More than 3,400 drugs have boosted their prices in the first six months of 2019, an increase of 17% in the number of drug hikes from a year earlier.The average price hike is 10.5%, or 5 times the rate of inflation.The drug hikes come at a time when lawmakers and the Trump administration have vowed to address the problem of rising prescription costs.Price hikes on prescription drugs are surging in 2019, despite vows from lawmakers and the Trump administration to rein in pharmaceutical costs. So far in 2019, more than 3,400 drugs have boosted their prices, a 17% increase compared with the roughly 2,900 drug price increases at the same time in 2018, according to a new analysis by Rx Saving Solutions, a consultant to health plans and employers.The average price hike for those 3,400 drugs stands at 10.5%, or about 5 times the rate of inflation, the study found. About 41 drugs have boosted their prices by more than 100%, including one version of the antidepressant fluoxetine -- also known as … [Read more...] about Drug prices in 2019 are surging, with hikes at 5 times inflation
By Sophia Kunthara Updated 8:09 pm CDT, Tuesday, April 23, 2019 Gas prices over $4 per gallon are shown at a gas station in Mill Valley. Gov. Newsom wants to know whether any “inappropriate industry practices” have contributed to the high prices. Gas prices over $4 per gallon are shown at a gas station in Mill Valley. Gov. Newsom wants to know whether any “inappropriate industry practices” have contributed to the high prices. Photo: Justin Sullivan / Getty Images Photo: Justin Sullivan / Getty Images Image 1 of / 39 Caption Close Image 1 of 39 Gas prices over $4 per gallon are shown at a gas station in Mill Valley. Gov. Newsom wants to know whether any “inappropriate industry practices” have contributed to the high prices. Gas prices over $4 … [Read more...] about California governor calls for investigation into his state’s high gas prices
HIGH street giant Next has vowed to slash prices for Brits if we have a No Deal Brexit. The fashion retailer said it would pass on savings to shoppers in the event we leave the EU without a deal. We're set to leave the bloc on March 29 but Theresa May is jetting to Brussels today to ask for an extension to push her deal through. Brexit-backing Next CEO Lord Wolfson said there would be huge benefits from leaving on World Trade Organisation terms instead of her deal. He said today as the company reported its profits: "In the (seemingly unlikely) event that these provisional rates are introduced in the near future, we estimate that there would be a net reduction in the tariffs we pay of around £12m to £15m. "In the medium term, our intention would be to pass on cost price improvements to customers, in the form of better pricing. "In the context of £1.7bn of stock purchases, the savings would be relatively modest." If we left without a deal the UK would be able to set its on … [Read more...] about High street giant Next vows to slash prices if there’s a No Deal Brexit because tariff cuts will reduce costs
The French president wants to lower the cost of getting your hands on a French driving licence, with a report set to be made public this week which lays out concrete proposals to make his aim a reality. But how much does it cost to get a driving licence from scratch -- including lessons -- in France right now? According to a study by French consumer watchdog UFC-Que-Choisir there is a large disparity in the amount people pay to get their driving licenses depending on where you are in the country, as well as on how quickly the final driving test is passed and, of course, on which driving school you use. However the reports also says the average price across the whole country is €1,804. READ ALSO: Photo: AFP A total of 30 percent of French people spend between €1,200 and €1,500 while 6 percent pay more than €2,000. The bulk of the expense is taken up by driving lessons, which cost an average … [Read more...] about How much does it cost to get a driving licence in France…. from scratch?
The United States spends more on health care on a per capita basis than any other developed nation, according to a study published Monday in Health Affairs. But greater health care utilization is not the reason per capita spending stood at $9,892 in 2016, according to the researchers. Rather, higher prices are fueling that total. Those prices result from more expensive drugs, bigger salaries for doctors and nurses, higher hospital administration expenses and more costly prices for many medical services.The researchers' findings mirror a 2003 study that reached the same conclusion. That study was dubbed "It's The Prices, Stupid: Why The United States Is So Different From Other Countries." This study bears a similar name: "It's Still The Prices, Stupid: Why The U.S. Spends So Much On Health Care, And a Tribute to Uwe Reinhardt." Reinhardt, a Princeton University health care economist who died in 2017, led the previous study. “In spite of all the efforts in the U.S. to … [Read more...] about High prices make U.S. the biggest health care spender among developed countries