Tag: prices

Now what? Options for consumers as health law drama fades

BY TOM MURPHY As the political drama over health care legislation in Washington fades, the rest of the country faces a more immediate concern: Getting insurance for next year. The Republican health plan designed to replace the Obama-era health law known as the Affordable Care Act would not have taken full effect for a few years anyway – and now it’s dead. “We’re going to be living with Obamacare for the foreseeable future,” House Speaker Paul Ryan said Friday. That means millions of Americans will have to navigate a current federal health care system that, while not “imploding” as...

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Drug prices don’t budge even after pressure from Congress

WASHINGTON (AP) — Congress’s routine of publicly shaming drug company executives over high prices works no better than a placebo: It may make some people feel better, but it doesn’t treat the problem. In the last two years, House and Senate committees issued more than a dozen subpoenas to price-hiking drugmakers, collecting hundreds of thousands of documents and berating executives for more than 16 hours of public hearings. But a review by The Associated Press of the list prices of nearly 30 brand-name medications and generic versions targeted by congressional investigators shows most haven’t budged since coming under federal...

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Did landmark laws from Congress enable high drug prices?

WASHINGTON (AP) — Lawmakers are venting outrage over high prescription drug costs, but if Congress is looking for culprits, it might want to look in the mirror. Republican- and Democratic-controlled Congresses, and presidents of both parties, may have set the stage for the startling prices that have consumers on edge. In the last 13 years, Congress passed major legislation that expanded taxpayer-financed coverage for prescription drugs but lacked explicit mechanisms for dealing with costs, instead relying mainly on market forces. Lawmakers look like unwitting enablers in the eyes of some experts. “Congress in attempting to expand access to prescription...

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Texas Economy remains resilient as oil prices fall

NEW YORK (CNNMoney) — Oil prices can’t mess with Texas. Some economists warned last year that Texas could slide into a recession in 2015 as oil prices tanked. Last week, prices hit a 6-year low to $42, down from $100 a barrel a year ago. But Texas added jobs in five of the first six months this year. The state’s 4.2% unemployment rate has actually ticked down a little this year, and it’s well below the nation’s 5.3% rate, according to the Federal Reserve Bank of Dallas. The dramatic decline in oil prices would have spelled trouble for the...

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