Health insurer’s stock plummets after Congressional investigation into short-term plans

Shares of a company selling short-term health insurance plans took a hit Wednesday after Congress members announced they were looking into the practice. Companies under the Congressional microscope either sell or assist consumers in signing Americans up for short-term limited-duration insurance, or STLDI. Shares of one of these companies — Health Insurance Innovations — dropped sharply after the news, first reported by Politico. Health care has been divisive issue for both sides of the aisle — e


Shares of a company selling short-term health insurance plans took a hit Wednesday after Congress members announced they were looking into the practice. Companies under the Congressional microscope either sell or assist consumers in signing Americans up for short-term limited-duration insurance, or STLDI. Shares of one of these companies — Health Insurance Innovations — dropped sharply after the news, first reported by Politico. Health care has been divisive issue for both sides of the aisle — e
Health insurer’s stock plummets after Congressional investigation into short-term plans Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: kate rooney, mike blake
Keywords: news, cnbc, companies, insurers, care, house, investigation, stock, coverage, plummets, shortterm, congressional, insurance, companies, consumers, health, plans, members


Health insurer's stock plummets after Congressional investigation into short-term plans

Shares of a company selling short-term health insurance plans took a hit Wednesday after Congress members announced they were looking into the practice.

House Democrats, led by Energy and Commerce Chairman Rep. Frank Pallone, D-N.J., are requesting documents from 12 healthcare companies regarding reports of practices like denying coverage and deceiving consumers.

“We are troubled that consumers who sign up for these plans are being misled about the nature of the coverage they are purchasing,” the Congress members said in a press release. “Consumers are being denied coverage even for medical care that is rightfully covered under the terms of their contract, through a process known as post claims underwriting.”

The House members said they sent letters to companies they say may have denied coverage entirely, charged more based on age, gender or health state, or refused to cover consumers that had pre-existing conditions. Companies under the Congressional microscope either sell or assist consumers in signing Americans up for short-term limited-duration insurance, or STLDI.

Shares of one of these companies — Health Insurance Innovations — dropped sharply after the news, first reported by Politico. The Tampa, Florida-based company, which trades on the Nasdaq, offers life, critical illness, dental and other insurance products. Shares closed 17 percent lower Wednesday, but are still up more than 15 percent this year.

UnitedHealth Group and Anthem were also among the 12 letter recipients and closed the day slightly higher.

Health care has been divisive issue for both sides of the aisle — especially since the introduction of the Affordable Care Act in 2010. Some Republicans have since moved to repeal the Obama administration’s signature healthcare law, while several Democratic presidential candidates are embracing an even more expansive “Medicare-for-all” insurance plan to cover every American.

Raymond James analyst Gregory Peters, who has an “outperform” rating on Health Insurance Innovations, said any investigation by the House Energy and Commerce Committee Democrats “should not come as a surprise.”

“We view the sell-off in the stock as an irrational overreaction with zero fundamental basis,” Peters wrote in a note to clients Thursday. “The only policy threat to short term health plans is if a Democrat wins the White House in 2021.”


Company: cnbc, Activity: cnbc, Date: 2019-03-13  Authors: kate rooney, mike blake
Keywords: news, cnbc, companies, insurers, care, house, investigation, stock, coverage, plummets, shortterm, congressional, insurance, companies, consumers, health, plans, members


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Why Alibaba is not competing with Amazon and Ebay for the US consumer

Alibaba is China’s largest e-commerce platform. In its latest earnings report, the company disclosed having 636 million annual active consumers on its China retail marketplaces. Its realm now covers cloud computing (Alibaba Cloud), digital media and entertainment, (Youku, Alibaba Pictures, Damai, Alibaba Music, Alisports.com) and logistics services (Cainiao). Alibaba is also part owner of financial services company Ant Financial. Watch the above video to find out why Alibaba hasn’t won over U.S.


