President Donald Trump released a rule to require hospitals and insurers to disclose negotiated rates and fees. The rule will force hospitals to list charges for services, including the negotiated rates with insurers and prices for common tests and procedures. The rule is expected to go into effect in 2021. (Associated Press)
Amazon is rebranding PillPack as PillPack by Amazon Pharmacy. PillPack CEO T.J. Parker was also promoted to VP at the company. (CNBC)
An Oklahoma judge reduced the amount Johnson & Johnson owes in an opioid trial. The judge said J&J only needs to pay $465 million of the $572 million ordered this year when the company was found responsible for the state’s opioid crisis because of deceptive and unethical marketing. (Reuters)
Sen. Elizabeth Warren (D-MA) laid out a timeline for implementing Medicare for All. Warren said she would take steps to begin expanding public insurance within her first 100 days as president. She also said she wouldn’t move to eliminate private insurance until her third year. (CNBC)
Senators have proposed creating a federal agency to monitor drug prices. Sens. Cory Booker (D-NJ) and Bernie Sanders (I-VT) proposed a bill that would create a new agency, the Bureau of Prescription Drug Affordability and Access. The agency would determine the price of medicines. (CNN)
