The Federal Trade Commission on Tuesday sharply criticized pharmacy benefit managers, saying in a scathing 71-page report that “these powerful middlemen may be profiting by inflating drug costs and squeezing Main Street pharmacies.” The regulator’s study signals a significant ramping up of its scrutiny of benefit managers under the agency’s chair, Lina Khan. It represents…
A Senate committee is investigating the prices that Novo Nordisk charges for its blockbuster medications, Ozempic and Wegovy, which are highly effective at treating diabetes and obesity but carry steep price tags. Senator Bernie Sanders of Vermont, the chair of the Senate Committee on Health, Education, Labor and Pensions, said in an interview that the…
The dream of streaming — watch what you want, whenever you want, for a sliver of the price of cable! — is coming to an end. With all the price increases for video streaming apps like Amazon Prime Video, Netflix and Hulu, the average household that subscribes to four streaming apps may now end up…
The chief executives of three major pharmaceutical companies are set to appear in front of the Senate health committee on Thursday to defend how much they charge for drugs in the United States, drawing them further into a confrontation with lawmakers and the Biden administration over the cost of some of the most widely used…
Jump to: Credit…Chanelle Nibbelink A record 4.7 billion passengers are expected to fly globally in 2024, up from the previous record of 4.5 billion in 2019, according to the International Air Transport Association. Analysts at American Express Global Business Travel say that average ticket prices across all regions are not expected to change significantly. But…
Florida’s plan to save money by importing medications from Canada, authorized this month by the Food and Drug Administration, has renewed attention on the cost of prescription drugs in the United States. Research has consistently found that drug prices in America are significantly higher than those in other wealthy countries. In 2018, they were nearly…