Alibaba is China’s largest e-commerce platform. In its latest earnings report, the company disclosed having 636 million annual active consumers on its China retail marketplaces. Its realm now covers cloud computing (Alibaba Cloud), digital media and entertainment, (Youku, Alibaba Pictures, Damai, Alibaba Music, Alisports.com) and logistics services (Cainiao). Alibaba is also part owner of financial services company Ant Financial. Watch the above video to find out why Alibaba hasn’t won over U.S.
Why Alibaba is not competing with Amazon and Ebay for the US consumer Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: magdalena petrova, jewel samad, afp, getty images
Keywords: news, cnbc, companies, youku, competing, video, consumer, ecommerce, won, consumers, amazon, alibaba, company, ebay, services, cloud, united


Why Alibaba is not competing with Amazon and Ebay for the US consumer

Alibaba is China’s largest e-commerce platform. In its latest earnings report, the company disclosed having 636 million annual active consumers on its China retail marketplaces. That’s almost double the entire population of the United States.

Alibaba’s reach today expands far beyond e-commerce. Its realm now covers cloud computing (Alibaba Cloud), digital media and entertainment, (Youku, Alibaba Pictures, Damai, Alibaba Music, Alisports.com) and logistics services (Cainiao). Alibaba is also part owner of financial services company Ant Financial.

Despite its enormous Chinese following, Alibaba is still not a well known brand to many Americans.

Watch the above video to find out why Alibaba hasn’t won over U.S. consumers and how it has focused on attracting U.S. businesses.


Company: cnbc, Activity: cnbc, Date: 2019-03-05  Authors: magdalena petrova, jewel samad, afp, getty images
Keywords: news, cnbc, companies, youku, competing, video, consumer, ecommerce, won, consumers, amazon, alibaba, company, ebay, services, cloud, united


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Why the ‘Amazon coat’ from this Chinese brand is a must-have for US consumers

A $129.99 winter coat by Chinese fashion label Orolay has become a number one best-seller on Amazon, becoming so popular it is now known as the “Amazon coat,” after going viral on social media. The Jiaxing Zichi Trade Co owns the Orolay label and is headquartered in China’s eastern Zhejiang province. Orolay was founded in 2006 and started selling online in 2010, mainly targeting people in North America and Western Europe. The company does its own design, manufacturing and distribution, which it


A $129.99 winter coat by Chinese fashion label Orolay has become a number one best-seller on Amazon, becoming so popular it is now known as the “Amazon coat,” after going viral on social media. The Jiaxing Zichi Trade Co owns the Orolay label and is headquartered in China’s eastern Zhejiang province. Orolay was founded in 2006 and started selling online in 2010, mainly targeting people in North America and Western Europe. The company does its own design, manufacturing and distribution, which it
Why the ‘Amazon coat’ from this Chinese brand is a must-have for US consumers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: lucy handley
Keywords: news, cnbc, companies, chinese, consumers, womens, orolay, musthave, social, wrote, shoppers, women, brand, coat, sell, mintel, label, amazon


Why the 'Amazon coat' from this Chinese brand is a must-have for US consumers

A $129.99 winter coat by Chinese fashion label Orolay has become a number one best-seller on Amazon, becoming so popular it is now known as the “Amazon coat,” after going viral on social media.

The Women’s Thickened Down Jacket has been reviewed more than 6,000 times on the e-commerce site and comes in five colors, with shoppers saying they are delighted to have got their hands on one.

“Just as expected. Love,” wrote one in a review on Amazon, adding: “It’s warm and I am pleased and happy I spotted this so, so often when in NYC and now I have mine all the way in London.” Another wrote: “Finally got after seeing 20 women wearing (it) during one walk.”

Some reviewers compared Orolay to outerwear from designer labels such as Canada Goose and Moncler, which typically sell coats for upwards of $900.

The Jiaxing Zichi Trade Co owns the Orolay label and is headquartered in China’s eastern Zhejiang province. Orolay was founded in 2006 and started selling online in 2010, mainly targeting people in North America and Western Europe.

The company does its own design, manufacturing and distribution, which it says means it can pay workers fairly and sell garments profitably. “Our goal is to establish a fashion brand beloved by people throughout the world,” it states on its website.

