The labor unions have been fighting the Senate health care bill for some time now--specifically, the provision that levies high taxes on "Cadillac" plans that exceed certain maximums. That was expected to be a sticking point in the negotiations between the Senate and the House, but as Samuel Johnson once said, "the prospect of being hanged focuses the mind wonderfully." With the potential loss of their 60 vote majority lurking ahead, they can't dawdle on the details; it's time to haul in their lente and festina like hell.
On Monday, the soaring cost of prescription drugs was thrust back into the limelight when hedge fund manager turned-serial pharma startup mogul Martin Shkreli made the rounds to explain why his company, Turing Pharmaceuticals, decided to raise the cost of a 62-year-old treatment for life-threatening parasitic infections from $13.50 to $750 a pill virtually overnight. Shkreli’s answer: “This is still one of the smallest pharmaceutical products in the world. It really doesn’t make sense to get any criticism for this.”
Washington (AFP) - Simple coordination between hospitals, nursing homes and health authorities could slash the number of drug-resistant "superbug" infections and save thousands of US lives, experts said.
The White House has criticized the Congressional Budget Office's findings that the Obama administration's proposal to control Medicare costs would yield a moderate savings of $2 billion over the next decade.
GALESBURG, Ill. — President Barack Obama said Wednesday that Washington has “taken its eye off the ball” as he pledged a stronger second-term commitment to tackling the economic woes that strain many in the middle class nearly five years after the country plunged into a recession.