Inside these posts: Prescription drug coverage

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Baxter International shakes up senior management

Baxter International Inc. Chief Executive Bob Parkinson shook up his management team, disclosing this afternoon the departure of two senior executives and a plan to combine the company’s renal and medication delivery businesses into a “single global unit.”

The move essentially turns Baxter into a company focused on two divisions: medical products and bioscience treatments. The medical products business will include medication delivery devices such as intravenous systems while the bioscience business will include drugs to treat immune system disorders and blood diseases such as its flagship drug Advate to treat people with hemophilia. Get the full story »

10% hikes seen in Medicare drug coverage next year

A new analysis of government data finds that millions of seniors face double-digit hikes in their Medicare prescription premiums next year unless they shop for cheaper coverage. Get the full story »