Its success is due in part to the influence of shoppers’ peers, according to Alexis DeSalva, a senior retail and e-commerce analyst at consultancy Mintel. Fifty-six percent of women aged 18 to 34 would be willing to buy something because a friend posted about it on social media, compared to 38 percent for all age-groups, according to a survey by Mintel in the U.S. in September 2018.

“A well-reviewed item or one shared on certain social platforms can influence women’s shopping decisions, prompting them to buy an item and even share their purchase with others, which can result in a domino effect,” DeSalva said in an email to CNBC.


Company: cnbc, Activity: cnbc, Date: 2019-02-21  Authors: lucy handley
Keywords: news, cnbc, companies, chinese, consumers, womens, orolay, musthave, social, wrote, shoppers, women, brand, coat, sell, mintel, label, amazon


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Firms need to be ‘super transparent’ about consumers’ data: Microsoft

Firms need to be ‘super transparent’ about consumers’ data: Microsoft5 Hours AgoRalph Haupter of Microsoft says the company is “very much focused” on building trust with customers, who are increasingly aware of how their data could be used.


Firms need to be ‘super transparent’ about consumers’ data: Microsoft5 Hours AgoRalph Haupter of Microsoft says the company is “very much focused” on building trust with customers, who are increasingly aware of how their data could be used.
Firms need to be ‘super transparent’ about consumers’ data: Microsoft Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, microsoft5, increasingly, need, firms, trust, data, transparent, super, consumers, microsoft, hours, used


Firms need to be 'super transparent' about consumers' data: Microsoft

Firms need to be ‘super transparent’ about consumers’ data: Microsoft

5 Hours Ago

Ralph Haupter of Microsoft says the company is “very much focused” on building trust with customers, who are increasingly aware of how their data could be used.


Company: cnbc, Activity: cnbc, Date: 2019-02-20
Keywords: news, cnbc, companies, microsoft5, increasingly, need, firms, trust, data, transparent, super, consumers, microsoft, hours, used


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Watch Samsung’s Galaxy S10 announcement right here

Samsung is hosting an event in San Francisco where it is expected to unveil its new Galaxy S10 phone. We’re expecting it to announce that phone and possibly a couple of other devices. Samsung will use the event to show how it plans to take on Apple’s latest batch of iPhones, including on price. Rumors have suggested Samsung may also introduce a foldable phone called the Galaxy Fold. You can watch Samsung’s livestream to follow along with all of the announcements.


Samsung is hosting an event in San Francisco where it is expected to unveil its new Galaxy S10 phone. We’re expecting it to announce that phone and possibly a couple of other devices. Samsung will use the event to show how it plans to take on Apple’s latest batch of iPhones, including on price. Rumors have suggested Samsung may also introduce a foldable phone called the Galaxy Fold. You can watch Samsung’s livestream to follow along with all of the announcements.
Watch Samsung’s Galaxy S10 announcement right here Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, drew angerer, getty images
Keywords: news, cnbc, companies, samsung, xr, right, announcement, event, phone, device, samsungs, apple, galaxy, watch, fold, consumers, including, s10


Watch Samsung's Galaxy S10 announcement right here

Samsung is hosting an event in San Francisco where it is expected to unveil its new Galaxy S10 phone. We’re expecting it to announce that phone and possibly a couple of other devices.

Samsung will use the event to show how it plans to take on Apple’s latest batch of iPhones, including on price. Apple announced a more affordable iPhone XR this year, for example, which starts at $749. And both Samsung and Apple have struggled to keep consumers interested in their phones, as low-cost device makers including Huawei and Xiaomi continue to grow their market share. Samsung will need to wow consumers if it wants to retake that ground.

Rumors have suggested Samsung may also introduce a foldable phone called the Galaxy Fold. If it’s anything like a prototype Samsung showed off in November, it’ll act as a tablet that you can fold down into a device the size of a phone.

