percent from 2019 to 2020, but spending...

Wednesday, January 5, 2022: M&A

Centene Corporation announced it completed its $2.2 billion acquisition of Magellan Health. The combination will create one of the country’s largest behavioral health platforms, including 41 million unique members. In addition to its behavioral health platform,...

Wednesday, January 5, 2022: Life Sciences

COVID-19 vaccine partners Pfizer and BioNTech SE are working together to develop an mRNA vaccine for shingles. BioNTech is contributing its proprietary mRNA technology while Pfizer is offering its antigen research. The drugmakers hope their shingles shot will be...

Wednesday, January 5, 2022: D.C. News

Texas Gov. Greg Abbott sued the Biden administration over their COVID-19 vaccine requirement for members of the National Guard. Abbott argues that federal officials are overreaching their authority to govern state troops, leaving him “to deal with the harms that...

Wednesday, January 5, 2022: D.C. News

The federal government ordered another 10 million courses of Pfizer Inc.’s COVID-19 antiviral treatment, bringing its total commitment to 20 million courses. However, only 35,000 of the additional courses will be delivered this month. President Joe Biden also...