by on May 30, 2018
New York might be getting a step closer to legalizing marijuana. The state health department has completed its much-anticipated study into the legalization of the drug, but as of the time of this writing it has not been released. Sources said Tuesday that the study — which Gov. Andrew Cuomo commissioned earlier this year — highlights the benefits of legalization on criminal justice reforms and a tax on the drug, but it stops short of fully endorsing the legalization. Two weeks ago, ...
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by on January 30, 2018
From left: Warren E. Buffett of Berkshire Hathaway, Jeff Bezos of Amazon and Jamie Dimon of JPMorgan Chase Amazon, Berkshire Hathaway, and JPMorgan Chase on Tuesday announced a partnership to cut health-care costs and improve services for their U.S. employees. The announcement slammed the shares of multiple companies in the health-care sector. The giant companies, which together employ more than 1.1 million workers, will launch an independent operation that's intended to be f...
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by on May 2, 2018
Pharmaceutical company Novo Nordisk's logo is displayed at its headquarters in Bagsvaerd, outside of Copenhagen, Denmark. Business looked challenging for Novo Nordisk at the end of 2016. As pressure mounted over the pharma giant’s soaring insulin prices, investors drove its stock down by a third on fears that policymakers would take action, limit prices and hurt profits. Then things got worse. A Massachusetts law firm sued the company and two other pharma firms on behalf of patients, c...
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by on July 13, 2018
The administration of New York Gov. Andrew Cuomo (D), who until recently referred to marijuana as a "gateway drug," released a state Health Department report on Friday that says the "positive effects" of legalization "outweigh the potential negative impacts." "Numerous NYS agencies and subject matter experts in the fields of public health, mental health, substance use, public safety, transportation, and economics worked in developing this assessment," the 75-page document says. "No insurm...
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by on February 8, 2018
In Kurt Vonnegut's 1965 book, God Bless You, Mr. Rosewater, the protagonist inherits a massive sum of money from his wealthy family. Rosewater, who has no use for the American class system, decides the money should be spent on a foundation that gives money and love to people who are deemed as "useless to society" by the "rapacious citizens who have come to control all that is worth controlling in America." He is taken to court by an irate family whose lawyers argue that such unconditional g...
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by on May 24, 2018
The state of New York would gain an estimated $434 million annually in new tax revenue under a regulated adult use marijuana market, according to an analysis prepared by the New York City Comptroller's office. The report estimates the size of the statewide cannabis market to be $3.1 billion. "Our analysis shows that a 10% retail excise tax on marijuana sales, together with sales tax at the existing rate of 4%, would generate roughly $436 million in New York State tax revenue annually," au...
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by on February 2, 2018
Gov. Cuomo says New York will continue to provide Obamacare initiatives despite federal attempts to thwart the legislation. New York’s Obamacare program reached a new high, with more than 4.3 million people signing up for healthcare coverage, state officials announced Thursday. The 2018 totals marked an increase of about 700,000 people from a year ago, officials said. The 2018 enrollment period ended on Jan. 31. "Covering 4.3 million New Yorkers is truly a historic milestone," said ...
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by on March 10, 2018
This morning, the health insurer Cigna announced that it plans to buy pharmacy benefit manager Express Scripts for $54 billion. And with that move – long-telegraphed but seismic – the market for prescription drugs could change dramatically. The big question: will patients benefit, or will this just protect insurance company bottom lines? Like whale sharks, healthcare companies just keep getting bigger. What's the big deal? Most insurance plans use an outside firm called a pharmacy bene...
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by on June 5, 2018
Last month, a front page New York Times story about the city’s marijuana possession enforcement set off alarm bells. Its headline: “Surest Way to Face Marijuana Charges in New York: Be Black or Hispanic.” The city’s longstanding unequal and unjust marijuana enforcement was well-known and well-documented by news outlets including The Daily News, Politico New York, WNYC and organizations like The Drug Policy Alliance and Legal Aid Society. Over the last two years, more than 85 percent of...
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by on May 31, 2018
CBD is a chemical compound that, like THC, is derived from cannabis and hemp, but it’s non-psychoactive. Azuca's CBD-infused products include sugar and lemonade. The company will later introduce syrups. As mounting political pressure makes the legalization of recreational cannabis in New York likelier by the day, the founder of a popular brunch spot known for its family-friendly, wholesome vibe is getting ahead of the curve. Bubby’s owner Ron Silver, who founded his original upscale...
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by on February 8, 2018
The Amazon healthcare effort and CVS-Aetna merger raise lots of questions. Last Tuesday, Amazon, JP Morgan, and Berkshire Hathaway announced that they were coming together to do…something related to healthcare for their 1.2 million employees and could possibly expand to the public. We don’t know whether they’ll provide health insurance, offer health clinics at company buildings and/or Whole Foods stores, or just use their size to negotiate better prices with existing insurance compa...
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by on June 12, 2018
A new report looks at the impact of speaking fees, free meals and other perks on New York doctors' prescribing habits New York doctors who accepted speaking fees, honoraria, meals and other forms of payment from opioid manufacturers started writing more prescriptions for the narcotic painkillers, according to an analysis from the New York State Health Foundation. When comparing physicians in similar specialties who historically prescribed similar amounts of opioids, the researchers fou...
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