You can watch Samsung’s livestream to follow along with all of the announcements. The event begins at 2 p.m. Eastern.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, drew angerer, getty images
Keywords: news, cnbc, companies, samsung, xr, right, announcement, event, phone, device, samsungs, apple, galaxy, watch, fold, consumers, including, s10


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Samsung is making the same mistakes as Apple did with its new phones

Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. They’re not compelling enough for consumers to spend this sort of money. There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outsi


Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. They’re not compelling enough for consumers to spend this sort of money. There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outsi
Samsung is making the same mistakes as Apple did with its new phones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, sergei savostyanov, tass, getty images, dain evans
Keywords: news, cnbc, companies, iphones, faster, mistakes, phones, spend, samsung, speeds, consumers, galaxy, apple, data, phone, making


Samsung is making the same mistakes as Apple did with its new phones

Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. These are compelling, don’t get me wrong, but why should someone with a Galaxy S8 with an already-nice display and facial recognition, want to spend another $850 or $999 for these upgrades? They’re not compelling enough for consumers to spend this sort of money.

There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outside downloads. When LTE phones came out, we could suddenly place video calls and stream music. That made them must-haves. What is 5G going to add that will make consumers really need a phone that supports it?

We saw a similar innovation lag with the new iPhones. The screens got bigger, the processors got faster, and the cameras were slightly improved. All great features! Millions of people still bought them, but fewer than historically and not in markets where Apple needs to make up ground, like China. If anything, all I heard were complaints about how the new iPhones cost too much.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, sergei savostyanov, tass, getty images, dain evans
Keywords: news, cnbc, companies, iphones, faster, mistakes, phones, spend, samsung, speeds, consumers, galaxy, apple, data, phone, making


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Samsung is making the same mistakes as Apple did with its new phones

Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. They’re not compelling enough for consumers to spend this sort of money. There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outsi


Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. They’re not compelling enough for consumers to spend this sort of money. There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outsi
Samsung is making the same mistakes as Apple did with its new phones Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, sergei savostyanov, tass, getty images, dain evans
Keywords: news, cnbc, companies, iphones, faster, mistakes, phones, spend, samsung, speeds, consumers, galaxy, apple, data, phone, making


Samsung is making the same mistakes as Apple did with its new phones

Instead, Samsung introduced phones with more colorful displays, fingerprint readers that hide under the screen, and a fun feature that lets you charge wireless headphones by placing them on the back of the phone. These are compelling, don’t get me wrong, but why should someone with a Galaxy S8 with an already-nice display and facial recognition, want to spend another $850 or $999 for these upgrades? They’re not compelling enough for consumers to spend this sort of money.

There’s also a Samsung Galaxy S10 5G that promises faster data speeds, but it’s not launching until the second quarter. We’ve also seen no reason why faster data speeds will drastically improve our experience outside downloads. When LTE phones came out, we could suddenly place video calls and stream music. That made them must-haves. What is 5G going to add that will make consumers really need a phone that supports it?

We saw a similar innovation lag with the new iPhones. The screens got bigger, the processors got faster, and the cameras were slightly improved. All great features! Millions of people still bought them, but fewer than historically and not in markets where Apple needs to make up ground, like China. If anything, all I heard were complaints about how the new iPhones cost too much.


Company: cnbc, Activity: cnbc, Date: 2019-02-20  Authors: todd haselton, sergei savostyanov, tass, getty images, dain evans
Keywords: news, cnbc, companies, iphones, faster, mistakes, phones, spend, samsung, speeds, consumers, galaxy, apple, data, phone, making


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Indian and Chinese consumers set to be ‘hyper-targeted’ by Reckitt Benckiser in online sales push

The company wants to “hyper-target” consumers in the two countries, he said. “Today’s technology really gives you that possibility that you can target very dedicated parts of the population,” he said. Rakesh Kapoor, Reckitt Benckiser’s departing chief executive, said the company had tripled its investment in e-commerce and digital between 2017 and 2019. Kapoor claimed that the focus on digital had meant e-commerce sales grew by 40 percent in its health division, which makes products like Nurofen


