Prices Archives - DR News - News, Retirement, Finance

Health Care Reform Bill Proposes Shifting Commercial Prices to Lowest-Paid Hospitals

Boston, Massachusetts – A proposed health care reform bill in the House has sparked discussions due to its mix of positive and concerning elements. The bill aims to enhance state oversight and access to data in the healthcare sector, empowering regulatory bodies like the Health Policy Commission and the Center for Health Information and Analysis. By granting more review power to these entities, the House hopes to address financial issues within provider networks before they …

Negotiated Medicare Drug Prices Could Impact Drugmakers’ Profits and Innovation

Trenton, New Jersey – President Joe Biden’s Inflation Reduction Act includes a crucial policy focusing on Medicare drug-price negotiations to alleviate the burden of expensive medications on seniors. The act aims to make these medications more affordable for the elderly population, potentially impacting drugmakers’ profits. In light of this initiative, final negotiated prices for the initial round of drugs subject to these negotiations, involving companies like J&J and Bristol Myers, are set to take effect …

Healthcare Clash: Trump vs. Biden on Insurance Coverage, COVID Response, and Drug Prices

Washington, D.C. – The stark contrast between former President Donald Trump and current President Joe Biden on health care issues highlights a key difference between the two major presidential candidates. Over the past four years, Biden has championed the Democratic Party’s longstanding goal of ensuring universal health insurance coverage through government intervention. In contrast, Trump pursued a more traditional GOP approach aimed at dismantling such coverage, ultimately falling short in his efforts. The response to …

Inflation Impact: Study Shows Americans Struggling to Save for Future Amid Rising Prices

Minneapolis, Minnesota – A recent study by Allianz Life revealed that chronic inflation is taking a toll on the financial well-being of millions of Americans, hindering their ability to save for the future. The study found that rising prices for everyday goods are forcing many households to dip into their retirement savings, accumulate credit card debt, and reduce their savings for the future in order to maintain their current lifestyle. According to the report, nearly …

Prescription Drug Prices in Focus: Trump’s Past Actions Shape Potential Future Impact on Healthcare

Washington, D.C. – Former President Donald Trump sparked controversy when discussing entitlements in a recent interview. Trump’s comments on potential cuts to Social Security and Medicare raised concerns and drew backlash from critics, especially given the sensitive nature of these programs in American politics. In response to the backlash, Trump’s campaign clarified that he was referring to reducing waste and inefficiency, not cutting benefits. However, the remarks highlighted the divisive issue of entitlement reform and …

Drug Prices in Focus Again as Biden Seeks Credit for Speech

Washington, D.C. – President Biden addressed the nation on Tuesday, advocating for policies aimed at reducing drug prices and improving access to healthcare. In his State of the Union speech, Biden highlighted the need for Congress to take action to address the rising costs of healthcare for Americans across the country. Biden’s speech focused on the urgent need to tackle the issue of escalating drug prices, emphasizing the importance of affordable healthcare for all. He …

Negotiations Begin for Lower Drug Prices on 10 Critical Medications for Medicare Patients

WASHINGTON, D.C. – In an effort to address the rising costs of prescription drugs for elderly Americans, the Biden administration presented offers to pharmaceutical companies for 10 widely used medications on Thursday. This marks the beginning of negotiations over drug prices for Medicare, as the Department of Health and Human Services seeks to make essential medications more affordable for seniors. The selected drugs include a variety of treatments for conditions such as heart failure, stroke, …

Government Set to Negotiate Medicare Prescription Drug Prices for Elder Adults, Starting with the 10 Costliest

WASHINGTON, D.C. – The Biden administration is gearing up for negotiations with drugmakers in an effort to lower the costs of prescription drugs covered by Medicare. This move is part of the Inflation Reduction Act and marks the first time that Medicare will directly negotiate drug prices with manufacturers. The negotiations, which will run through August 1, are expected to be intense as the government aims to address the soaring costs of prescription drugs for …