Category:

Health

Malaysia and India will see higher Employer-sponsored health care benefit costs in 2020:WTW

The survey also found mental health conditions are expected to become of the most significant cost factors over the next five years. Two-thirds (66 per cent) of insurers expect that behavioural and mental health conditions will become one of the most costly medical conditions and form the bulk of medical expenses other than hospital and inpatient care in the next five years.

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How pharma firms are using Blockchain to track down counterfeit drugs

-“The current point-to-point systems infrastructure lacks the ability to keep data in sync across the healthcare supply chain, which ultimately increases the risk of counterfeit, diverted or otherwise illegitimate products,” David Vershure, head of channel and contract management for Roche’s Genentech unit, said in a statement.
-Among the 24 participating companies are Amgen Inc., FedEx Corp., GlaxoSmithKline Plc, Novartis, AmerisourceBergen Corp., Sanofi, Walgreens Boots Alliance Inc. and Walmart Inc.

-The World Health Organization estimates that counterfeit medicines worth 73 billion euros ($79.26 billion) are traded annually.

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China’s Ping An Insurance says Coronavirus outbreak could hit business

-Ping An’s comments on the virus were included in its annual results, where the company reported a 39% increase in annual net profit on the strength of its retail business, but missed expectations.

-The coronavirus outbreak in China has caused widespread disruption to businesses and factory production, raising worries about the country’s economic outlook as growth is expected to slow sharply in the first quarter.

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Coronavirus outbreak to have limited impact on India, says RBI Governor

“Most of the large pharma companies, according to information that we have, always keep stock for three-four months. So, therefore, they should be able to manage and also those provinces from where these pharma intermediates are sourced have not been impacted by the virus outbreak. Therefore, there is an expectation that the supply of pharma raw materials will be maintained,”RBI Governor Shaktikanta Das said.

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