The company wants to “hyper-target” consumers in the two countries, he said. “Today’s technology really gives you that possibility that you can target very dedicated parts of the population,” he said. Rakesh Kapoor, Reckitt Benckiser’s departing chief executive, said the company had tripled its investment in e-commerce and digital between 2017 and 2019. Kapoor claimed that the focus on digital had meant e-commerce sales grew by 40 percent in its health division, which makes products like Nurofen
Indian and Chinese consumers set to be ‘hyper-targeted’ by Reckitt Benckiser in online sales push Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, cameron costa
Keywords: news, cnbc, companies, indian, hypertargeted, products, online, differently, set, company, sales, benckiser, digital, know, ecommerce, reckitt, 2019, world, consumers, push, chinese


Indian and Chinese consumers set to be 'hyper-targeted' by Reckitt Benckiser in online sales push

Everything you need to know about former Oath CEO Tim Armstrong’s newest venture 9:10 AM ET Thu, 7 Feb 2019 | 04:44

In India, e-commerce has grown 10-fold over the last three years, de Groot added, and in China the figure is four times over the same period. The company wants to “hyper-target” consumers in the two countries, he said. “Today’s technology really gives you that possibility that you can target very dedicated parts of the population,” he said.

Consumer packaged goods companies have been finding ways to sell directly to consumers, as it means they can have closer relationships with the people that buy and use their products. Unilever, for example, bought Dollar Shave Club for $1 billion in 2016, while Procter & Gamble launched a rival subscription service for Gillette in 2017.

Rakesh Kapoor, Reckitt Benckiser’s departing chief executive, said the company had tripled its investment in e-commerce and digital between 2017 and 2019. “Our world around is disrupting in terms of digital — I mean, as human beings, as people, we are actually shopping differently, we are engaging new brands differently. We know that, everyone knows that. But knowing that and doing something about it is quite different.”

Kapoor claimed that the focus on digital had meant e-commerce sales grew by 40 percent in its health division, which makes products like Nurofen, Durex and Gaviscon. The company reported a 4 percent growth in like-for-like sales in its fourth quarter on Monday, ahead of analyst expectations of 3.3 percent.


Company: cnbc, Activity: cnbc, Date: 2019-02-19  Authors: lucy handley, cameron costa
Keywords: news, cnbc, companies, indian, hypertargeted, products, online, differently, set, company, sales, benckiser, digital, know, ecommerce, reckitt, 2019, world, consumers, push, chinese


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California Gov. Newsom calls for ‘new data dividend’ for consumers

LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data. “California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said, from the State Capitol in Sacramento. The Democrat said tech companies that “make billions of dollars collecting, curating and monetizing our personal data have a duty to pr


LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data. “California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said, from the State Capitol in Sacramento. The Democrat said tech companies that “make billions of dollars collecting, curating and monetizing our personal data have a duty to pr
California Gov. Newsom calls for ‘new data dividend’ for consumers Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff daniels, kevork djansezian, getty images, saul loeb, afp
Keywords: news, cnbc, companies, consumers, newsom, proposed, dividend, tech, gov, california, personal, address, plan, calls, privacy, data, state


California Gov. Newsom calls for 'new data dividend' for consumers

LOS ANGELES — In his first state of the state address on Tuesday, California Gov. Gavin Newsom proposed “a new data dividend” that could potentially allow residents to get paid for providing access to their data.

“California’s consumers should also be able to share in the wealth that is created from their data,” Newsom said, from the State Capitol in Sacramento. The Democrat said tech companies that “make billions of dollars collecting, curating and monetizing our personal data have a duty to protect it.”

Newsom, who took office just over four weeks ago, also used the address to call for the reeling in of two big-ticket projects — the state’s high-speed rail and proposed Delta twin tunnels.

The data dividend proposal follows the state legislature’s passage last year of a landmark data privacy bill, granting consumers specific rights related to their personal digital information that’s collected, shared or maintained by businesses. The legislation allows consumers to request that personal information be deleted and requires businesses that collect personal data to disclose how and why it’s being used.

Newsom said his staff asked him to come up with the plan. He didn’t provide details in his address, but some tech experts have suggested that companies like Facebook and Google should pay consumers for their data.

