Healthcare

Pharmacy benefits manager CVS Caremark has agreed to pay $5 million to settle an investigation by the Federal Trade Commission that it overcharged seniors and taxpayers in the Medicare prescription drug program. The FTC also announced it has concluded its investigation of the company.

Walgreens is on the offensive this month, informing both employers and employees that it’s no longer part of the Express Scripts network. Kermit Crawford, president of Walgreens’ pharmacy, health and wellness business, recently sat down with EBN to discuss how the company plans to move ahead.

Broker-dealers are up in arms over a little-known provision of the Department of Labor's 401(k) plan fee disclosure rules. Ready why some industry observers say the brokerage industry only has itself to blame.

A majority of human resource executives at U.S. hospitals and health care systems expect health care reform to hasten the transformation of the industry’s traditional business model, according to a new survey by Towers Watson. The survey also found that workforce issues, including shortages of primary care physicians, the need for a wider array of staff skills and new leadership models, will rise in importance as the industry grapples with this transformation.

U.S. health care spending barely rose in 2010 from record-low recession levels, as high unemployment and the loss of employer-sponsored health benefits forced many Americans to delay or forego medical treatment, government officials said.

HR’s role in merger and acquisition deals is growing, say M&A experts at management consulting firm PricewaterhouseCoopers.

Walgreens is going through "the worst" part of not being in Express Scripts Inc.'s network and, while the transition is difficult now, the drugstore should rebound as the year progresses, its top pharmacy executive said on Monday.

The majority (56%) of employers say they are likely to continue to offer employer-sponsored health insurance after the Patient Protection and Affordable Care Act largely goes into effect in 2014, according to a new survey conducted by GfK Custom Research North America.

Last week's report on unemployment shows that the economy continues to gather steam - payrolls grew by 200,000 and the jobless rate ticked downward again, to 8.5%.

When it comes to health care, small business owners aren't making any fast moves. Faced with higher premiums again in the year ahead, many business owners have found themselves in a holding pattern. They're concerned about the rising costs and the possible impact of health reform, but unsure about making any changes until they have more clarity or options.