At his swearing-in ceremony, new Secretary of the Department of Health and Human Services, Alex Azar, stated that bringing the price of prescription drugs down and tackling the opioid crisis are two topics he will focus on. While there are no specifics on how he and President Donald Trump plan to do this, we will … Continue reading DID YOU KNOW?

Spending Resolution Affects ACA Taxes

On Jan. 22, 2018, President Donald Trump signed a short-term continuing spending resolution into law to end the government shutdown and continue funding through Feb. 8, 2018. The continuing resolution impacts the following three taxes and fees under the Affordable Care Act (ACA): Cadillac tax Health insurance providers fee Medical device excise tax Cadillac Tax … Continue reading Spending Resolution Affects ACA Taxes

Cigna to Buy Express Scripts in $67 Billion Deal

Health insurer Cigna Corp. announced today, March 8, 2018, that it would purchase Express Scripts Holding Co., a pharmacy benefits manager (PBM) for $67 billion in cash and stock, including $15 billion assumed for Express Scripts’ debt. This announcement is the latest in a trend of merging health care companies and follows the December 2017 … Continue reading Cigna to Buy Express Scripts in $67 Billion Deal