Medicaid News and Research

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Medicaid is the United States health program for eligible individuals and families with low incomes and resources. It is a means-tested program that is jointly funded by the states and federal government, and is managed by the states.

Premier Purchasing Partners announces new agreements for exam gloves

Premier Purchasing Partners, LP, today announced new agreements for exam gloves have been awarded to Cardinal Health of Waukegan, Ill.; Digitcare Corporation of Los Angeles, a minority business enterprise; Innovative Healthcare Corporation of Sand Springs, Okla., a veteran business enterprise; Kimberly-Clark Corporation of Roswell, Ga.; Medgluv Inc. of Fort Lauderdale, Fla., a minority business enterprise; Medline Industries Inc. of Mundelein, Ill.; and Tronex Company of Parsippany, N.J., a minority business enterprise.

30 Apr 2010

Florida Congress members introduce bill to stiffen Medicare fraud laws

Two members of Congress from Florida, emphasizing that "criminal penalties for Medicare fraud must be updated," have introduced legislation that would "double fines, increase background checks and even study how biometric technology could help ensure the appropriate use of program services." Reps. Ileana Ros-Lehtinen, R-Fla., and Ron Klein, D-Fla., said the bill "will help crack down on Medicare fraud, protecting seniors and taxpayers alike.

30 Apr 2010

Endo Pharmaceuticals reports 9% increase in first-quarter 2010 revenues

Endo Pharmaceuticals today reported financial results for the first quarter 2010.

30 Apr 2010

HMS first-quarter revenue up 30.1% to $65.0 million

HMS today announced financial results for its first quarter ended March 31, 2010.

30 Apr 2010

Federal, state and local governments will need to invest more than $5 billion in health IT: INPUT

The recently passed health care reform legislation will require significant investment in IT solutions and system upgrades throughout its implementation. A new report, IT Implications of Health Care Reform, released by INPUT, predicts federal, state and local governments will need to invest more than $5 billion in health IT and traditional IT solutions in order to implement requirements of the new law.

30 Apr 2010

LifePoint Hospitals' first-quarter 2010 revenues up 6.9%

LifePoint Hospitals, Inc. today announced results for the first quarter ended March 31, 2010.

30 Apr 2010

REGN reports net loss of $30.5M for first-quarter 2010

Regeneron Pharmaceuticals, Inc. announced financial and operating results for the first quarter of 2010. The Company reported a net loss of $30.5 million, or $0.38 per share (basic and diluted), for the first quarter of 2010 compared with a net loss of $15.4 million, or $0.19 per share (basic and diluted), for the first quarter of 2009.

30 Apr 2010

Magellan Health Services reports net revenue of $728.1M for first-quarter ended March 31, 2010

Magellan Health Services, Inc. today reported net revenue of $728.1 million, net income of $25.5 million or $0.73 per diluted common share, and segment profit, representing income from continuing operations before stock compensation expense, depreciation and amortization, interest expense, interest income, gain on sale of assets, special charges or benefits, and income taxes, of $61.4 million for the quarter ended March 31, 2010.

30 Apr 2010

Coventry Health Care reports net earnings of $97.3 million for first-quarter 2010

Coventry Health Care, Inc. today reported consolidated operating results for the quarter ended March 31, 2010. Operating revenues totaled $2.9 billion for the quarter with net earnings of $97.3 million, or $0.66 earnings per diluted share (EPS). Excluding the favorable impact of Medicare Advantage Private Fee-for-Service (MA-PFFS) results in the quarter, operating revenues totaled $2.9 billion for the quarter with net earnings of $71.9 million, or $0.49 EPS.

30 Apr 2010

Amerigroup reports net income of $42.2M for first-quarter 2010

Amerigroup Corporation today announced that net income for the first quarter of 2010 was $42.2 million, or $0.82 per diluted share, versus $40.2 million, or $0.79 per diluted share, for the fourth quarter of 2009.

30 Apr 2010

Johnson & Johnson subsidiaries agree to pay over $81M to resolve Topamax illegal promotion allegations

American pharmaceutical manufacturers Ortho-McNeil Pharmaceutical LLC and Ortho-McNeil-Janssen Pharmaceuticals Inc., both subsidiaries of Johnson & Johnson, have agreed to pay more than $81 million to resolve criminal and civil liability arising from the illegal promotion of the epilepsy drug Topamax, the Justice Department announced today.

30 Apr 2010

Health reform politics still swirling; SEIU close to choosing new leader

CongressDaily: "When House Minority Leader Boehner ranks wholesale repeal of healthcare reform as Republicans' No. 1 priority, that thinking might be more wishful than pragmatic." If the GOP scores significant gains in the upcoming midterm and 2012 elections, they could draw Democrats back to the table to renegotiate certain parts of the law.

30 Apr 2010

Health insurers adopt reform changes early; WellPoint reports rising profits

Following announcements by leading health insurers that their firms would end the practice of rescission, or stripping the sick from their roles, the broader insurance industry followed suit, according to a letter from America's Health Insurance Plans to congressional Democrats, Politico reports. "The decision to end rescission … was made during a Tuesday afternoon conference call of chief executives organized by their trade group, America's Health Insurance Plans, and represents the industry's latest attempt to build political good will after the bruising health care fight."

30 Apr 2010

States crack down on discount health plans

Kaiser Health News: "State regulators are cracking down on a health care product that targets the growing group of uninsured and underinsured Americans: the discount health plan.

30 Apr 2010

Republicans call for investigation of health law's costs

Politico: "House Republicans on Wednesday demanded an investigation into whether the health care overhaul plan would increase national health spending, following a recent report from the Centers for Medicare and Medicaid Services that showed cost increases, at least in the first decade." The Medicare actuary's report showed a one percent increase in health spending over 10 years, which Republicans said cut against Democrats' pledge that the health overhaul would "bend the cost curve down."

30 Apr 2010

Partisan disagreement mounts as health programs are considered by debt commission

This week's focus on the federal deficit -- at a fiscal summit that drew many major policy makers and at the opening of President Barack Obama's bipartisan debt-reduction commission -- has renewed interest in the economic effects of the new health care law, especially given Obama's remarks that everything, even that law, would be under consideration by the commission as it looks to cut the national debt.

30 Apr 2010

Study examines doctors' uncompensated daily work

The New York Times: "A new study detailing the uncompensated work burden on family doctors points to the need to change how they are paid, medical experts say — particularly as the new health care law promises to add millions more patients to the system. … Family doctors make up the embattled front line of the nation's health care system.

30 Apr 2010

EMSC and State of Idaho to provide medical transportation management services for Medicaid beneficiaries

Emergency Medical Services Corporation today announced that its American Medical Response subsidiary has entered into a new agreement with the State of Idaho to provide non-emergency medical transportation management services for the State's Medicaid beneficiaries.

30 Apr 2010

Bristol-Myers Squibb reports 11% increase in first-quarter 2010 revenue

Bristol-Myers Squibb Company today reported strong sales and earnings growth for the first quarter of 2010.

30 Apr 2010

Celgene's first-quarter non-GAAP total revenue up 31% to $789 million

Celgene Corporation announced non-GAAP net income of $294.6 million, or non-GAAP diluted earnings per share of $0.63 for the quarter ended March 31, 2010. Non-GAAP net income for the first quarter of 2009 was $205.1 million or non-GAAP diluted earnings per share of $0.44. Based on U.S. GAAP, Celgene reported net income of $234.4 million, or diluted earnings per share of $0.50 for the quarter ended March 31, 2010. GAAP net income for the first quarter of 2009 was $162.9 million, or diluted earnings per share of $0.35.

29 Apr 2010