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By Staff Reporters
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UnitedHealthcare’s stunning advance notification change to it’s colonoscopy coverage roils physicians and patients, alike.
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The Biden administration is confident it will succeed in the courts against Merck & Co’s lawsuit filed on Tuesday, the White House said, defending the Medicare health insurance program’s authority to seek deals on medicine prices. “We are confident we will succeed in the courts: there is nothing in the Constitution that prevents Medicare from negotiating lower drug prices,” White House spokeswoman Karine Jean-Pierre said in a statement.
CITE: https://www.r2library.com/Resource
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Behind negative returns for shares of UnitedHealth and Merck, as noted above, UnitedHealth’s shares were off $14.28, or 2.9%, while those of Merck have dropped $3.23, or 2.9%. A $1 move in any one of the 30 components of the Dow results in a 6.59-point swing. In summary:
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Here is where the major benchmarks ended yesterday:
- The S&P 500® Index was up 10.04 points (0.2%) at 4283.84; the Dow Jones industrial average was up 10.48 at 33,573.34; the NASDAQ Composite was up about 47 points (0.36%) at 13,276.42.
- The 10-year Treasury yield was little changed at 3.687%.
- CBOE’s Volatility Index was down 0.70 at 14.03.
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Filed under: "Ask-an-Advisor", Alerts Sign-Up, Drugs and Pharma, Health Economics, Health Insurance, Health Law & Policy, Investing | Tagged: Biden, CBOE, DJIA, DOW, gold, markets, Merck, NASDAQ, oil, S&P 500, Treasury yields, UHC, United Health Care, Volatility Index |
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