Inflation (Economics)
Sen. Gary Peters helped the Senate pass the Inflation Reduction Act, a landmark legislation that aims to lower healthcare and prescription drug costs for families, make historic investments to tackle climate change, create jobs, and incentivize domestic manufacturing, while fighting inflation and reducing the deficit. The bill, which now heads
Health care industry
Cancer patients facing higher Medicaid copayments are less likely to comply with their prescription drug treatments, a new study by researchers at RTI International found. The study, published in Medical Care, showed that patients in states with increased copayments for prescription drugs decreased their prescription drug use by between 127
Health care industry
As healthcare costs continue to soar, a growing number of American businesses are taking proactive steps to create healthier workforces and reduce expenses. A recent survey by Virgin HealthMiles reveals that nearly 90% of employers now rely on employee health and wellness programs to lower costs, with 70% offering incentives
Health care industry
Congressman Ron Klein (FL-22) was a key supporter of the health care reform package passed in Washington, which will bring real relief to South Florida seniors, families, and businesses struggling with the skyrocketing cost of health care and prescription drugs. The package strengthens and protects Medicare for seniors, ensures families
Health care industry
Retiring Americans face significant health care costs, with average expenses including nursing home care totaling $260,000, and potentially exceeding $500,000, according to a new study by the Center for Retirement Research at Boston College underwritten by Prudential Financial. The study, "What is the Distribution of Lifetime Health
Health care industry
California Rep. Mike Thompson recently voted to advance a bill that would subject health insurance companies to federal antitrust laws, aiming to curb high health insurance costs and promote competition in the industry. The Health Insurance Industry Fair Competition Act, H.R. 4626, would end the exemption of health insurers
Health care industry
Governor Deval Patrick continues to focus on reducing health care costs for small businesses in Massachusetts, announcing a second round of hearings to review premium increases. The hearings, led by the Commissioner of Insurance, will address the root causes of premium increases and explore solutions to control costs. Small businesses
Health care industry
Senator Judd Gregg, a member of the Senate Budget Committee, appeared on CNBC's "Squawk Box" on November 20, 2009, to discuss the cost of the health care reform bill. Gregg, a Republican from New Hampshire, estimated that the true cost of the bill is at least
Health care industry
Employers have been investing in various wellness programs to reduce health care costs, which were estimated to average over $7,000 per employee per year. Companies, such as Home Depot and UPS, offer a range of benefits, from free smoking cessation programs and on-site vaccinations to fitness training classes and
Health care industry
The Illinois Republican Party released information stating that the Senate Finance Committee's health care reform bill will significantly increase American families' premiums over the next decade. According to a PricewaterhouseCoopers study, single coverage is expected to increase by $1,500 more than under the current system, while
Health care industry
Chief financial officers (CFOs) at leading U.S. retailers are indicating that they will not reduce headcount in response to healthcare reform, but instead will likely pass increased healthcare costs onto employees. According to a recent study by BDO Seidman, LLP, 71 percent of CFOs do not plan to reduce
Health care industry
U.S. Sen. Mark Begich emphasized the need for health care reform that prioritizes prevention and reduces skyrocketing health care costs during a speech on the Senate floor. The freshman senator highlighted the unsustainable state of the health care system, where 75 percent of all health care costs go to
