All articles tagged with #price negotiation
The White House announced that 15 prescription drugs will be included in Medicare's price-negotiation program, a major move aimed at lowering U.S. prescription costs, disclosed during a rural health care event with the President and key health officials in attendance.
The commercial crabbing season has finally begun in the Bay Area, but local crabbers are frustrated with the low prices offered by processors, especially in comparison to Oregon. Customers can support local fishermen by buying fresh crabs directly from the boat at Fisherman’s Wharf or through off-the-boat sales, with prices currently at $10 per pound. Fishers in Humboldt County chose to strike rather than accept lower prices, but their efforts seem to have been unsuccessful as the season opened in San Francisco. There is a call for fishermen to organize and negotiate for higher prices to address the imbalance of power with processors.
The Biden administration has released a list of 10 prescription drugs that will be subject to price negotiations by the U.S. Medicare health program, including popular medications such as Eliquis, Xarelto, and Januvia. The program aims to decrease prices for up to 9 million seniors and save $25 billion per year on drug prices by 2031. Drugmakers targeted on the list have expressed concerns about stifling innovation and impacting the quality of care. The negotiated prices will go into effect in 2026, and the program is expected to free up Medicare's budget to cover other drugs.
Despite being damaged by a suspicious fire and taken off the market, the Fifth Avenue penthouse tied to exiled Chinese billionaire Guo Wengui is still attracting deal-hungry buyers looking for a discount. The penthouse, which was listed for $32.5 million, suffered significant damage during the blaze, including the destruction of its wood-paneled library. Brokers say the penthouse's renovation will be even more costly and timely than usual, and there's now even more room for price negotiations. Guo was charged this week with running a billion-dollar fraud scheme and using the proceeds to buy a $26.5 million New Jersey mansion and a $37 million yacht.