A vast majority of Americans say lowering health care and prescription drug costs are the most important policy issues for President Donald Trump and Congress to tackle before the November election, according to a new poll released Wednesday.
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American wholesale prices went up 0.5% in January, the biggest hike since October 2018, driven by a surge in the cost of services.
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Rising energy costs nudged up American wholesale prices only slightly in December, a sign that inflation pressures remain tame.
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The House of Representatives passed a bill Thursday that aims to lower the cost of prescription drugs by allowing the federal government to negotiate prices with pharmaceutical companies and capping the amount companies can charge for their products.
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American wholesale prices were unchanged last month, reflecting a continued trend of tame inflation that is likely to persist.
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Despite strong economic indicators, a poll released Wednesday found most Americans say the U.S. economy is beneficial to the wealthy and harmful to the poor and those in the middle class.
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Several hospital groups sued the Trump administration Wednesday in an effort to keep their procedure prices secret as health care costs – and profits – continue to rise.
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The Trump administration announced new rules Friday that would require hospitals and insurers to disclose the actual cost of common medical procedures.
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Mirroring last month’s boost in consumer prices, U.S. wholesale prices also increased 0.4% in October, driven up by rising gasoline costs.
Read moreAmerican consumer prices were unchanged last month, signaling low inflation pressures that could spur another interest rate cut by the Federal Reserve.
Read moreLower gasoline costs pushed down wholesale prices in September, another sign of low inflation that is fueling speculation the Federal Reserve will cut interest rates for a third time this year.
Read moreDemocratic presidential candidate Pete Buttigieg announced a plan Monday to combat the rising costs of prescription drugs, saying it is time to fight pharmaceutical companies and make medications affordable for Americans.
Read moreU.S. consumer prices increased by just 0.1% last month, the latest indication of low inflation and a sign the Federal Reserve is likely to cut interest rates again next week.
Read moreAfter months of barely noticeable upticks, American consumer prices increased 0.3% in July, driven by the higher cost of gas, housing and medical services.
Read moreU.S. wholesale prices increased by only 0.2% in July, another indication of the mild inflation pressures that drove the Federal Reserve to cut interest rates last week.
Read moreHouse Democrats accused pharmaceutical companies Friday of getting away with murder through skyrocketing drug prices, rejecting Republican lawmakers’ concerns that increased regulation to bring down the cost of prescription drug prices could stifle innovative research.
Read moreWholesale prices increased by only 0.1% in June, the same rate as consumer prices, as the Federal Reserve looks ready to slash interest rates this month amid tame inflation pressures.
Read moreThe Trump administration said Thursday it is withdrawing a proposal that would do away with rebates in government drug plans, which it previously said would be a key component of slashing drug prices.
Read moreU.S. consumer prices rose just 0.1% for the second straight month, signaling inflation is tame as the Federal Reserve looks likely to cut interest rates at the end of July.
Read moreMirroring the barely noticeable uptick in wholesale prices last month, U.S. consumer prices rose only 0.1% in May in another sign of low inflation.
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