Holy ROI Batman: US antifraud teams recover $7.90 per $1 spent
This article was originally published in Scrip
As the US sits teetering on the edge of another cliff – this time "Mount Sequestration," albeit a manmade mountain – and the Obama administration and Congress mull over where they can slice another piece from the federal spending pie, Health and Human Services (HHS) and the Department of Justice (DOJ) this week pointed to their joint Health Care Fraud and Abuse Control (HCFAC) program as one area of the government that actually has achieved a remarkable return on investment (ROI): $7.90 per every $1 spent over the past three years.
You may also be interested in...
With new funding in hand, Moderna and its infectious disease venture Valera are going full-speed ahead with a Zika vaccine, taking an mRNA approach, which they said could be a more rapid strategy to try to stop the disease.
Allergan CEO Brent Saunders vows not to engage in price gouging and says his firm will limit cost increases to single-digit percentages, occurring only once per year. But it's unclear whether Saunders will stand as a lone wolf in the industry or if others will make similar pledges.
Hillary Clinton's plan to rein in high prices of older medicines, which includes creating a federal panel that has authority to impose fines, may grab headlines, but some analysts think it's unlikely to get very far in a divided Washington.