WASHINGTON (Reuters) - U.S. House Speaker Nancy Pelosi released proposed legislation on Thursday that would allow the federal government to negotiate the prices of hundreds of prescription drugs for Medicare healthcare beneficiaries as well as other consumers. FILE PHOTO: U.S. House Speaker Nancy Pelosi (D-CA) looks down from a balcony during an interview with CNBC at the New York Stock Exchange (NYSE) in New York, U.S., September 17, 2019. REUTERS/Brendan McDermid Americans pay the highest prices for prescription drugs in the world, as most other developed nations have single-payer systems with the government negotiating prices for its people. Democrats promised to curb prescription drug prices during last year’s congressional election campaign, when they won the majority in the House of Representatives. U.S. President Donald Trump has also promised to lower prices but has been struggling to deliver on that before the November 2020 election. But many of Trump’s … [Read more...] about U.S. House Speaker Pelosi unveils proposal to lower drug prices
Consumer price index calculator
On a key health-care issue, Trump and Gillibrand made opposite claims within days of each other. To hear Trump tell it, prescription drug prices have fallen for the first time in 51 years. According to Gillibrand, a candidate for the Democratic presidential nomination, they haven't fallen. The White House and Trump's campaign pointed to the consumer price index for prescription drugs, which has seen annualized declines in six of the last seven months. Gillibrand's campaign said that the CPI for prescription drugs is flawed and that prices haven't fallen according to numerous independent studies. Neither one is entirely right, and both pick and choose what best supports their case. Let's dig in. Trump was referring to the consumer price index for prescription drugs, which is updated monthly by the Bureau of Labor Statistics. It measures the “price change of drugs purchased with a prescription at a retail, mail order, or Internet pharmacy,” according to BLS. "The … [Read more...] about Are prescription drug prices going down?
Patients pay treatment expenses at Nghe An province’s Northwestern Hospital. (Source: VNA) Hanoi (VNA) - The Ministry of Health (MoH) plans to halt a planned increase of medical service fees if the consumer price index (CPI) increases in 2019. Nguyen Nam Lien, head of the ministry’s Department of Financial Planning, said on June 4 that in 2019, healthcare costs would be calculated based on the increased basic salary of 1.49 million VND (64 USD) and management expenses of medical facilities. “However, the change will be based on CPI and socio-economic factors. If this year’s conditions are not favourable, the ministry will report to the Prime Minister to adjust in 2020. Prices for medical services including depreciation expenses will be applied in 2021,” he said. At present, healthcare prices are calculated based on a basic monthly salary of 1.39 million VND (59 USD) and direct costs for examination and treatment. Earlier, the MoH issued a circular on … [Read more...] about Health Ministry may walk back service fee hike
An editorial written by a Federal Reserve of Minneapolis president in The Wall Street Journal suggested the unemployment rate is no longer a great indicator of the economy. Neel Kashkari wrote that an issue was wage growth has only increased modestly and the rate only shows people who are looking for work — not those who simply stopped looking. He uses the example of prime working age Americans (25 to 54 years old) not in the labor force going down.Question: Is the unemployment rate still a good indicator of the economy? (Yes or No)Phil Blair, ManpowerYES: The unemployment rate is reasonably accurate and it is understood and followed by most people. We are mostly looking for trends rather than exact numbers by month. It is complicated to understand the variance when a large number of jobs are created, but unemployment goes up. We are concerned about the ratio of people looking for work to the number of jobs. If they are not actively looking for jobs then we don’t care that … [Read more...] about Econometer: Is the unemployment rate still a good indicator?
Sections SEARCH Skip to content Skip to site index Politics Subscribe Log In Log In Today’s Paper Politics | Trump Proposals Could Increase Health Costs for Consumers Supported by ByRobert Pear Jan. 21, 2019 WASHINGTON — Consumers who use expensive brand-name prescription drugs when cheaper alternatives are available could face higher costs under a new policy being proposed by the Trump administration. The proposal, to be published this week in the Federal Register, would apply to health insurance plans sold under the Affordable Care Act. Health plans have annual limits on consumers’ out-of-pocket costs. Under the proposal, insurers would not have to count the full amount of a consumer’s co-payment for a brand-name drug toward the annual limit on cost-sharing. Insurers would have to count only the smaller amount that would be charged for a generic version of the drug. For example, if a … [Read more...] about Trump Proposals Could Increase Health Costs for Consumers