TWITTER Week of August 30, 2021 (see last week)
Consumer World Original
We've all seen the commercials for Neuriva, the "proven" supplement to sharpen your brain. Not so fast say some consumer lawyers who have sued the company for false advertising and misrepresentation. We examine the claims and the questionable changes the company agreed to make when they settled the case.
That is our Mouse Print* story this week.
This year, the federal government ordered hospitals to begin publishing a complete list of the prices for procedures that they negotiated with private insurers. This story shows that hospitals are charging patients wildly different amounts for the same basic services based on what insurance you have. And it provides numerous examples of major health insurers negotiating surprisingly unfavorable rates for their customers. In many cases, insured patients are charged prices that are higher than what they would be if they pretended to have no coverage at all. Links to story: NY Times directly (limited views), alternate archived link.
The New York Times site that reviews products, Wirecutter, says many advertised sales only offer marginal savings. [Alternate link.] It suggests ways to determine how good a sale really is.
The 15-minute CNBC video above takes a deep look into the pharmacy business explaining how middlemen called pharmacy benefit managers play a huge role in determining what price you pay for a particular drug. Sometimes cash buyers who use a discount card can actually pay less than those with prescription drug coverage from their health insurer. [Link to video]
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