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?
Who measures the consumer price index
President Donald Trump announced last month that the GOP will become “the party of health care,” and news reports suggest he intends to make it a top issue in his reelection campaign. voters say should be a top priority — we were intrigued. On “Fox News Sunday” April 7, Mulvaney said: “Drug prices in this country actually came down last year for the first time in 50 years. That’s because Donald Trump’s president.” This statement is particularly hard to prove affirmatively. Drug prices are measured through a host of metrics and affected by all sorts of political and economic forces. We reached out to the White House for more explanation. Its staff directed us to a report published last October by its Council of Economic Advisers, as well as to data suggesting the consumer price index for prescription drugs declined in January 2019 compared with January 2018. But experts who reviewed that data said it doesn’t necessarily … [Read more...] about Mulvaney: Trump Brought Down Drug Prices For The First Time In 50 Years
During the Obama years, we started hearing the term “Obama Derangement Syndrome.” It referred to those who were so opposed to (dare might one say prejudiced against) President Barack Obama that it unhinged them a bit, to the point where they wanted to see only things that were going wrong in America under Obama’s presidency, and ignore (or explain away) anything that was going well. As regular readers of this space have sensed, I am not an admirer of the current incumbent in the Oval Office. My dislike may have, at times, qualified as a similar derangement syndrome in which I am drawn to notice bad developments and other evidence of President Donald Trump’s incompetence, venality, self-obsession, etc,. to a degree that might render me unable to notice anything that might be going well during the Trump years. I have long been aware, and have occasionally cautioned against, the twin demons of “selective perception” and “confirmation … [Read more...] about Assessing how America’s doing, by the numbers
Christopher Rugaber, Ap Economics Writer Updated 12:03 am PST, Friday, January 11, 2019 Government workers, American Federation of Government Employees union members and members of supporting local unions, pose for a group photo during the rally to highlight the effect the federal shutdown, Thursday, Jan. 10, 2019, in Minneapolis. (Leila Navidi/Star Tribune via AP) less Government workers, American Federation of Government Employees union members and members of supporting local unions, pose for a group photo during the rally to highlight the effect the federal shutdown, ... more Photo: Leila Navidi, AP Photo: Leila Navidi, AP Image 1 of / 3 Caption Close Image 1 of 3 Government workers, American Federation of Government Employees union members and members of supporting local … [Read more...] about How’s the US economy doing? Shutdown makes it harder to say
AFTER days of holiday celebrations commuters have been slapped in the face with yet another fare raise. Campaigners have criticised the "staggering" increase which has left many people "priced out of getting to work". So why are tickets more expensive now? How much have rail ticket prices increased? The Rail Delivery Group has already flagged that fares will rise by 3.1 per cent in January. Northern trains will be stung by a very slightly worse 3.2 per cent rise. This follows a 3.4 per cent increase from the start of this year. Govia Thameslink Railway (GTR) operates the Thameslink, Southern and Great Northern rail services, and has flagged a similar 3 per cent rise. C2C, which mainly operates services from the capital to the coast, have also flagged 2.6 per cent increases. Chiltern flagged increases of 2.8 per cent in November. The average traveller will be paying £2,888 for their season ticket this year, £694 a year more than in 2010, according to Labour's analysis. To put … [Read more...] about Train fare increase – how much has the cost of rail travel gone up for 2019 and why are tickets more expensive now?