Healthcare benefits

Catalyst Health Solutions Inc said it will buy Walgreen Co's pharmacy benefits management unit for about $525 million in cash, a deal that might spur more consolidation before big generic drug launches that could boost the business.

Employers have taken on new aggression toward cutting prescription benefit costs while enhancing quality of coverage. Even in a dark economy and among confounding health care reform legislation, prescription benefit managers are having success with new benefit tactics and evidence-based value design.

As many employers navigate their first months of compliance with the Patient Protection and Affordable Care Act, it could be assumed that employees are enjoying the quiet before the storm.

In a year replete with bad news, one of the most encouraging pieces of good news in 2010 was an uptick in the rate of growth of consumer-directed health plans. By the end of this year, more than 60% of U.S. employers are expected to offer a CDHP, according to a July 2010 GAO report.

The Internal Revenue Service issued new guidance allowing the continued use of flexible spending arrangement and health reimbursement arrangement debit cards for the purchase of prescribed over-the-counter medicines and drugs.

On New Years Day, millions of Americans will awaken to a very unpleasant surprise. Hundreds of medicines and drugs they were able to purchase just the day before on a tax-free basis will no longer be available tax-free.

The Internal Revenue Service has issued guidance to manufacturers and importers of branded prescription drugs on the annual fee imposed by the health care law.

AARP and the Consumer Reports Health publication have launched a Web site for consumers to compare price, effectiveness, safety and convenience of medications.