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News Archives

Health-care stocks plunge after federal judge rules Obamacare unconstitutional

Dec 18, 2018 , CNBC Health
U.S. District Court Judge Reed O'Connor of Texas argued that the Affordable Care Act cannot stand on its own since Congress last December repealed the individual mandate, which imposed a tax penalty on consumers who went...
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J&J announces $5 billion share buyback program after report wipes out $50 billion in market value

Dec 18, 2018 , CNBC Health
Johnson & Johnson plans to repurchase $5 billion in shares after the company lost more than $50 billion in market value over two trading days following a scathing news report Friday claiming J&J knew its talc baby powders contained...
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McKesson's Change Healthcare is close to buying blockchain health-tech start-up PokitDok

Dec 18, 2018 , CNBC Health
The deal could help medical distribution giant McKesson get a leg up in blockchain...
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Hospitals Plan Responses to Rising Uninsured Rates

Dec 18, 2018 , Healthcare Business News
Dec. 14—New data showing that the number of uninsured increased in 2017 for the first time since 2010 have left hospitals to find responses to protect their finances....
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Yes, Obamacare is still the law of the land despite US court ruling striking it down

Dec 18, 2018 , CNBC Health
The ruling by U.S. District Court Judge Reed O'Connor of Texas doesn't block the ACA, for now, and will likely be appealed to a higher court. The U.S. Department of Health and Human Services said it will continue enforcing "all aspects of the...
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Talc baby powder concerns undermine J&J's effort to bolster consumer products unit

Dec 18, 2018 , CNBC Health
J&J relaunched its baby care line this year. Sales showed signs of improvement, but a Reuters report alleging the company knew about asbestos in its talc baby powder products threatnens that. J&J has denied the...
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Here's how Trump hobbled Obamacare and drove enrollment down this year

Dec 16, 2018 , CNBC Health
While President Donald Trump didn't repeal and replace former President Barack Obama's signature health-care law, more commonly known as Obamacare, he was able to dismantle key parts of it that health policy researchers are blaming for a...
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This map shows states with extended deadlines to buy Affordable Care Act health insurance

Dec 15, 2018 , CNBC Health
Most people who do not sign up for Obamacare insurance by Saturday's open enrollment deadline will not be able to obtain coverage until next fall, unless they have a qualifying life event such as getting married or having a...
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Johnson & Johnson sell-off is 'excessive' in light of asbestos report, says Wells Fargo

Dec 15, 2018 , CNBC Health
The plunge in Johnson & Johnson's stock price following a report suggesting the company knew about asbestos in its baby powder is overdone and "excessive," Wells Fargo said...
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Dec. 17-21: Report Highlights Savings of Existing Medicare ACOs

Dec 15, 2018 , Healthcare Business News
Dec. 13—As the Trump administration considers a controversial overhaul of Medicare’s accountable care organization (ACO) program, a new report says the existing model has provided much more savings than previously found....
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Reuters stands by J&J report, says it was based 'entirely' on Johnson & Johnson documents

Dec 15, 2018 , CNBC Health
Reuters reporter Lisa Girion stands by her report that Johnson & Johnson knew for decades that asbestos was in its baby...
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J&J shares sink 10% after Reuters report on asbestos in Johnson & Johnson baby powder

Dec 15, 2018 , CNBC Health
Reuters says a review of documents and testimony showed that Johnson & Johnson executives, mine managers, doctors and lawyers were aware the company's raw talc and finished powders sometimes tested positive for small amounts of...
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Affordable Care Act ruled unconstitutional by federal judge, may set up a new Supreme Court battle

Dec 15, 2018 , CNBC Health
A federal judge in Texas ruled Friday that the Affordable Care Act was unconstitutional, potentially threatening coverage for millions of Americans and setting up a new legal showdown over former President Barack Obama's signature policy...
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Goldman downgrades Walgreens' stock to rare 'sell,' shares fall

Dec 15, 2018 , CNBC Health
Goldman analyst Robert Jones said he doesn't think Walgreens' numerous partnerships with other companies will help offset declines in its core retail pharmacy business. He downgraded Walgreens to "sell" from "hold"...
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J&J loses $39.8 billion in market value after report claims J&J knew about asbestos in baby powder

Dec 15, 2018 , CNBC Health
Investors sold off shares of Johnson & Johnson on Friday after a Reuters report said the company knew for decades that its baby powder contained asbestos, an allegation J&J has...
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Trump hails judge's ruling that struck down Obamacare 'disaster,' urges Congress to pass new bill

Dec 15, 2018 , CNBC Health
In a late night tweet, President Donald Trump urged Congress to pass a new "strong" health-care law that provides "great health-care and protects pre-existing...
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Amazon has explored getting into consumer health diagnostics — testing for disease at home

Dec 15, 2018 , CNBC Health
Amazon looked at buying Confer, a start-up developing at-home health tests prior to its acquisition of PillPack....
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Drones set to deliver blood and medical supplies to Ghana's hospitals

Dec 14, 2018 , CNBC Health
Ghanaian lawmakers have approved the deployment of drones to deliver medical supplies around the country, partnering with U.S. firm Zipline in a $12 million...
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Obama, Democrats make last push for Obamacare sign-ups amid Trump cuts in ad budget

Dec 13, 2018 , CNBC Health
Sign-ups for Affordable Care Act coverage are low this year and Democrats are blaming changes that took effect this year. The Trump administration scaled back the program's ad budget by 90 percent to $10 million last...
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Athenahealth founder and former CEO Jonathan Bush blasts activist investor, Elliott

Dec 13, 2018 , CNBC Health
Bush stepped down from the Athenahealth in June after allegations emerged that he attacked his then-wife 13 years ago. Atheneahealth had been locked in a fight with activist investor Elliott Management for more than a year....
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