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The blood test maker is facing scrutiny over its testing methods. Elsewhere, lower earnings for insurer Assurant, hospital operator Community Health Systems and biodrug firm Biogen lead to market palpitations.
Shares of the Canadian pharmaceutical company dropped nearly 40 percent Wednesday before rebounding and ending the day down more than 15 percent after short-seller Citron Research accused Valeant of improper accounting and raised questions about its relationship with specialty pharmacies.
They put up 361 white crosses on state capitol grounds to signify the lives lost because of the legislature's refusal to act. Also, outlets report on Medicaid expansion news in South Dakota, New Jersey and California.
Starting Jan. 1, companies with 50 to 99 full-time employees must offer them health insurance or face fines. They also face new tax reporting deadlines on Jan. 31. In related health law news, a new survey finds that "$100 or less" is the limit that most consumers say they can afford in monthly health insurance premiums. And Minnesota Public Radio reports on the Cadillac tax debate.
The island, without federal help, is set to run out of money by the end of the year. Problems with its health care system are partially to blame, officials say.
President Barack Obama went to West Virginia Wednesday -- an area of the U.S. hard hit by the drug crisis -- to outline how he plans to increase access to drug treatment and expand the training of health professionals to deal with addiction.
The Democratic presidential candidate expressed concern Wednesday that this multibillion-dollar deal could take the balance of power too far away from consumers. The companies' stocks slipped after her comments.
The Wisconsin Republican's record on issues is also examined as he faces a key vote on the road to becoming speaker of the House. In the meantime, Politico looks at who is likely to succeed Ryan as chair of the House Ways and Means Committee.
Today's early morning highlights from the major news organizations.
A selection of opinions on health care from around the country.
News outlets report on health issues in Virginia, California, West Virginia, Michigan, Washington, Delaware, Missouri, Kansas and Maryland.
Insurers that manage care for the Massachusetts Medicaid program lost millions of dollars last year, spurring the lawmakers' concern. In other statehouse news, Mass. lawmakers also are skeptical of the governor's plan to curb opioid abuse. Meanwhile, New York lawmakers mull a plan to move people with disabilities to community residences. And, in Florida, the Senate president is advancing a measure to increase funding for infants and toddlers with developmental disabilities and delays.
VA Deputy Secretary Sloan Gibson says the agency can't catch up as more veterans seek care. In related news, investigators find that patients died while waiting for urology care at the Veterans Affairs hospital in Phoenix.
Elsewhere, a proposal to stave off a $54-per-month increase in Medicare premiums for some seniors could lead to a budget battle on Capitol Hill.
The New York Times reviews the finances of the former Florida governor, who has been critical of officials who trade on their connections. Elsewhere on the trail, Marco Rubio's calls for a repeal of the health law resonate with conservatives. And Hillary Clinton blasts the Iowa governor's plan to move to Medicaid managed care.
In other health industry news, Gritstone Oncology receives $102 million to fund the development of personalized cancer treatments, while Amino builds an online consumer service driven by its vast collection of medical treatment data.
An analysis by Hedge Clippers, an activist group, found 19 drugs have experienced stunning price hikes of between 300 percent and 1,200 percent over the past two years, and most of the companies responsible were backed by private capital. In related news, NBC News reports on "pay-to-delay" deals that drug makers employ to stave off generics.
The American Cancer Society said Tuesday that women should start getting the screening test at a later age -- 45 instead of 40 -- and fewer of them.
The medical center says the Pioneer accountable care organization model is "unsustainable." KHN also queries experts on whether they think ACOs are working.
The three Republicans running for governor, who all have said they would be open to expanding Medicaid to provide health coverage to the state's low-income residents, said they would want to modify the option provided in the health law to meet their concerns. Also in the news, Alabama's governor suggests he is weighing an expansion, although he is not expecting to act soon.
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