47abc
March 12, 2021
DELAWARE -Lawmakers introduced a bill that would prohibit manufacturers from raising the the price of prescription drugs. Although the bill is in it’s early stages, the issue of outstanding drug prices continues to be a concern for some.
House Bill 62 would limit the prices charged to consumers for generic and off-patent drugs. In collaboration with the Delaware Department of Insurance, the state is working to address pharmacy benefit managers (PBM).
PBM is the bridge between drug manufacturers and pharmacies, and as of right now it’s an unregulated multi million dollar industry. The state insurance department says, too many times they see people having to pay for their prescription drugs over a house bills because of some of these prices. They believe this is the year to seriously address it head on.
Apollo And Athene To Merge In All-Stock Transaction
GlobeNewswire
Apollo and Athene have entered into a definitive agreement to merge in an all-stock transaction that implies a total equity value of approximately $11 billion for Athene.
Under the terms of the transaction, each outstanding Class A common share of Athene will be exchanged for a fixed ratio of 1.149 shares of Apollo common stock. Upon closing of the merger, current Apollo shareholders will own approximately 76% of the combined company on a fully diluted basis, and Athene shareholders will own approximately 24%.
The merger of Apollo and Athene combines two growth companies providing products and services that are in high demand – investment returns and retirement income. The stronger capital base and complete alignment will allow the company to rapidly scale asset and liability origination, broaden distribution channels and act as a leading global solutions provider. The company will operate in an environment power
February 23, 2021
Welcome to Medicare seminars set Feb. 24
Delaware Medicare Assistance Bureau and the Delaware Department of Insurance will host virtual Welcome to Medicare seminars at 10 a.m. and 6 p.m., Wednesday, Feb. 24. The bureau provides free, unbiased information and counseling to people covered by Medicare. DMAB and the Department of Insurance host free Welcome to Medicare events throughout the state. Many people who join Medicare have questions and concerns about their new, different type of health insurance. Also important deadlines exist for certain new Medicare Advantage plans and prescription drug coverage. For more information or to register, go to de.gov/dmabcalendar or call 302-674-7364.
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