Mayor Pete Buttigieg Targeting Big Pharma in Bid to Set Health-Care Plan Apart

The debate over the future of health care has first segment of Medicare For All proposal also promises strong caps on out-of-pocket costs at $200 per year, and Sen. Bernie Sanders bill to that effect Twenty-nine percent of Americans report not taking medications as prescribed due to cost in the past year, including one in five who have not filled a prescription because of high prices and one in 10 who have skipped doses or cut pills in half to stretch their medication. Buttigiegs plan, like those of his chief rivals, would also empower the governmentthe largest purchaser of pharmaceuticals in the worldto negotiate drug prices for consumers on government health plans, what the campaign calls Walmart logic, allowing for …

What leading HealthTech VCs are investing in

Why is tech still aiming for the healthcare industry? It seems full of endless regulatory hurdles or stories of misguided founders with no knowledge of the space, running headlong into it, only to fall on their faces. Theranos is a prime example of a founder with zero health background or understanding of the industry — and just look what happened there! The company folded not long after founder Elizabeth Holmes came under criminal investigation and was barred from operating in her own labs for carelessly handling sensitive health data and test results. But sometimes tech figures it out. It took years for 23andMe to breakthrough FDA regulations — it’s since more than tripled its business and moved into drug discovery. …

Trumps Obamacare Replacement Push Has Been Totally Abandoned

Back in March, President Donald Trump tasked a trio of Republican senators with crafting a beautiful new bill that would, once and for all, replace Obamacare with something else. At the time, those lawmakersSens. Rick Scott (R-FL), John Barrasso (R-WY), and Bill Cassidy (R-LA)didnt exactly embrace the effort with open arms. But they didnt dismiss it out of hand either, declaring theyd work with the White House on a number of health-care initiatives. Three months later, its clear that replacing the Affordable Care Act could not be further from GOP senators list of top priorities. In brief interviews with The Daily Beast on Wednesday, the senators that Trump publicly tasked with finally nuking Obamacare were glad to talk about anything …