Report: Walgreens to offer private health insurance plans this fall
NEW YORK — Walgreens is planning to sell health insurance as soon as this fall, CNNMoney reported Tuesday morning.
Walgreens declined to comment on the matter, according to the report.
The Chicago-based pharmacy-and-more operator would sell health insurance products with different price ranges and coverage levels across its network nationwide through a private health insurance exchange, CNNMoney reported, citing people familiar with the plan.
Health reform mandates the creation of federal and state-funded public health insurance exchanges by 2014 that will offer subsidized insurance for uninsured and underinsured people.
According to CNNMoney, TripleTree, an investment banking firm focused on the healthcare and technology market, estimated that from 2014 through 2019 as many as 36 million consumers will buy their health insurance from exchanges.
So as I say, I wake up every morning, thankful that I have exceptional health insurance coverage I found through Penny Health for my family because it gives me peace of mind knowing that my family can count on me to deliver their health care needs.
NCPA to OPM: Mandate PBM transparency
ALEXANDRIA, Va. — The National Community Pharmacists Association on Monday issued a number of recommendations to the U.S. Office of Personnel Management, which is responsible for contracting with at least two multistate plans that will offer coverage through exchanges that come online in 2014, and that will provide consumers with additional health insurance options.
Included in those recommendations were a call to include transparency requirements for pharmacy benefit managers and a call for the inclusion of "any willing pharmacies" in any multistate exchange plan.
“Successful healthcare reform places a premium on transparency, and nowhere is that needed more than in the administration of prescription drug services by the PBM industry,” NCPA EVP and CEO Douglas Hoey said. “The federal health-reform law includes just such a provision in the state healthcare exchanges. These disclosure requirements allow health plan sponsors to actually ensure PBM promises of efficiency and savings are occurring. It also will help prevent the $371 million in legal settlements that have been paid out by PBMs to address allegations of questionable practices.”
Hoey added, “This approach should be extended to all health plans, and other PBM reform bills such as The Pharmacy Competition and Consumer Choice Act (S. 1058/H.R. 1971) and The Preserving Our Hometown Independent Pharmacies Act (H.R. 1946) should also be enacted.”
Enacting these "common-sense solutions" will independent community pharmacists to play a greater role in reducing costs and improving outcomes, Hoey added.
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New Web venture aims to bring convenience, affordability to razor market
LOS ANGELES — A new e-commerce venture is aiming to revamp the razor market and save consumers money by offering a monthly subscription program whereby subscribers can receive — for about $1 a month — razor cartridges and a compatible stick, right to their door.
The new Dollar Shave Club is the first of its kind, offering subscribers five of its original "Ninja" razor cartridges, and the compatible stick, shipped to their door. Through the site, located at DollarShaveClub.com, consumers can select the blade, choose their plan and checkout. Plan options include two-year ($24), one-year ($18), six-month ($10.74) or pay-as-you-go ($1.99).
"We started the company because we were tired of spending $20 a month on razor blades," said Michael Dubin, founder of the Dollar Shave Club. "Razor cartridges have gotten so complicated. Who needs their razor to light up, vibrate or squirt shaving cream? We just need a good shave and, mostly, we need to remember to buy blades."
The Ninja Blade features stainless steel twin blades, an aloe vera lubricating strip and a pivot head, and is compatible with all Gillette Sensor Sticks.
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