Democratic State Sen. Bob Hertzberg, who represents part of Los Angeles County and was one of the primary authors of the data privacy bill, described the plan as “the next frontier of the online and privacy conversation.”

Representatives for Facebook and Google didn’t immediately respond to requests for comment.


Company: cnbc, Activity: cnbc, Date: 2019-02-12  Authors: jeff daniels, kevork djansezian, getty images, saul loeb, afp
Keywords: news, cnbc, companies, consumers, newsom, proposed, dividend, tech, gov, california, personal, address, plan, calls, privacy, data, state


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FDA plans to strengthen oversight of dietary supplements market

The Food and Drug Administration plans to strengthen its oversight of the dietary supplement market in what Commissioner Scott Gottlieb called “one of the most significant modernizations of dietary supplement regulation and oversight in more than 25 years.” The dietary supplement industry is worth over $40 billion and the choices for consumers have skyrocketed from 4,000 products to 80,000 in the past 25 years, the agency said. It’s also creating the Botanical Safety Consortium, a partnership be


The Food and Drug Administration plans to strengthen its oversight of the dietary supplement market in what Commissioner Scott Gottlieb called “one of the most significant modernizations of dietary supplement regulation and oversight in more than 25 years.” The dietary supplement industry is worth over $40 billion and the choices for consumers have skyrocketed from 4,000 products to 80,000 in the past 25 years, the agency said. It’s also creating the Botanical Safety Consortium, a partnership be
FDA plans to strengthen oversight of dietary supplements market Cached Page below :
Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: jessica bursztynsky, astrid riecken, the washington post, getty images
Keywords: news, cnbc, companies, public, safety, fda, ingredients, products, oversight, market, agency, plans, dietary, supplement, strengthen, supplements, consumers


FDA plans to strengthen oversight of dietary supplements market

The Food and Drug Administration plans to strengthen its oversight of the dietary supplement market in what Commissioner Scott Gottlieb called “one of the most significant modernizations of dietary supplement regulation and oversight in more than 25 years.”

The agency is developing a new “rapid-response tool” to alert the public to avoid buying products that may contain unlawful or potentially dangerous ingredients, the agency said in a press release Monday.

The dietary supplement industry is worth over $40 billion and the choices for consumers have skyrocketed from 4,000 products to 80,000 in the past 25 years, the agency said.

“As the popularity of supplements has grown, so have the number of entities marketing potentially dangerous products or making unproven or misleading claims about the health benefits they may deliver,” said Gottlieb.

The agency is also looking to update its compliance policies with new dietary ingredient notifications, or NDIs, which requires manufacturers to alert the FDA of any ingredients that weren’t sold in the U.S. before 1994.

“An effective NDI notification process represents the FDA’s only opportunity to evaluate the safety of a new ingredient before it becomes available to consumers and helps promote transparency and risk-based allocation of resources,” said Gottlieb.

It’s also creating the Botanical Safety Consortium, a partnership between the public and private sectors, to evaluate the safety of botanical ingredients and mixtures in supplements.

“This group will look at novel ways to use cutting-edge toxicology tools, including alternatives to animal testing, to promote the goals of safety and effectiveness we share with consumers and other stakeholders,” said Gottlieb.

It also is hoping to make enforcement processes easier, which allows employees to issue warnings to companies and consumers.

The FDA rolled out part of its plan Monday morning when it sent warning letters to 17 companies for “illegally selling” products that claim to treat Alzheimer’s disease.

“I’m concerned that changes in the supplement market may have outpaced the evolution of our own policies and our capacity to manage emerging risks,” said Gottlieb. “To continue to fulfill our public health obligations we need to modernize and strengthen our overall approach to these products.”

The FDA said it will continue to roll out plans in the next few months and that it plans to open communication up to the public and stakeholders.


Company: cnbc, Activity: cnbc, Date: 2019-02-11  Authors: jessica bursztynsky, astrid riecken, the washington post, getty images
Keywords: news, cnbc, companies, public, safety, fda, ingredients, products, oversight, market, agency, plans, dietary, supplement, strengthen, supplements, consumers


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